Xenia De Leon writes an interesting article in La Estrella about FDI in Panama. She point's out that FDI is down 25% from $2.4 billion in 2008 to $1.7 billion in 2009. Yes this is a big drop, but when you compare it to historic data it is still way ahead of where FDI used to be in Panama. Like everywhere in the world, Panama rode the credit bubble and FDI flowed to her shores in great waves. So the water has calmed and things are getting back to some semblance of normalcy, which is really a good thing IMO. Of course governments always want to see growth, but in these trying times I am happy to see some conPublishsistency and return to lower, but possibly sustained growth.
XENIA DE LEON
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This figure is lower by 26.2% compared with 2008 when it reached a peak of 2,401 million.
According to analysts, the difference in the figures is linked to the global economic crisis that affected some sectors such as banking and general business license from the Colon Free Zone, where the country only grew 2.4%, while in 2008 came to 10.7%.
However, experts estimate that to maintain these levels of investment or elevate, Panama must show that the companies have legal certainty.
The IDE is only the placement of capital from a foreign country in which companies want to internationalize or installed in other countries.
Once A year after installing the transnational corporation in the country, and their investments will be considered as an IDE.
This situation changes if a bank or company seeking money from outside the country to make a new investment.
STABILITY
Aristides Hernandez, an economist at consulting firm BDO, said that maintaining these levels of investment in a crisis is good news for the country. This taking into account the historical average has been less than one billion dollars annually.
The economist said that to maintain investment in Panama must sell abroad an image of legal stability for business, where it ensures the economic and social stability of the country.
For Gaspar García de Paredes, president of the National Council of Private Enterprise (CONEP), it is important to assess the figures obtained to date in order to determine a strategy that goes in terms of increasing investments.
Paredes government raises a question: "What are other countries doing to promote good performance and make the investment to stay in your country?"
Garcia de Paredes agrees with Hernandez that it should maintain a good investment climate to attract more foreign investment.
The employer stated that there is market the strengths of the country: jobs that are generated alternative to the Panama Canal, logistics and development of the petrochemical industry.
Although it was attempted to obtain statements from the Ministry of Commerce and Industry on this issue did not have answers.
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