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LatinNews Daily - 2 October 2024

In brief: Costa Rica hails rise in FDI

*Costa Rica’s official export promotion agency (Procomer) has released new figures showing that the country received a total of US$2.11bn in foreign direct investment (FDI) in the first half of 2024, which it describes as a “record”, and up 3% on the same period in 2023. According to a Procomer statement, this represents 67% of the target FDI for this year. The same figures show that 59% of FDI in the first half of 2024 went to manufacturing, 14.1% to tourism, 8.5% to the services sector, and 7.2% to the financial sector. The general director of Procomer, Laura López, said that diversification had been key to maintaining this growth. The same Procomer statement notes that last year the agency announced 59 new foreign investment projects in Costa Rica, of which 13 were installed outside of the Greater Metropolitan Area (GAM).

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