Brazil: Foreign investment reaches record high in April

27 May 2008

Brasilia, Brazil, 27 May – Foreign direct investment (FDI) in Brazil reached a new record of US$12.67 million between January and April, the Brazilian Central Bank said in Brasilia Monday.

In April alone, foreign investment totalled US$3.9 billion.

The total for the 12 months to April – US$37.22 billion – is also the highest since records at the Central Bank began, in 1947.

Against the same month of last year, foreign investment rose 11.5 percent.

In April, Brazil’s international reserves totalled US$195.8 billion and its total foreign debt was estimated at US$200.2 billion, with a reduction of US$2.5 billion against the figure for March. (macauhub)