Pandemic Prompts Massive Foreign Investment Decline in Brazil

Between January and October, direct capital investments totaled US$31.91 billion, compared to US$57.61 billion in the first ten months of 2019, a 44.6% drop.

RIO DE JANEIRO, BRAZIL - The crisis triggered by the novel coronavirus pandemic (Covid-19) has led to a reduction in foreign direct investment in Brazil's productive sector. However, portfolio investments in stocks, bonds and investment funds seem to be reacting, according to Central Bank (BC) data released yesterday, November 25th.

Net capital investments in the country (IDP), which are aimed at the economy's productive sector, totaled US$1.793 (R$9.5) billion last month, compared to US$8.221 billion in October 2019.

Between January and October, IDP totaled US$31.914 billion, compared to US$57 . . .

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