Foreign investment

During the first quarter of the year 2000, foreign investment flows to Colombia stood at US$59 million, showing a reduction of US$338 million from what was observed during the same period of 1999. This reduction is explained by the fall in direct net foreign investment revenues which amounted to US$36 million, a US$376 million decrease from the level observed during the same period of 1999. This behavior resulted from higher refunds obtained from Oil related activities (US$424 million). On the other hand, direct foreign investment increased by US$48 million (13.9%) amounting to US$391million which was primarily channeled to the financial sector (US$162 million), and to a lesser extent, to mining activity (US$75 million) and communications sector (US$69 million). Furthermore, portfolio investment registered a net flow of US$23 million, in contrast to the net outflow of US$15 million registered during the same period of the preceding year.

FOREIGN INVESTMENT

*: Up to March.  p: Provisional.

1/ Since 1994, the statistics correspond to the new measurement of the Balance of Payments , according to the Balance of Payments Methodology of the 5th Edition International Monetary Fund Balance of Payments Manual .

Source: Banco de la República, International Exchange and Economic Studies Department.