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Foreign investment

At the end of the first quarter of 2001, the Colombian investments net income grew to US$398 million, US$21 million lower than that registered the year before. This behavior is due to the smaller portfolio investments (US$19 million) while, direct investments capital flows that reached US$394 million maintained similar levels than those observed in 2000. It is worth mentioning that oil activity had a net incomes of US$11 million in contrast with the amount registered the year before where the net capital reimbursements were US$171 million. On the other hand, direct investment to the rest other sectors decreased by US$185 million to US$382 million, were primarily directed to the communication sector, the mining sector, the manufacturing industry sector and the financial sector.

FOREIGN INVESTMENT
Foreign Investment 1/ US$ millions
FOREIGN
INVESTMENT		 1990 1991 1992 1993 1994 1995 1996
Total 500.5      456.9      794.7      1,104.7      1,924.5      1,133.0      3,403.8     
Direct 500.5      456.9      728.7      959.7      1,446.5      968.4      3,111.6     
    Oil 269.6      264.1      439.6      557.3      134.7      151.3      778.3     
    Other sectors 230.9      192.8      289.1      402.4      1,311.8      817.0      2,333.4     
Portfolio - - 66.0      145.0      478.0      164.7      292.2     
FOREIGN
INVESTMENT		 1997 1998 1999 p 2000 pr 2000 pr* 2001pr*  
Total 6,231.5      2,672.7      1,303.2      2,632.4      419.3      398.1         
Direct 5,639.0      2,932.3      1,325.9      2,615.3      396.2      393.6       
    Oil 382.3      91.3      -731.6      -712.9      -170.9      11.2        
    Other sectors 5,256.7      2,841.0      2,057.5      3,328.1      567.2      382.4          
Portfolio 592.5      -259.6      -22.7      17.1      23.0      4.5         

p: Provisional. pr: Preliminar.
*: Up to March.
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