According to figures disclosed by Brazil’s Central Bank, foreign direct investment in Brazil was over US$ 5 billion in April and nearly US$ 23 billion since the year began.
Foreign Direct Investment (FDI) hit record highs last month and in the first four months of the year, according to the new figures released by the BC. Last month, FDI reached US$ 5.512 billion and from January to April, US$ 22.985 billion.
The result during the 12-month period ended April, US$ 63.682 billion, was also the highest since records started being kept, in 1947.
In May, the Central Bank forecasts that the pace of FDI inflow in the country should slow down to reach US$ 2.9 billion. From the 1st of May until May 25, FDI had reached US$ 2.722 billion. The forecast for the entire year is US$ 55 billion.
To the head of the Central Bank’s economic department, Túlio Maciel, the inflow of this type of investment in the country is a reflection of the “favorable conditions of Brazilian economy.”
Still according to the Central Bank, the sum of dollar inflow and outflow in Brazil recorded a surplus of US$ 8.337 billion this month, up until Monday, May 23.
Investment in bonds, remittances of profits and dividends to foreign countries and foreign direct investment, among other operations, showed a surplus of US$ 2.977 billion, whereas bilateral trade recorded a US$ 5.359 billion surplus.
Spot market dollar purchases by the Central Bank added US$ 2,979 billion to the country’s foreign exchange reserves, up until the 23rd.