Chile FDI Nearly Doubles

Foreign direct investment (FDI) in Chile rose 97.8% in the first half of the year, compared with the same period last year. FDI into the country between January and June totaled $2.9 billion, according to Chile’s Foreign Investment Committee. Investments under the main regulatory norm for FDI, DL 600, came to $1.69 billion – an increase of 149% versus the same period last year. However, most of this was accounted for by the $1.1 billion investment by Canada’s Brookfield Asset Management in the acquisition of utilities firm Transelec. Meanwhile, capital investments channeled through Chapter XIV of the Central Bank’s Compendium of Foreign Exchange Regulations rose 52.7% to $1.19 billion.