Mexico is back among the top 20 countries seen as most attractive for foreign investment, mainly because of the sale of Mexican brewery Modelo last year for US $18 billion.
The United Nations Conference on Trade and Development (UNCTAD) reported that Mexico was in 12th place in 2013, with foreign direct investment (FDI) totalling $38 billion.
The amount paid by the Belgian brewer AB InBev for Modelo was just about equal to Mexico’s foreign direct investment total in 2012.
In first place on the list is the United States with $188 billion, China is second with $124 billion and Russia third with $79 billion. The other Latin American economic powerhouse, Brazil, placed fifth with $64 billion in FDI, down slightly from the previous year.
The agency forecasts that 2014 and 2015 will be good for Mexico because new investment will be attracted by energy and telecommunications reforms.
Globally the numbers were up by nine per cent, reversing last year’s decline.