Inching ahead in foreign investment
Central America last year got $11 billion foreign direct investment, a modest increase over 2013, according to the Economic Commission for Latin America and the Caribbean, a UN agency.
The big loser was Costa Rica, where FDI dropped 21% to $2.1 billion.
On the other hand, Nicaragua has in recent years had strong investment.
Mining and energy are big sectors, along with light manufacturing and agriculture.
The Ortega government is actively promoting business in Nicaragua, Central America’s safest country.
Meanwhile, the region lags some of its competitors.
Chile with only a third of the population of Central America last year attracted twice as much FDI.
Colombia had FDI of $16 billion with a population of 48 million, not much more than that of Central America.
Colombia’s civil war may still be sputtering.
But Colombia offers a wide range of human and material resources in a strategic location.