The the third quarter of 2018 was closed with data on investment declines, in line with the latest Investment Monitor reportThe report, prepared by the International Investment and Trade Agency (AAICI), underlines decrease in all investment positions as a result of higher costs import, decrease in the sector's activity agrarian e industrial and high level interest rates.
Because of the value exchange rate, import costs increased for the purchase of machinery and transport equipment of foreign origin (which fell 15% year to year), while rates generated less availability credit to the private sector.
With everything from AAICI they emphasize that they have accumulated for the first nine months of the year remains positive, reflecting an increase of 2% year-on-year compared to the same period of 2017..
"We come from difficult months and today the macro context is more unfavorable; However, we have introduced many changes and continued work on initiatives that allow us to modify processes and create from scratch ways to improve the business climate in Argentina. This will encourage new investments in the medium term and for what will allow for a solid and sustainable development of our economy, "he said. Francisco Uranga, Director-General of Investments of the Argentine Investment and International Trade Agency.
Meanwhile, in October, the Investment Monitor revealed a total 23 ads for USD 1,600 millionIn terms of origin, the countries with the largest number of investment offers during the year Mexico, Belgium and Portugal
In the third quarter, foreign investment flows reached the level USD 3.15 billion, and 5% below from the same period of the previous year, incl USD 2,100 million they reinvested profits, USD 710 million contributions from shareholders and USD 340 million debt with matrices.