In a turbulent presidential election year characterised by volatile markets, the Brazilian financial centres of São Paulo and Rio de Janeiro topped the ranking of inward foreign direct investment (FDI) in the Latin America and Caribbean region, having each attracted an estimated total of $281.1m between September 2017 and the end of August, according to database fDi Intelligence.
But signalling Brazil’s ongoing economic struggle – as well as that of the rest of the region – this investment was spread across just two projects. Other financial centres also attracted just a handful of projects, and with much reduced capital expenditure.
