Despite the effects that the coronavirus pandemic has left in the world, the United Nations Development Conference (UNCTAD) revealed that Mexico climbed five steps within the top 10 of the countries with the highest reception of foreign direct investment (FDI) and ranked ninth globally.

In the World Investment Report 2021, UNCTAD indicated that global FDI flows fell 35 percent in 2020, as a clear consequence of the pandemic that is affecting several countries and that in many cases stopped economies and the passage of certain goods between entities.

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"Blockades around the world in response to the covid-19 pandemic slowed down existing investment projects, and the prospects of a recession led multinational companies to reevaluate new projects," the international body highlighted in its report.

In the list of the 10 countries with the highest reception of FDI, the United States is in first place with 156 billion dollars, followed by China with 149 billion dollars; Hong Kong with $ 119 billion; Singapore with $ 91 billion; India with $ 64 billion; Luxembourg with $ 62 billion; Germany with $ 36 billion; Ireland with $ 33 billion; Mexico 29 billion dollars and Sweden with 26 billion dollars.

With the 29 billion dollars that Mexico generated in 2020, it managed to have a better position compared to 2019, when it was placed in the 14th place and thus climbing five rungs and positioned last year in the 9th place in the ranking.

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Given this, the undersecretary of Foreign Trade of the Ministry of Economy, Luz María de la Mora, celebrated the progress that Mexico achieved last year despite the consequences that the pandemic has left in the country.

UNCTAD pointed out that in Central America FDI inflows fell 24 percent and reached 33 billion dollars, "in part, underpinned by earnings reinvested in Mexico."

He estimated that FDI inflows will remain slow in 2021 and 2022, and that the number of investment announcements decreased, as did the number of international financing projects offers.

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