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El Salvador little favored by European investment

San Salvador, May 6 (Prensa Latina) El Salvador only received five percent of the foreign direct investment (FDI) from Europe that entered Central America and the Dominican Republic between 2010 and 2021, a report said today.

The Inter-American Development Bank (IDB) document, ‘Trends in International Economic Relations’, states, for example, that Guatemala benefited from 25 percent of these resources in 11 years, while Costa Rica obtained 21 percent and Panama 19 percent.

Other nations such as the Dominican Republic with 15 percent and Honduras with 14 percent far exceeded the FDI funds that reached the so-called Thumbelina of the Americas.

The bank pointed out that European investment barely represents half of what is channeled by the United States and Latin America to the Central American region.

The document stated that 64 percent of the investment that El Salvador received from Latin America came from Central America and the Dominican Republic.

The growth of multi-Latin American companies, mostly residing in countries such as Brazil, Chile, Colombia and Argentina, is a possible reason for the considerable FDI flows from these countries to the Latin American region, the text stated.