Argentina Expects $14 Billion Private Investment This Year
Source: Nearshore Americas
By: Narayan Ammachchi
Domestic and foreign companies are going to invest $14 billion in Argentina this year, an indication that the business-friendly reforms of President Mauricio Macri are finally yielding results.
Juan Procaccini, who heads the country’s investment promotion agency, told Reuters there is an additional $12.5 billion worth of investments in projects that have not yet been announced.
Foreign firms have announced investments worth more than $33 billion since Macri became president, with the most coming from companies based in the United States, Germany, Canada, Spain, and Brazil.
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