Colombia's FDI increases by 2.5% in Q1

Colombia's net foreign direct investment (FDI) reached 3.706 billion U.S. dollars in the first quarter of 2013, a year-on-year increase of 2.5 percent, the central bank said Friday. Nearly 45 percent of the FDI was put into the mining and oil extraction sector, while manufacture, financial entities, transport and communications, and trade received 23.6 percent, 10.6 percent, 9.6 percent and 8.1 percent respectively, the central bank said in a report. Most of the investment came from the placement of long-term debt bonds in the international market, equivalent to 57 percent, while the rest came from foreign investors in the local market, the report said.