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Investors committed $225b to Latin America and the Caribbean in 2022, according to ECLAC, the UN’s economic agency for the region. That was 55% more than the previous year and comfortably surpassed the previous peak a decade earlier. Part of the increase was a post-pandemic rebound but the number of future projects announced also rose, though more modestly.
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“We could have seen better performance [from Mexico] if it wasn’t for some of the micro issues,” says Ben Ramsey, head of emerging markets sovereign strategy at JPMorgan, in an oblique reference to President Andrés Manuel López Obrador’s policies.
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