MANILA, Philippines – The net inflows of foreign direct investments (FDI) into the Philippines shrank by 23 percent to $9.2 billion in 2022, according to the Bangko Sentral ng Pilipinas.
BSP data show that net FDI inflows decreased from $12 billion in 2021 as both lending and equity capital from overseas dropped last year.
A slight increase in reinvestment of earnings was not enough to offset such decreases.
“Notwithstanding the country’s sustained growth momentum, FDI net inflows decreased in 2022 due to the extended global slowdown and high inflation, which adversely affected investor decisions,” the BSP said.
In December alone net inflows fell by 76 percent to $634 million from $2.7 billion in the same month of 2021.
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