Foreign direct investments in the Caribbean and the Latin American region is at its lowest since 2010.

That’s according to the regional Economic Commission, ECLAC.

According to ECLAC, FDI inflows to the region declined by 9-percent last year when compared with 2014, totaling USD$179-billion.

The report notes that the decline seen in 2015 in Latin America and the Caribbean contrasts with the dynamism observed at a global level.

ECLAC says the situation is due to lower investment in sectors linked to natural resources, mainly mining and hydrocarbons, and to the deceleration of economic growth.

In its annual report, titled “Foreign Direct Investment in Latin America and the Caribbean 2016,” ECLAC says FDIs would remain below the levels reached in recent years, in line with economic prospects.

It warned that the level could decline by as much as eight per cent, although it will continue to be an important factor in the region’s economies, so it is necessary to attract quality flows.