Costa Rica FDI on Pace to Break All-Time High

During the first 6 months of 2011, Costa Rica accumulated $1.06 billion in foreign direct investment, according to the Central Bank of Costa Rica.  Under President Chincillia, the Foreign Trade Ministry set an investment goal of $1.85 billion, and if FDI continues at its current pace, they'll surpass their record-breaking goal.    
IBM made the largest contribution to FDI in the first half of the year.  On June 30, the technology company accounced a $300 million increase in investment in Costa Rica which is expected to create 1,000 new jobs.  According to Carl Ingersoll, general manager of IBM Costa Rica, IBM wanted to invest in Latin America and chose Costa Rica based on "a number of competitve advantages".

source: The Tico Times