Chile leads Latin America in financial market ranking

(from El Mercurio)

GENEVA.- According to the first financial development ranking of the World Economic Forum, Chile currently leads the Latin American economies and is ranked at number 30 out of a total of 52 global markets.

The report indicates that the positive institutional and business atmosphere is the key reason why Chile has been listed as number 1 in Latin America.
According to the study, the liberalization of the Chilean economy, along with a strong regulatory and legal system, have played a crucial role in the nation’s economic development and have helped to boost the success of the financial system.

Despite the optimistic comments however, the World Economic Form also proposes that Chile should take advantage of the positive aspects of the financial system in order to improve the markets and financial intermediaries.

Among the Latin American countries, Chile was ranked above Brazil, Mexico, Colombia, Argentina and Venezuela.

Worldwide, the US financial market headed the list, followed by the United Kingdom, Germany, Japan and Canada.