Index Of Legal Rights For Creditors And Borrowers

Oceania Ranking

(0 = weak to 12 = strong)Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	New Zealand	12	2020	1	12
2	Australia	11	2020	2	11
2	Vanuatu	11	2020	2	11
4	Palau	10	2020	4	10
4	Micronesia	10	2020	4	10
4	Solomon Islands	10	2020	4	10
4	Tonga	10	2020	4	10
8	Samoa	9	2020	8	9
8	Papua New Guinea	9	2020	8	9
10	Fiji	5	2020	10	5
11	Kiribati	4	2020	11	4

Definition of Index Of Legal Rights For Creditors And Borrowers

The strength of legal rights index measures whether certain features that facilitate lending exist within the appliÂcable collateral and bankruptcy laws. The index ranges from 0 to 12 based on the methodology in the Doing Business 15-20 studies.