Index Of Legal Rights For Creditors And Borrowers

South America Ranking

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

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Colombia	11	2020	1	11
2	Peru	7	2020	2	7
3	Uruguay	4	2020	3	4
3	Chile	4	2020	3	4
5	Guyana	3	2020	5	3
6	Argentina	2	2020	6	2
6	Brazil	2	2020	6	2
6	Suriname	2	2020	6	2
9	Venezuela	1	2020	9	1
9	Paraguay	1	2020	9	1
11	Bolivia	0	2020	11	0

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.