Venezuela: Worse For Business

I'm going to keep pounding in this thug until he's gone.

Mexico, Peru and Guatemala were among the ten countries worldwide that implemented most reforms that make business easier. Mexico jumped a whopping 19 places on the global ranking of 175 countries, while Peru jumped by 13 places and Guatemala by 10 places. All in all, seven countries in Latin America made progress, while 12 fell on the global ranking. Chile kept its position as the region’s best place in terms of ease of doing business, while Venezuela cemented its last place.

Venezuela managed to drop a whopping 20 places on the ranking, ending in 164th place of 175 countries worldwide. That means Venezuela is now a worse place for doing business than countries like Afghanistan and Burkina Faso, according to the World Bank.

Latin Business Chronicle has the rest.