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T-News, Peru, May 26, 2008

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Worst countries are Venezuela and Haiti
PERU THIRD BEST COUNTRY TO DO
BUSINESS IN LATIN AMERICA

Peru is considered as the third most suitable country to do business in Latin America, according to the index of the prestigious weekly Latin American Business Chronicle. Chile ranked first followed by Panama and Brazil ranked ninth, while the worst countries for investments are Venezuela and Haiti, as well as Bolivia, Nicaragua and Honduras. The Latin Business Index, made by Latin Business Chronicle, measures the business climate in 19 Latin American countries and considers five major factors and 27 subcategories. Despite being the third world oil producer, Venezuela was ranked as the worst country in the region because it has the lowest scoring in macroeconomic and corporate environment, and the second worst scoring in political environment, behind Haiti.

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