According to the ranking calculated by the International Institute for Management Development (IMD), Chile stands out for its management of public finances, fiscal policy and institutional framework.

The Switzerland-based International Institute for Management Development (IMD) has published its World Competitiveness Index 2020 in which Chile climbed four places (from 42^nd to 38^th) and maintained its top place in Latin America.

Chile’s best scores were for the ranking’s government efficiency pillar where it rose six places to 20^th globally. In this pillar, it stood out for its performance on public finances where it climbed seven places while, on both fiscal policy and institutional framework, it was up two places. In addition, on business legislation, it ranked 13^th, up from 18^th in the previous version of the ranking.  

In the business efficiency pillar, Chile stood out on labor market, where it rose five places. On the infrastructure pillar, it rose two places, led by basic infrastructure and health and environment infrastructure.   

The ranking, which evaluated 63 countries, was led by Singapore, with Denmark and Switzerland in second and third places, respectively. In Latin America, Peru rose three places to 52^nd position. It was followed by Mexico (53^rd) and Colombia (54^th). Brazil ranked 56^th, up by three places on 2019.

Argentina and Venezuela were the lowest-ranked Latin American countries, taking 62^nd and 63^rd place, respectively.

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