JP Morgan rates Uruguay as the economy with the lowest country risk in the region

In the last few hours, the president of the Uruguayan Accreditation Organization (OUA), and former president of the Chamber of Industries, Washington Corallo, released through his Twitter account a graph prepared by JP Morgan Chase, referring to the “Country Risk of Latin American economies.

In this sense, as of March 30, 2022, Uruguay has 125 points, while the Latin American average is 381, and the global average is 382 points.

The second economy in the region with the lowest country risk, after Uruguay, is Chile, with 157 basis points, and Panama is in third place with 175 points.

While the three countries with the highest country risk in Latin America, according to JP Morgan Chase, are: Venezuela, with more than 37 million points; El Salvador (1,771 points) and Argentina (1,729 points).

The indicator refers to all risks inherent to investments and financing in one country as opposed to another.