A report prepared by the Commission for Latin American Affairs of the Spanish senate qualified Chile as one of the best countries in which to invest in Latin America. The document highlights the high business expectations and strong likelihood of recovering investments offered by the country.
To assist in preparing the document, the senators received the cooperation of representatives of 30 Spanish companies that currently operate in the region, among them the Banco Santander and BBVA banks and the Repsol YPF oil corporation.
In addition to Chile, the study emphasizes the propitious opportunities offered by countries such as Brazil, Mexico, Colombia, Peru, Panama and Uruguay. Like Chile, these are all considered to be countries with sound economies in which it is possible to think of doing business without running major risks.
In this way, the Spanish senate joins other organizations that have qualified Chile as an excellent scenario for developing business ventures. Prior to this, The Economist ranked this country as the 17th best place in the world in which to invest, while a study by Edgar Ortegón, former director of the Latin American and Caribbean Institute for Economic and Social Planning (ILPES), pinpointed Chile as the most suitable country for investment purposes in Latin America and the Caribbean.
In addition, other prestigious publications such as Forbes have placed Chile among the 25 best nations for developing high-return investments.