Brazil and Chile were the best ranked Latin American countries in the World Economic Forum's (WEF) latest financial development index.
Of the 60 countries on the ranking, Brazil came in at 30th, followed by Chile at 31st and Panama at 37th, according to a WEF report.
The index looks at seven factors to create the overall ranking. In one of these - financial stability - Chile managed to break into the top 10, at seventh place.
To read the full report on the 2011 index, go to this link