IBOV 172,758.89 ▼ 0.35% IPSA 10,877.68 ▼ 0.18% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL5.08▼ 0.25% USD/MXN17.39▼ 0.21% USD/CLP931.37▼ 0.33% USD/COP3,233▼ 1.08% USD/PEN3.40▲ 0.14% USD/ARS1,478▼ 0.24% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▲ 0.31% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.73% USD/TTD6.73▲ 1.11% EUR/BRL5.79▼ 1.08% BRENT 91.03 ▲ 2.03% WTI 84.13 ▲ 1.08% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.73% GOLD 4,082 ▲ 1.78% SILVER 59.44 ▲ 4.64% SOY 1,218 ▼ 0.67% CORN 471.75 ▲ 4.95% WHEAT 668.50 ▼ 0.82% COFFEE 325.50 ▼ 2.66% SUGAR 14.82 — 0.00% ORANGE JUICE 147.60 ▲ 0.14% COTTON 79.51 ▲ 2.77% COCOA 5,589 ▲ 1.25% BEEF 222.20 ▼ 1.91% CATTLE 343.50 ▼ 2.41% LITHIUM 69.22 ▲ 3.44% PETR4 41.46 ▲ 0.75% VALE3 71.94 ▲ 0.01% ITUB4 42.29 ▼ 0.02% BBDC4 18.43 ▲ 0.11% ABEV3 15.77 ▼ 0.13% BBAS3 20.29 ▲ 0.59% B3SA3 14.99 ▼ 1.77% WEGE3 42.69 ▼ 1.02% PRIO3 58.78 ▲ 1.89% SUZB3 41.78 ▼ 0.26% RENT3 36.71 ▼ 2.08% AZZA3 17.60 ▼ 3.14% CSAN3 3.72 ▼ 2.62% RAIZ4 0.27 — 0.00% PCAR3 2.71 ▲ 4.23% GMAT3 3.80 ▼ 1.30% PSSA3 53.23 ▼ 1.79% CVCB3 1.13 ▲ 4.63% POSI3 3.75 ▲ 1.35% SLCE3 13.70 ▲ 0.96% NATU3 8.65 ▲ 0.23% BRKM5 5.94 — 0.00% RANI3 7.86 ▼ 1.63% CSNA3 5.09 ▲ 0.39% CMIN3 5.45 ▲ 1.11% USIM5 8.33 ▲ 2.08% GGBR4 23.57 ▼ 0.21% ENEV3 25.24 ▼ 1.60% CPFE3 46.04 ▼ 0.60% CMIG4 10.98 ▼ 0.36% EQTL3 38.52 ▼ 1.96% LREN3 13.16 ▼ 1.13% VIVT3 35.48 ▼ 0.53% RAIL3 13.28 ▼ 2.14% KLABIN 17.39 ▼ 0.51% RAIA DROGASIL 18.39 ▼ 1.61% RDOR3 33.55 ▼ 5.36% HAPV3 11.22 ▼ 2.86% FLRY3 16.34 ▼ 1.33% SMTO3 15.34 ▼ 0.45% UGPA3 31.28 ▼ 1.32% VBBR3 33.20 ▼ 2.67% BBSE3 41.07 ▲ 0.05% BPAC11 55.39 ▼ 0.81% CURY3 29.52 ▼ 2.22% AERI3 2.02 ▼ 2.42% VIVARA 21.47 ▼ 2.23% COMPASS 24.41 ▼ 0.77% VAMOS 3.10 ▲ 0.32% SANB11 27.37 ▲ 1.33% ASAI3 8.14 — 0.00% SBSP3 28.32 ▼ 2.28% WALMEX 49.32 ▼ 0.12% GMEXICO 204.24 ▲ 1.70% FEMSA 226.74 ▼ 0.10% CEMEX 21.98 ▲ 0.46% GFNORTE 182.21 ▲ 1.23% BIMBO 59.29 ▼ 0.35% TELEVISA 9.78 ▲ 0.72% AMX 22.72 ▼ 0.09% GAP 376.12 ▼ 0.55% ASUR 271.35 ▼ 1.10% OMA 224.27 ▼ 0.96% KOF 180.22 ▼ 0.33% GRUMA 287.25 ▼ 0.12% KIMBER 38.05 ▼ 0.89% SQM-B 63,930 ▲ 1.28% COPEC 6,350 ▲ 2.42% BSANTANDER 78.69 ▲ 3.42% FALABELLA 5,885 ▲ 0.17% ENELAM 84.48 ▲ 0.44% CENCOSUD 2,005 ▲ 0.51% CMPC 1,085 ▲ 1.78% BANCO CHILE 189.41 ▲ 1.57% LATAM AIR 24.51 ▲ 0.41% YPF 80,550 ▲ 1.70% GGAL 7,960 ▲ 1.47% PAMPA 5,475 ▲ 3.89% TXAR 669.00 ▼ 0.22% ALUAR 969.00 ▲ 0.99% TGS 9,620 ▲ 1.26% CEPU 2,331 ▲ 1.83% MIRGOR 16,725 ▼ 2.34% COME 43.24 ▲ 0.68% LOMA NEGRA 3,630 ▲ 1.61% BYMA 293.25 ▼ 0.17% TELECOM ARG 4,180 ▲ 0.84% ECOPETROL 16.43 ▲ 2.50% BANCOLOMBIA 81.90 ▲ 1.34% GRUPO AVAL 5.00 ▲ 0.91% CREDICORP 393.56 ▲ 1.74% SOUTHERN COPPER 183.01 ▲ 4.54% BUENAVENTURA 30.90 ▲ 2.79% MERCADOLIBRE 1,805 ▼ 1.52% NUBANK 14.09 ▲ 0.68% XP 16.56 ▼ 1.46% PAGSEGURO 9.31 ▲ 0.16% STONE 10.98 ▼ 1.27% GLOBANT 32.23 ▼ 0.20% TECNOGLASS 45.61 ▼ 1.08% GAP AIRPORT 216.21 ▼ 0.42% ASUR 271.35 ▼ 1.10% OMA AIRPORT 103.45 ▼ 0.54% AMX ADR 26.02 ▼ 0.31% FEMSA ADR 130.09 ▲ 0.06% CEMEX ADR 12.65 ▲ 1.28% PETROBRAS ADR 18.34 ▲ 0.82% VALE ADR 14.14 ▲ 0.25% ITAU ADR 8.33 ▲ 0.12% SANTANDER BR 5.41 ▲ 0.65% AMBEV ADR 3.10 ▲ 0.49% CSN 1.02 ▲ 0.50% GERDAU 4.67 ▼ 0.21% LATAM ADR 52.61 ▲ 1.68% BTC 66,593 ▲ 2.09% ETH 1,924 ▲ 1.09% SOL 77.90 ▲ 0.14% XRP 1.15 ▲ 3.37% BNB 575.04 ▲ 0.75% ADA 0.18 ▲ 3.25% DOGE 0.07 ▲ 1.39% AVAX 6.60 ▲ 0.36% LINK 8.67 ▲ 1.01% DOT 0.85 ▲ 3.37% LTC 47.77 ▲ 0.91% BCH 223.87 ▲ 1.80% TRX 0.33 ▲ 0.54% XLM 0.19 ▲ 2.58% HBAR 0.07 ▲ 2.84% NEAR 1.96 ▼ 0.84% ATOM 1.49 — 0.00% AAVE 94.66 ▲ 5.44% SELIC 14.25% EMBRAER 82.71 ▼ 0.70% EMBRAER ADR 65.14 ▼ 1.20% JBS 11.79 ▼ 2.04% JBS BDR 59.64 ▼ 1.89% MBRF3 15.02 ▲ 3.44% MBRFY 2.94 ▲ 1.03% INTER 5.56 ▼ 1.07% IBOV 172,758.89 ▼ 0.35% IPSA 10,877.68 ▼ 0.18% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL 5.08 ▼ 0.25% USD/MXN 17.39 ▼ 0.21% USD/CLP 931.37 ▼ 0.33% USD/COP 3,233 ▼ 1.08% USD/PEN 3.40 ▲ 0.14% USD/ARS 1,478 ▼ 0.24% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.02 ▲ 0.31% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.73% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.79 ▼ 1.08% BRENT 91.03 ▲ 2.03% WTI 84.13 ▲ 1.08% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.73% GOLD 4,082 ▲ 1.78% SILVER 59.44 ▲ 4.64% SOY 1,218 ▼ 0.67% CORN 471.75 ▲ 4.95% WHEAT 668.50 ▼ 0.82% COFFEE 325.50 ▼ 2.66% SUGAR 14.82 — 0.00% ORANGE JUICE 147.60 ▲ 0.14% COTTON 79.51 ▲ 2.77% COCOA 5,589 ▲ 1.25% BEEF 222.20 ▼ 1.91% CATTLE 343.50 ▼ 2.41% LITHIUM 69.22 ▲ 3.44% PETR4 41.46 ▲ 0.75% VALE3 71.94 ▲ 0.01% ITUB4 42.29 ▼ 0.02% BBDC4 18.43 ▲ 0.11% ABEV3 15.77 ▼ 0.13% BBAS3 20.29 ▲ 0.59% B3SA3 14.99 ▼ 1.77% WEGE3 42.69 ▼ 1.02% PRIO3 58.78 ▲ 1.89% SUZB3 41.78 ▼ 0.26% RENT3 36.71 ▼ 2.08% AZZA3 17.60 ▼ 3.14% CSAN3 3.72 ▼ 2.62% RAIZ4 0.27 — 0.00% PCAR3 2.71 ▲ 4.23% GMAT3 3.80 ▼ 1.30% PSSA3 53.23 ▼ 1.79% CVCB3 1.13 ▲ 4.63% POSI3 3.75 ▲ 1.35% SLCE3 13.70 ▲ 0.96% NATU3 8.65 ▲ 0.23% BRKM5 5.94 — 0.00% RANI3 7.86 ▼ 1.63% CSNA3 5.09 ▲ 0.39% CMIN3 5.45 ▲ 1.11% USIM5 8.33 ▲ 2.08% GGBR4 23.57 ▼ 0.21% ENEV3 25.24 ▼ 1.60% CPFE3 46.04 ▼ 0.60% CMIG4 10.98 ▼ 0.36% EQTL3 38.52 ▼ 1.96% LREN3 13.16 ▼ 1.13% VIVT3 35.48 ▼ 0.53% RAIL3 13.28 ▼ 2.14% KLABIN 17.39 ▼ 0.51% RAIA DROGASIL 18.39 ▼ 1.61% RDOR3 33.55 ▼ 5.36% HAPV3 11.22 ▼ 2.86% FLRY3 16.34 ▼ 1.33% SMTO3 15.34 ▼ 0.45% UGPA3 31.28 ▼ 1.32% VBBR3 33.20 ▼ 2.67% BBSE3 41.07 ▲ 0.05% BPAC11 55.39 ▼ 0.81% CURY3 29.52 ▼ 2.22% AERI3 2.02 ▼ 2.42% VIVARA 21.47 ▼ 2.23% COMPASS 24.41 ▼ 0.77% VAMOS 3.10 ▲ 0.32% SANB11 27.37 ▲ 1.33% ASAI3 8.14 — 0.00% SBSP3 28.32 ▼ 2.28% WALMEX 49.32 ▼ 0.12% GMEXICO 204.24 ▲ 1.70% FEMSA 226.74 ▼ 0.10% CEMEX 21.98 ▲ 0.46% GFNORTE 182.21 ▲ 1.23% BIMBO 59.29 ▼ 0.35% TELEVISA 9.78 ▲ 0.72% AMX 22.72 ▼ 0.09% GAP 376.12 ▼ 0.55% ASUR 271.35 ▼ 1.10% OMA 224.27 ▼ 0.96% KOF 180.22 ▼ 0.33% GRUMA 287.25 ▼ 0.12% KIMBER 38.05 ▼ 0.89% SQM-B 63,930 ▲ 1.28% COPEC 6,350 ▲ 2.42% BSANTANDER 78.69 ▲ 3.42% FALABELLA 5,885 ▲ 0.17% ENELAM 84.48 ▲ 0.44% CENCOSUD 2,005 ▲ 0.51% CMPC 1,085 ▲ 1.78% BANCO CHILE 189.41 ▲ 1.57% LATAM AIR 24.51 ▲ 0.41% YPF 80,550 ▲ 1.70% GGAL 7,960 ▲ 1.47% PAMPA 5,475 ▲ 3.89% TXAR 669.00 ▼ 0.22% ALUAR 969.00 ▲ 0.99% TGS 9,620 ▲ 1.26% CEPU 2,331 ▲ 1.83% MIRGOR 16,725 ▼ 2.34% COME 43.24 ▲ 0.68% LOMA NEGRA 3,630 ▲ 1.61% BYMA 293.25 ▼ 0.17% TELECOM ARG 4,180 ▲ 0.84% ECOPETROL 16.43 ▲ 2.50% BANCOLOMBIA 81.90 ▲ 1.34% GRUPO AVAL 5.00 ▲ 0.91% CREDICORP 393.56 ▲ 1.74% SOUTHERN COPPER 183.01 ▲ 4.54% BUENAVENTURA 30.90 ▲ 2.79% MERCADOLIBRE 1,805 ▼ 1.52% NUBANK 14.09 ▲ 0.68% XP 16.56 ▼ 1.46% PAGSEGURO 9.31 ▲ 0.16% STONE 10.98 ▼ 1.27% GLOBANT 32.23 ▼ 0.20% TECNOGLASS 45.61 ▼ 1.08% GAP AIRPORT 216.21 ▼ 0.42% ASUR 271.35 ▼ 1.10% OMA AIRPORT 103.45 ▼ 0.54% AMX ADR 26.02 ▼ 0.31% FEMSA ADR 130.09 ▲ 0.06% CEMEX ADR 12.65 ▲ 1.28% PETROBRAS ADR 18.34 ▲ 0.82% VALE ADR 14.14 ▲ 0.25% ITAU ADR 8.33 ▲ 0.12% SANTANDER BR 5.41 ▲ 0.65% AMBEV ADR 3.10 ▲ 0.49% CSN 1.02 ▲ 0.50% GERDAU 4.67 ▼ 0.21% LATAM ADR 52.61 ▲ 1.68% BTC 66,593 ▲ 2.09% ETH 1,924 ▲ 1.09% SOL 77.90 ▲ 0.14% XRP 1.15 ▲ 3.37% BNB 575.04 ▲ 0.75% ADA 0.18 ▲ 3.25% DOGE 0.07 ▲ 1.39% AVAX 6.60 ▲ 0.36% LINK 8.67 ▲ 1.01% DOT 0.85 ▲ 3.37% LTC 47.77 ▲ 0.91% BCH 223.87 ▲ 1.80% TRX 0.33 ▲ 0.54% XLM 0.19 ▲ 2.58% HBAR 0.07 ▲ 2.84% NEAR 1.96 ▼ 0.84% ATOM 1.49 — 0.00% AAVE 94.66 ▲ 5.44% SELIC 14.25% EMBRAER 82.71 ▼ 0.70% EMBRAER ADR 65.14 ▼ 1.20% JBS 11.79 ▼ 2.04% JBS BDR 59.64 ▼ 1.89% MBRF3 15.02 ▲ 3.44% MBRFY 2.94 ▲ 1.03% INTER 5.56 ▼ 1.07%
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Tuesday, July 21, 2026

Venezuela Hits Rock Bottom in Global Rule of Law Index

By · December 1, 2023 · 2 min read

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Venezuela ranks lowest globally in the Rule of Law Index, which measures how well nations adhere to legal principles.

The World Justice Project (WJP) reported this in 2023. Their findings show a decline in legal adherence worldwide.

In this global index, 142 countries were assessed. Venezuela’s score was 0.26 out of 1.0.

This score puts it in last place, the same as in 2022. It indicates the country’s legal system is the most deteriorated globally.

William H. Neukom of the WJP highlights a troubling trend. He notes a global downturn in legal systems.

This downturn is marked by government overreach and poor human rights practices.

Other countries also rank low.

Venezuela Hits Rock Bottom in Global Rule of Law Index. (Photo Internet reproduction)
Venezuela Hits Rock Bottom in Global Rule of Law Index. (Photo Internet reproduction)
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These include Cambodia, Afghanistan, Haiti, the Democratic Republic of the Congo, and Nicaragua. They, too, struggle in their respective regions.

In Latin America, the situation has been mixed since 2016. That year marked the start of a global authoritarian trend.

This trend has affected 78% of countries in the Rule of Law index. The most affected aspect is fundamental rights. They declined in 77% of the countries.

Uruguay leads Latin America in this index. It ranks 25th out of 142 countries globally. Costa Rica and Chile follow. However, 18 of the 32 Latin American countries fell in their rankings in 2023.

The WJP points out a critical issue. The functionality of justice systems is declining.

More countries are failing to provide justice that is timely, affordable, and accessible. Civil justice witnessed the greatest decline this year.

The functionality of justice systems is declining

An effective Rule of Law is crucial, the WJP states. It helps reduce corruption and fight poverty and disease.

It also protects against injustices. This is vital for development, responsible governance, and respect for rights.

These are the foundations of just, healthy, and peaceful communities.

The index scores come from extensive surveys. They include over 149,000 household surveys and 3,400 expert surveys.

These cover 142 countries and jurisdictions. The scores reflect eight key factors.

These are government power limits, corruption absence, open governance, rights protection, order and security, law enforcement, and civil and criminal justice.

Smaller States Rank Higher

In Latin America, smaller states rank higher. These include Barbados, Antigua and Barbuda, Grenada, and The Bahamas.

In contrast, most South American countries and some Central American nations, like El Salvador, Guatemala, and Honduras, have moderate scores.

The WJP, an independent and non-partisan group, conducts this study. It aims to provide a multidisciplinary view of legal adherence.

On a global scale, Denmark leads the rankings in 2023. Norway, Finland, Sweden, and Germany follow.

The index also reflects democratic health.

With the highest Rule of Law score in Latin America, Uruguay leads in the Economist Intelligence’s democracy ranking.

Uruguay excels both regionally and globally. It ranks 11th worldwide in democratic quality. Chile is also prominent, followed by Panama, Argentina, Brazil, and Colombia.

In terms of democracy, Uruguay and Chile stand out as “full democracies.” However, Panama, Argentina, Brazil, and Colombia are seen as “flawed democracies.”

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