IBOV 177,816 ▲ 0.91% IPSA 10,826 ▲ 2.48% IPC MEX 68,261 ▼ 0.11% MERVAL 2,846,220 ▼ 1.08% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.02 ▼ 0.00% USD/MXN 17.30 ▲ 0.11% USD/CLP 893.70 ▼ 0.20% USD/COP 3,632 ▼ 1.31% USD/PEN 3.40 ▼ 0.37% USD/ARS 1,399 ▼ 0.14% USD/UYU 39.96 ▲ 1.49% USD/PYG 6,158 ▲ 1.55% USD/BOB 6.86 ▲ 2.19% USD/DOP 58.65 ▲ 1.05% USD/CRC 449.07 ▼ 0.64% USD/GTQ 7.62 ▲ 2.56% USD/HNL 26.62 ▲ 2.06% USD/NIO 36.62 ▲ 1.03% USD/VES 534.05 ▲ 0.79% USD/PAB 1.00 ▲ 2.57% USD/BZD 2.00 ▲ 2.00% USD/JMD 156.59 ▲ 0.54% USD/TTD 6.72 ▲ 1.24% EUR/BRL 5.84 ▼ 0.07% BRENT 96.10 ▼ 7.19% WTI 92.42 ▼ 4.33% IRON ORE 161.91 — — COPPER 6.37 ▲ 0.49% GOLD 4,526 ▲ 0.11% SILVER 76.32 ▲ 0.56% SOY 1,189 ▼ 0.63% CORN 460.25 ▼ 0.65% WHEAT 641.75 ▼ 0.70% COFFEE 270.70 ▼ 0.61% SUGAR 14.54 ▼ 1.09% ORANGE JUICE 166.80 ▲ 0.12% COTTON 78.14 ▲ 0.93% COCOA 3,960 ▲ 4.32% BEEF 239.60 ▼ 3.83% CATTLE 349.85 ▼ 5.22% LITHIUM 85.28 ▲ 1.07% PETR4 43.40 ▼ 2.43% VALE3 83.59 ▲ 0.59% ITUB4 40.32 ▲ 2.26% BBDC4 18.07 ▲ 2.55% ABEV3 16.40 ▲ 1.86% BBAS3 21.65 ▲ 3.39% B3SA3 17.26 ▲ 3.60% WEGE3 43.31 ▲ 1.36% PRIO3 64.31 ▼ 5.98% SUZB3 41.41 ▼ 0.70% RENT3 44.90 ▲ 3.58% AZZA3 20.89 ▲ 0.82% CSAN3 4.39 ▲ 2.33% RAIZ4 0.41 ▲ 5.13% PCAR3 2.07 ▼ 0.48% GMAT3 4.45 ▲ 1.37% PSSA3 49.24 ▲ 0.14% CVCB3 1.78 ▲ 0.57% POSI3 4.10 ▲ 0.99% SLCE3 16.22 ▲ 0.93% NATU3 10.53 ▲ 4.26% BRKM5 12.40 ▲ 3.59% RANI3 8.03 ▼ 0.62% CSNA3 6.72 ▼ 0.15% CMIN3 4.49 ▲ 0.22% USIM5 10.02 ▼ 3.19% GGBR4 24.18 ▲ 0.71% ENEV3 25.22 ▲ 1.04% NEOE3 33.80 — 0.00% CPFE3 43.30 ▼ 0.02% CMIG4 11.27 ▲ 0.45% EQTL3 38.50 ▲ 2.20% LREN3 15.41 ▲ 2.26% VIVT3 33.54 ▼ 0.05% RAIL3 14.36 ▲ 1.06% KLABIN 16.55 ▲ 0.55% RAIA DROGASIL 18.48 ▲ 1.59% RDOR3 34.51 ▲ 1.29% HAPV3 12.40 ▲ 2.90% FLRY3 15.92 ▲ 1.47% SMTO3 17.31 ▼ 1.65% UGPA3 28.44 ▼ 0.91% VBBR3 32.28 ▼ 1.44% BBSE3 34.62 ▲ 0.44% BPAC11 55.90 ▲ 3.65% CURY3 31.88 ▲ 4.42% AERI3 2.35 ▼ 2.08% VIVARA 22.73 ▲ 2.43% COMPASS 27.26 ▲ 1.34% VAMOS 3.37 ▲ 3.69% SANB11 27.64 ▲ 1.99% ASAI3 9.12 ▲ 8.06% SBSP3 29.10 ▲ 2.25% WALMEX 55.26 ▼ 0.52% GMEXICO 206.26 ▲ 0.59% FEMSA 210.75 ▲ 0.33% CEMEX 22.08 ▲ 1.28% GFNORTE 189.00 ▼ 0.92% BIMBO 57.81 ▼ 0.41% TELEVISA 9.65 ▼ 1.13% AMX 22.25 ▼ 2.15% GAP 426.00 ▲ 2.19% ASUR 301.76 ▼ 2.25% OMA 227.49 ▲ 2.33% KOF 187.98 ▲ 1.45% GRUMA 295.61 ▲ 0.96% KIMBER 37.65 ▲ 0.08% SQM-B 73,510 ▲ 2.17% COPEC 6,420 ▲ 0.32% BSANTANDER 71.58 ▲ 1.97% FALABELLA 5,929 ▲ 3.67% ENELAM 78.50 ▲ 1.95% CENCOSUD 2,200 ▲ 3.97% CMPC 1,145 ▲ 4.57% BANCO CHILE 172.21 ▲ 1.90% LATAM AIR 23.75 ▲ 5.14% YPF 71,025 — 0.00% GGAL 6,455 — 0.00% PAMPA 4,783 — 0.00% TXAR 634.00 — 0.00% ALUAR 938.50 — 0.00% TGS 8,685 — 0.00% CEPU 2,077 — 0.00% MIRGOR 16,350 — 0.00% COME 43.70 — 0.00% LOMA NEGRA 3,278 — 0.00% BYMA 285.25 — 0.00% TELECOM ARG 3,493 — 0.00% ECOPETROL 13.85 ▼ 0.07% BANCOLOMBIA 65.88 ▼ 0.66% GRUPO AVAL 4.23 ▼ 0.70% CREDICORP 334.30 ▼ 2.82% SOUTHERN COPPER 179.67 ▲ 0.31% BUENAVENTURA 33.46 ▼ 0.74% MERCADOLIBRE 1,664 ▼ 0.80% NUBANK 12.73 ▼ 3.27% XP 16.82 ▼ 6.14% PAGSEGURO 9.14 ▼ 1.93% STONE 11.00 ▼ 0.90% GLOBANT 40.13 ▼ 1.23% TECNOGLASS 41.16 ▼ 0.10% GAP AIRPORT 240.40 ▼ 1.52% ASUR 301.76 ▼ 2.25% OMA AIRPORT 103.21 ▼ 1.38% AMX ADR 26.14 ▼ 0.72% FEMSA ADR 121.28 ▼ 0.10% CEMEX ADR 12.56 ▼ 0.24% PETROBRAS ADR 19.90 ▼ 0.65% VALE ADR 16.48 ▲ 0.06% ITAU ADR 7.82 ▼ 2.25% SANTANDER BR 5.39 ▼ 3.06% AMBEV ADR 3.20 ▼ 2.14% CSN 1.35 ▲ 5.47% GERDAU 4.75 ▲ 1.06% LATAM ADR 49.89 ▼ 2.06% BTC 76,824 ▼ 0.59% ETH 2,107 ▼ 0.19% SOL 84.96 ▼ 0.06% XRP 1.35 ▼ 0.27% BNB 658.35 ▼ 0.60% ADA 0.24 — 0.00% DOGE 0.10 ▼ 0.49% AVAX 9.34 ▲ 0.40% LINK 9.52 ▲ 0.27% DOT 1.28 ▲ 1.17% LTC 52.57 ▼ 0.16% BCH 352.73 ▲ 0.40% TRX 0.37 ▲ 0.16% XLM 0.15 ▼ 0.11% HBAR 0.09 ▼ 0.19% NEAR 2.76 ▼ 0.65% ATOM 2.18 ▲ 2.31% AAVE 87.44 ▲ 1.32% SELIC 14.50% EMBRAER 73.28 ▲ 1.31% EMBRAER ADR 57.58 ▲ 1.88% JBS 13.21 ▼ 0.53% JBS BDR 66.45 ▲ 0.32% MBRF3 16.24 ▼ 2.17% MBRFY 3.34 ▲ 0.30% INTER 6.16 ▼ 3.75% IBOV 177,816 ▲ 0.91% IPSA 10,826 ▲ 2.48% IPC MEX 68,261 ▼ 0.11% MERVAL 2,846,220 ▼ 1.08% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.02 ▼ 0.00% USD/MXN 17.30 ▲ 0.11% USD/CLP 893.70 ▼ 0.20% USD/COP 3,632 ▼ 1.31% USD/PEN 3.40 ▼ 0.37% USD/ARS 1,399 ▼ 0.14% USD/UYU 39.96 ▲ 1.49% USD/PYG 6,158 ▲ 1.55% USD/BOB 6.86 ▲ 2.19% USD/DOP 58.65 ▲ 1.05% USD/CRC 449.07 ▼ 0.64% USD/GTQ 7.62 ▲ 2.56% USD/HNL 26.62 ▲ 2.06% USD/NIO 36.62 ▲ 1.03% USD/VES 534.05 ▲ 0.79% USD/PAB 1.00 ▲ 2.57% USD/BZD 2.00 ▲ 2.00% USD/JMD 156.59 ▲ 0.54% USD/TTD 6.72 ▲ 1.24% EUR/BRL 5.84 ▼ 0.07% BRENT 96.10 ▼ 7.19% WTI 92.42 ▼ 4.33% IRON ORE 161.91 — — COPPER 6.37 ▲ 0.49% GOLD 4,526 ▲ 0.11% SILVER 76.32 ▲ 0.56% SOY 1,189 ▼ 0.63% CORN 460.25 ▼ 0.65% WHEAT 641.75 ▼ 0.70% COFFEE 270.70 ▼ 0.61% SUGAR 14.54 ▼ 1.09% ORANGE JUICE 166.80 ▲ 0.12% COTTON 78.14 ▲ 0.93% COCOA 3,960 ▲ 4.32% BEEF 239.60 ▼ 3.83% CATTLE 349.85 ▼ 5.22% LITHIUM 85.28 ▲ 1.07% PETR4 43.40 ▼ 2.43% VALE3 83.59 ▲ 0.59% ITUB4 40.32 ▲ 2.26% BBDC4 18.07 ▲ 2.55% ABEV3 16.40 ▲ 1.86% BBAS3 21.65 ▲ 3.39% B3SA3 17.26 ▲ 3.60% WEGE3 43.31 ▲ 1.36% PRIO3 64.31 ▼ 5.98% SUZB3 41.41 ▼ 0.70% RENT3 44.90 ▲ 3.58% AZZA3 20.89 ▲ 0.82% CSAN3 4.39 ▲ 2.33% RAIZ4 0.41 ▲ 5.13% PCAR3 2.07 ▼ 0.48% GMAT3 4.45 ▲ 1.37% PSSA3 49.24 ▲ 0.14% CVCB3 1.78 ▲ 0.57% POSI3 4.10 ▲ 0.99% SLCE3 16.22 ▲ 0.93% NATU3 10.53 ▲ 4.26% BRKM5 12.40 ▲ 3.59% RANI3 8.03 ▼ 0.62% CSNA3 6.72 ▼ 0.15% CMIN3 4.49 ▲ 0.22% USIM5 10.02 ▼ 3.19% GGBR4 24.18 ▲ 0.71% ENEV3 25.22 ▲ 1.04% NEOE3 33.80 — 0.00% CPFE3 43.30 ▼ 0.02% CMIG4 11.27 ▲ 0.45% EQTL3 38.50 ▲ 2.20% LREN3 15.41 ▲ 2.26% VIVT3 33.54 ▼ 0.05% RAIL3 14.36 ▲ 1.06% KLABIN 16.55 ▲ 0.55% RAIA DROGASIL 18.48 ▲ 1.59% RDOR3 34.51 ▲ 1.29% HAPV3 12.40 ▲ 2.90% FLRY3 15.92 ▲ 1.47% SMTO3 17.31 ▼ 1.65% UGPA3 28.44 ▼ 0.91% VBBR3 32.28 ▼ 1.44% BBSE3 34.62 ▲ 0.44% BPAC11 55.90 ▲ 3.65% CURY3 31.88 ▲ 4.42% AERI3 2.35 ▼ 2.08% VIVARA 22.73 ▲ 2.43% COMPASS 27.26 ▲ 1.34% VAMOS 3.37 ▲ 3.69% SANB11 27.64 ▲ 1.99% ASAI3 9.12 ▲ 8.06% SBSP3 29.10 ▲ 2.25% WALMEX 55.26 ▼ 0.52% GMEXICO 206.26 ▲ 0.59% FEMSA 210.75 ▲ 0.33% CEMEX 22.08 ▲ 1.28% GFNORTE 189.00 ▼ 0.92% BIMBO 57.81 ▼ 0.41% TELEVISA 9.65 ▼ 1.13% AMX 22.25 ▼ 2.15% GAP 426.00 ▲ 2.19% ASUR 301.76 ▼ 2.25% OMA 227.49 ▲ 2.33% KOF 187.98 ▲ 1.45% GRUMA 295.61 ▲ 0.96% KIMBER 37.65 ▲ 0.08% SQM-B 73,510 ▲ 2.17% COPEC 6,420 ▲ 0.32% BSANTANDER 71.58 ▲ 1.97% FALABELLA 5,929 ▲ 3.67% ENELAM 78.50 ▲ 1.95% CENCOSUD 2,200 ▲ 3.97% CMPC 1,145 ▲ 4.57% BANCO CHILE 172.21 ▲ 1.90% LATAM AIR 23.75 ▲ 5.14% YPF 71,025 — 0.00% GGAL 6,455 — 0.00% PAMPA 4,783 — 0.00% TXAR 634.00 — 0.00% ALUAR 938.50 — 0.00% TGS 8,685 — 0.00% CEPU 2,077 — 0.00% MIRGOR 16,350 — 0.00% COME 43.70 — 0.00% LOMA NEGRA 3,278 — 0.00% BYMA 285.25 — 0.00% TELECOM ARG 3,493 — 0.00% ECOPETROL 13.85 ▼ 0.07% BANCOLOMBIA 65.88 ▼ 0.66% GRUPO AVAL 4.23 ▼ 0.70% CREDICORP 334.30 ▼ 2.82% SOUTHERN COPPER 179.67 ▲ 0.31% BUENAVENTURA 33.46 ▼ 0.74% MERCADOLIBRE 1,664 ▼ 0.80% NUBANK 12.73 ▼ 3.27% XP 16.82 ▼ 6.14% PAGSEGURO 9.14 ▼ 1.93% STONE 11.00 ▼ 0.90% GLOBANT 40.13 ▼ 1.23% TECNOGLASS 41.16 ▼ 0.10% GAP AIRPORT 240.40 ▼ 1.52% ASUR 301.76 ▼ 2.25% OMA AIRPORT 103.21 ▼ 1.38% AMX ADR 26.14 ▼ 0.72% FEMSA ADR 121.28 ▼ 0.10% CEMEX ADR 12.56 ▼ 0.24% PETROBRAS ADR 19.90 ▼ 0.65% VALE ADR 16.48 ▲ 0.06% ITAU ADR 7.82 ▼ 2.25% SANTANDER BR 5.39 ▼ 3.06% AMBEV ADR 3.20 ▼ 2.14% CSN 1.35 ▲ 5.47% GERDAU 4.75 ▲ 1.06% LATAM ADR 49.89 ▼ 2.06% BTC 76,824 ▼ 0.59% ETH 2,107 ▼ 0.19% SOL 84.96 ▼ 0.06% XRP 1.35 ▼ 0.27% BNB 658.35 ▼ 0.60% ADA 0.24 — 0.00% DOGE 0.10 ▼ 0.49% AVAX 9.34 ▲ 0.40% LINK 9.52 ▲ 0.27% DOT 1.28 ▲ 1.17% LTC 52.57 ▼ 0.16% BCH 352.73 ▲ 0.40% TRX 0.37 ▲ 0.16% XLM 0.15 ▼ 0.11% HBAR 0.09 ▼ 0.19% NEAR 2.76 ▼ 0.65% ATOM 2.18 ▲ 2.31% AAVE 87.44 ▲ 1.32% SELIC 14.50% EMBRAER 73.28 ▲ 1.31% EMBRAER ADR 57.58 ▲ 1.88% JBS 13.21 ▼ 0.53% JBS BDR 66.45 ▲ 0.32% MBRF3 16.24 ▼ 2.17% MBRFY 3.34 ▲ 0.30% INTER 6.16 ▼ 3.75%
since 2009
Tuesday, May 26, 2026

Brazil Analysis

Brazil Excludes OECD from G20 Summit, Raises Questions

By · November 14, 2024 · 2 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

(Analysis) Brazil’s decision to exclude the Organization for Economic Cooperation and Development (OECD) from the upcoming G20 summit in Rio de Janeiro marks a departure from established diplomatic norms. This move has raised eyebrows in international circles, given Brazil’s status as a candidate for OECD membership and its historically close ties with the organization.

The Lula administration’s choice to omit the OECD from the guest list of 16 international organizations reflects a potential shift in Brazil’s foreign policy priorities. While the rotating G20 presidency allows for flexibility in invitations, this exclusion stands out as unusual and potentially significant.

Brazil’s candidacy for OECD membership, though still officially active, has seen little progress since President Lula’s return to office. Some government sectors express concerns about potential constraints on public policy options that OECD membership might impose. However, it’s worth noting that OECD directives are not binding but rather serve as recommendations.

Brazil Excludes OECD from G20 Summit, Raises Questions. (Photo Internet reproduction)
Brazil Excludes OECD from G20 Summit, Raises Questions. (Photo Internet reproduction)

The OECD’s agenda encompasses various issues including democracy, gender equity, employment practices, education, anti-corruption efforts, and progressive taxation. These align with goals recognized by parts of the Brazilian government and private sector. Despite this, the current administration appears to be distancing itself from the organization.

This decision may reflect a broader geopolitical stance, possibly emphasizing a North-South divide. The OECD, with its 38 members including major developed nations and Latin American countries like Mexico, Chile, Colombia, and Costa Rica, is sometimes perceived as U.S.-dominated.

Brazil Excludes OECD from G20 Summit, Raises Questions

The exclusion of the OECD from the G20 summit contrasts with President Lula’s rhetoric on international cooperation and integration. It may send mixed signals about Brazil’s commitment to engaging with diverse global institutions during increasingly turbulent times.

Interestingly, other countries continue to pursue OECD membership. Argentina has moved ahead in the queue, while Peru, Thailand, and Indonesia are actively seeking to join. Thailand, in particular, is balancing its interests between BRICS and the OECD to expand its international presence.

The future of Brazil’s OECD aspirations remains uncertain. The potential return of Donald Trump to the White House could further complicate Brazil’s path to membership, as the U.S. has previously favored Argentina’s candidacy.

Despite efforts by the OECD leadership to secure an invitation to the Rio summit, Brazil has maintained its position. The Brazilian foreign ministry cites a preference for organizations with a majority of developing countries or universal character among the 16 invited entities.

These include institutions like the World Bank, International Monetary Fund, BRICS Bank (led by former President Dilma Rousseff), and various UN agencies. The decision reflects Brazil’s current foreign policy priorities and its vision for international cooperation.

 

Read More from The Rio Times

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.