IBOV 176,775.39 ▲ 0.82% IPSA 10,876.72 ▼ 0.80% IPC MEX 67,183.26 ▲ 1.20% MERVAL 3,251,227 ▼ 1.64% COLCAP 2,275.16 ▼ 0.34% BVL PERÚ 57,237.60 — — USD/BRL5.12▲ 0.01% USD/MXN17.42▼ 0.18% USD/CLP934.85▼ 0.53% USD/COP3,206▼ 0.33% USD/PEN3.40▼ 0.04% USD/ARS1,500▲ 0.17% USD/UYU40.20▲ 1.42% USD/PYG6,020▲ 1.46% USD/BOB11.30▲ 3.36% USD/DOP57.82▲ 0.47% USD/CRC449.99▲ 1.60% USD/GTQ7.62▲ 2.22% USD/HNL26.76▲ 1.54% USD/NIO36.62▲ 0.69% USD/VES740.95▼ 0.05% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.17▲ 0.06% USD/TTD6.75▲ 1.25% EUR/BRL5.83▲ 0.81% BRENT 86.59 ▼ 2.00% WTI 81.45 ▼ 1.40% IRON ORE 161.91 — — COPPER 6.33 ▼ 0.11% GOLD 4,024 ▼ 1.24% SILVER 57.19 ▼ 2.19% SOY 1,217 ▲ 0.72% CORN 480.25 ▲ 6.31% WHEAT 662.25 ▲ 0.34% COFFEE 337.00 ▲ 3.84% SUGAR 14.58 — 0.00% ORANGE JUICE 136.35 ▼ 3.61% COTTON 79.91 ▲ 0.72% COCOA 5,062 ▼ 0.75% BEEF 221.33 ▼ 1.73% CATTLE 339.03 ▲ 0.23% LITHIUM 66.73 ▼ 2.78% PETR4 41.61 ▲ 1.46% VALE3 75.10 ▼ 0.78% ITUB4 42.82 ▲ 0.30% BBDC4 18.87 ▲ 0.86% ABEV3 16.29 ▲ 2.71% BBAS3 20.76 ▲ 1.27% B3SA3 16.01 ▲ 1.84% WEGE3 46.61 ▲ 0.45% PRIO3 56.67 ▲ 1.72% SUZB3 43.18 ▲ 3.13% RENT3 38.35 ▲ 1.67% AZZA3 17.44 ▲ 1.93% CSAN3 3.99 ▲ 1.01% RAIZ4 0.26 — 0.00% PCAR3 2.77 ▲ 1.09% GMAT3 3.98 ▲ 3.92% PSSA3 54.94 ▲ 1.20% CVCB3 1.34 ▼ 1.47% POSI3 3.61 ▲ 2.56% SLCE3 13.32 ▼ 0.45% NATU3 8.50 ▲ 0.12% BRKM5 6.22 ▲ 2.30% RANI3 8.13 ▲ 2.52% CSNA3 5.68 ▼ 0.53% CMIN3 5.87 ▲ 1.21% USIM5 8.78 ▲ 1.97% GGBR4 25.15 ▲ 2.74% ENEV3 25.83 ▲ 1.41% CPFE3 46.13 ▲ 3.08% CMIG4 11.34 ▲ 1.52% EQTL3 39.43 ▲ 1.62% LREN3 14.05 ▲ 2.33% VIVT3 34.01 ▼ 5.82% RAIL3 14.15 ▲ 2.54% KLABIN 18.16 ▲ 2.71% RAIA DROGASIL 18.54 ▲ 2.04% RDOR3 34.15 ▲ 1.64% HAPV3 10.46 ▲ 2.65% FLRY3 17.02 ▲ 2.96% SMTO3 14.29 ▼ 2.59% UGPA3 32.48 ▲ 1.22% VBBR3 35.19 ▲ 2.00% BBSE3 40.92 ▲ 0.94% BPAC11 56.21 ▲ 1.19% CURY3 30.70 ▲ 1.02% AERI3 2.06 ▲ 0.49% VIVARA 22.74 ▲ 3.32% COMPASS 25.43 ▲ 0.51% VAMOS 3.34 ▲ 5.36% SANB11 27.87 ▲ 1.86% ASAI3 8.40 ▲ 3.58% SBSP3 29.06 ▲ 0.66% WALMEX 49.26 ▲ 1.78% GMEXICO 207.89 ▼ 0.77% FEMSA 232.84 ▲ 0.79% CEMEX 21.37 — 0.00% GFNORTE 199.21 ▲ 1.42% BIMBO 61.44 ▲ 3.94% TELEVISA 10.13 ▲ 2.53% AMX 22.82 ▲ 1.60% GAP 387.02 ▲ 3.04% ASUR 275.15 ▲ 2.45% OMA 239.95 ▲ 4.90% KOF 193.38 ▲ 1.95% GRUMA 272.62 ▲ 1.52% KIMBER 41.07 ▲ 2.93% SQM-B 62,650 ▼ 3.09% COPEC 6,309 ▲ 0.96% BSANTANDER 80.07 ▼ 0.87% FALABELLA 6,127 ▼ 0.46% ENELAM 85.93 ▲ 0.05% CENCOSUD 1,885 ▼ 1.57% CMPC 1,032 ▼ 0.77% BANCO CHILE 190.45 ▼ 1.45% LATAM AIR 24.33 ▼ 1.10% YPF 80,850 ▼ 0.46% GGAL 7,740 ▼ 2.76% PAMPA 5,425 ▼ 0.91% TXAR 666.00 ▼ 1.19% ALUAR 983.50 ▼ 0.10% TGS 9,520 ▼ 1.96% CEPU 2,341 ▼ 1.76% MIRGOR 16,625 ▼ 1.19% COME 42.08 ▼ 0.90% LOMA NEGRA 3,675 ▼ 0.88% BYMA 300.75 ▼ 0.66% TELECOM ARG 4,438 ▼ 1.17% ECOPETROL 15.46 ▼ 2.15% BANCOLOMBIA 89.13 ▲ 1.36% GRUPO AVAL 4.68 ▼ 2.90% CREDICORP 390.00 ▼ 0.25% SOUTHERN COPPER 174.30 ▼ 2.80% BUENAVENTURA 30.21 ▼ 4.76% MERCADOLIBRE 1,870 ▲ 2.78% NUBANK 14.73 ▲ 1.38% XP 16.91 ▲ 0.99% PAGSEGURO 9.47 ▲ 0.96% STONE 11.03 ▲ 1.24% GLOBANT 35.05 ▲ 7.38% TECNOGLASS 47.82 ▲ 5.38% GAP AIRPORT 222.22 ▲ 2.75% ASUR 275.15 ▲ 2.45% OMA AIRPORT 109.78 ▲ 4.75% AMX ADR 26.07 ▲ 1.44% FEMSA ADR 133.77 ▲ 1.23% CEMEX ADR 12.20 ▼ 0.04% PETROBRAS ADR 18.36 ▲ 1.97% VALE ADR 14.62 ▼ 1.08% ITAU ADR 8.37 ▼ 0.06% SANTANDER BR 5.55 ▲ 1.93% AMBEV ADR 3.16 ▲ 2.77% CSN 1.12 ▼ 0.45% GERDAU 4.95 ▲ 2.38% LATAM ADR 51.95 ▼ 0.69% BTC 63,382 ▼ 0.54% ETH 1,890 ▼ 0.06% SOL 73.60 ▼ 0.73% XRP 1.05 ▼ 1.00% BNB 569.22 ▲ 0.62% ADA 0.16 ▲ 0.56% DOGE 0.07 ▼ 0.23% AVAX 6.44 ▲ 0.69% LINK 8.29 ▼ 0.85% DOT 0.75 ▼ 0.44% LTC 46.21 ▲ 0.46% BCH 211.40 ▼ 0.15% TRX 0.32 ▼ 0.22% XLM 0.17 ▼ 0.77% HBAR 0.07 ▼ 0.38% NEAR 1.64 ▼ 2.58% ATOM 1.29 ▼ 0.55% AAVE 99.25 ▲ 1.43% SELIC 14.25% EMBRAER 87.23 ▲ 0.38% EMBRAER ADR 68.04 ▲ 0.07% JBS 14.08 ▲ 3.91% JBS BDR 71.76 ▲ 3.65% MBRF3 16.45 ▲ 3.52% MBRFY 3.16 ▲ 10.49% INTER 5.61 ▲ 0.81% EGX 53,730 ▲ 0.18% USD/ZAR 16.74 — 0.00% USD/NGN1,363▼ 0.09% NIKKEI 62,365 ▼ 3.95% CSI300 4,570 ▼ 2.83% HSI 25,311 ▲ 0.41% NIFTY 23,985 ▼ 0.04% KOSPI 6,024 ▼ 10.84% JCI 6,131 ▼ 0.89% USD/JPY163.74— 0.00% USD/CNY6.76▼ 0.10% DAX 25,394 ▲ 0.13% CAC 8,457 ▲ 0.61% FTSE 10,869 ▲ 0.81% MIB 51,616 ▼ 0.84% IBEX 19,719 ▼ 0.11% STOXX 646.28 ▲ 0.26% EUR/USD1.14▲ 0.26% GBP/USD 1.3292 — 0.00% SPX 7,410 ▼ 0.04% DJI 52,571 ▲ 0.69% NDX 27,656 ▼ 1.37% RUT 2,930 ▼ 0.63% TSX 35,570 ▲ 0.01% VIX 18.54 ▼ 0.70% USD/CAD1.41▼ 0.21% US10Y 4.6140 ▼ 0.58% IBOV 176,775.39 ▲ 0.82% IPSA 10,876.72 ▼ 0.80% IPC MEX 67,183.26 ▲ 1.20% MERVAL 3,251,227 ▼ 1.64% COLCAP 2,275.16 ▼ 0.34% BVL PERÚ 57,237.60 — — USD/BRL 5.12 ▲ 0.01% USD/MXN 17.42 ▼ 0.18% USD/CLP 934.88 ▼ 0.53% USD/COP 3,209 ▼ 0.25% USD/PEN 3.40 ▼ 0.04% USD/ARS 1,500 ▲ 0.17% USD/UYU 40.20 ▲ 1.42% USD/PYG 6,020 ▲ 1.46% USD/BOB 11.30 ▲ 3.36% USD/DOP 57.82 ▲ 0.47% USD/CRC 449.99 ▲ 1.60% USD/GTQ 7.62 ▲ 2.22% USD/HNL 26.76 ▲ 1.54% USD/NIO 36.62 ▲ 0.69% USD/VES 740.95 ▼ 0.05% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.17 ▲ 0.06% USD/TTD 6.75 ▲ 1.25% EUR/BRL 5.83 ▲ 0.80% BRENT 86.59 ▼ 2.00% WTI 81.45 ▼ 1.40% IRON ORE 161.91 — — COPPER 6.33 ▼ 0.11% GOLD 4,024 ▼ 1.24% SILVER 57.19 ▼ 2.19% SOY 1,217 ▲ 0.72% CORN 480.25 ▲ 6.31% WHEAT 662.25 ▲ 0.34% COFFEE 337.00 ▲ 3.84% SUGAR 14.58 — 0.00% ORANGE JUICE 136.35 ▼ 3.61% COTTON 79.91 ▲ 0.72% COCOA 5,062 ▼ 0.75% BEEF 221.33 ▼ 1.73% CATTLE 339.03 ▲ 0.23% LITHIUM 66.73 ▼ 2.78% PETR4 41.61 ▲ 1.46% VALE3 75.10 ▼ 0.78% ITUB4 42.82 ▲ 0.30% BBDC4 18.87 ▲ 0.86% ABEV3 16.29 ▲ 2.71% BBAS3 20.76 ▲ 1.27% B3SA3 16.01 ▲ 1.84% WEGE3 46.61 ▲ 0.45% PRIO3 56.67 ▲ 1.72% SUZB3 43.18 ▲ 3.13% RENT3 38.35 ▲ 1.67% AZZA3 17.44 ▲ 1.93% CSAN3 3.99 ▲ 1.01% RAIZ4 0.26 — 0.00% PCAR3 2.77 ▲ 1.09% GMAT3 3.98 ▲ 3.92% PSSA3 54.94 ▲ 1.20% CVCB3 1.34 ▼ 1.47% POSI3 3.61 ▲ 2.56% SLCE3 13.32 ▼ 0.45% NATU3 8.50 ▲ 0.12% BRKM5 6.22 ▲ 2.30% RANI3 8.13 ▲ 2.52% CSNA3 5.68 ▼ 0.53% CMIN3 5.87 ▲ 1.21% USIM5 8.78 ▲ 1.97% GGBR4 25.15 ▲ 2.74% ENEV3 25.83 ▲ 1.41% CPFE3 46.13 ▲ 3.08% CMIG4 11.34 ▲ 1.52% EQTL3 39.43 ▲ 1.62% LREN3 14.05 ▲ 2.33% VIVT3 34.01 ▼ 5.82% RAIL3 14.15 ▲ 2.54% KLABIN 18.16 ▲ 2.71% RAIA DROGASIL 18.54 ▲ 2.04% RDOR3 34.15 ▲ 1.64% HAPV3 10.46 ▲ 2.65% FLRY3 17.02 ▲ 2.96% SMTO3 14.29 ▼ 2.59% UGPA3 32.48 ▲ 1.22% VBBR3 35.19 ▲ 2.00% BBSE3 40.92 ▲ 0.94% BPAC11 56.21 ▲ 1.19% CURY3 30.70 ▲ 1.02% AERI3 2.06 ▲ 0.49% VIVARA 22.74 ▲ 3.32% COMPASS 25.43 ▲ 0.51% VAMOS 3.34 ▲ 5.36% SANB11 27.87 ▲ 1.86% ASAI3 8.40 ▲ 3.58% SBSP3 29.06 ▲ 0.66% WALMEX 49.26 ▲ 1.78% GMEXICO 207.89 ▼ 0.77% FEMSA 232.84 ▲ 0.79% CEMEX 21.37 — 0.00% GFNORTE 199.21 ▲ 1.42% BIMBO 61.44 ▲ 3.94% TELEVISA 10.13 ▲ 2.53% AMX 22.82 ▲ 1.60% GAP 387.02 ▲ 3.04% ASUR 275.15 ▲ 2.45% OMA 239.95 ▲ 4.90% KOF 193.38 ▲ 1.95% GRUMA 272.62 ▲ 1.52% KIMBER 41.07 ▲ 2.93% SQM-B 62,650 ▼ 3.09% COPEC 6,309 ▲ 0.96% BSANTANDER 80.07 ▼ 0.87% FALABELLA 6,127 ▼ 0.46% ENELAM 85.93 ▲ 0.05% CENCOSUD 1,885 ▼ 1.57% CMPC 1,032 ▼ 0.77% BANCO CHILE 190.45 ▼ 1.45% LATAM AIR 24.33 ▼ 1.10% YPF 80,850 ▼ 0.46% GGAL 7,740 ▼ 2.76% PAMPA 5,425 ▼ 0.91% TXAR 666.00 ▼ 1.19% ALUAR 983.50 ▼ 0.10% TGS 9,520 ▼ 1.96% CEPU 2,341 ▼ 1.76% MIRGOR 16,625 ▼ 1.19% COME 42.08 ▼ 0.90% LOMA NEGRA 3,675 ▼ 0.88% BYMA 300.75 ▼ 0.66% TELECOM ARG 4,438 ▼ 1.17% ECOPETROL 15.46 ▼ 2.15% BANCOLOMBIA 89.13 ▲ 1.36% GRUPO AVAL 4.68 ▼ 2.90% CREDICORP 390.00 ▼ 0.25% SOUTHERN COPPER 174.30 ▼ 2.80% BUENAVENTURA 30.21 ▼ 4.76% MERCADOLIBRE 1,870 ▲ 2.78% NUBANK 14.73 ▲ 1.38% XP 16.91 ▲ 0.99% PAGSEGURO 9.47 ▲ 0.96% STONE 11.03 ▲ 1.24% GLOBANT 35.05 ▲ 7.38% TECNOGLASS 47.82 ▲ 5.38% GAP AIRPORT 222.22 ▲ 2.75% ASUR 275.15 ▲ 2.45% OMA AIRPORT 109.78 ▲ 4.75% AMX ADR 26.07 ▲ 1.44% FEMSA ADR 133.77 ▲ 1.23% CEMEX ADR 12.20 ▼ 0.04% PETROBRAS ADR 18.36 ▲ 1.97% VALE ADR 14.62 ▼ 1.08% ITAU ADR 8.37 ▼ 0.06% SANTANDER BR 5.55 ▲ 1.93% AMBEV ADR 3.16 ▲ 2.77% CSN 1.12 ▼ 0.45% GERDAU 4.95 ▲ 2.38% LATAM ADR 51.95 ▼ 0.69% BTC 63,382 ▼ 0.54% ETH 1,890 ▼ 0.06% SOL 73.60 ▼ 0.73% XRP 1.05 ▼ 1.00% BNB 569.22 ▲ 0.62% ADA 0.16 ▲ 0.56% DOGE 0.07 ▼ 0.23% AVAX 6.44 ▲ 0.69% LINK 8.29 ▼ 0.85% DOT 0.75 ▼ 0.44% LTC 46.21 ▲ 0.46% BCH 211.40 ▼ 0.15% TRX 0.32 ▼ 0.22% XLM 0.17 ▼ 0.77% HBAR 0.07 ▼ 0.38% NEAR 1.64 ▼ 2.58% ATOM 1.29 ▼ 0.55% AAVE 99.25 ▲ 1.43% SELIC 14.25% EMBRAER 87.23 ▲ 0.38% EMBRAER ADR 68.04 ▲ 0.07% JBS 14.08 ▲ 3.91% JBS BDR 71.76 ▲ 3.65% MBRF3 16.45 ▲ 3.52% MBRFY 3.16 ▲ 10.49% INTER 5.61 ▲ 0.81% EGX 53,730 ▲ 0.18% USD/ZAR 16.74 — 0.00% USD/NGN 1,363 ▲ 0.16% NIKKEI 62,365 ▼ 3.95% CSI300 4,570 ▼ 2.83% HSI 25,311 ▲ 0.41% NIFTY 23,985 ▼ 0.04% KOSPI 6,024 ▼ 10.84% JCI 6,131 ▼ 0.89% USD/JPY 163.86 ▲ 0.10% USD/CNY 6.7597 ▲ 0.08% DAX 25,394 ▲ 0.13% CAC 8,457 ▲ 0.61% FTSE 10,869 ▲ 0.81% MIB 51,616 ▼ 0.84% IBEX 19,719 ▼ 0.11% STOXX 646.28 ▲ 0.26% EUR/USD 1.1390 ▲ 0.13% GBP/USD 1.3292 — 0.00% SPX 7,410 ▼ 0.04% DJI 52,571 ▲ 0.69% NDX 27,656 ▼ 1.37% RUT 2,930 ▼ 0.63% TSX 35,570 ▲ 0.01% VIX 18.54 ▼ 0.70% USD/CAD 1.4105 ▼ 0.11% US10Y 4.6140 ▼ 0.58%
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Tuesday, July 28, 2026

Brazil Analysis

Brazil Excludes OECD from G20 Summit, Raises Questions

By · November 14, 2024 · 2 min read

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(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)
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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.

 

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