IBOV 175,664.62 ▲ 0.30% IPSA 11,445.90 ▼ 0.22% IPC MEX 65,484.32 ▼ 0.53% MERVAL 2,979,472 ▼ 0.72% COLCAP 2,457.87 ▼ 1.28% BVL PERÚ 60,779.49 ▼ 1.40% USD/BRL5.19▼ 0.16% USD/MXN17.02▼ 0.09% USD/CLP930.58— 0.00% USD/COP3,200▲ 1.19% USD/PEN3.36▲ 0.39% USD/ARS1,512▼ 0.03% USD/UYU40.27▲ 1.47% USD/PYG5,900▲ 1.27% USD/BOB11.78▲ 3.30% USD/DOP58.61▲ 0.96% USD/CRC446.65▲ 0.97% USD/GTQ7.62▲ 2.20% USD/HNL26.84▲ 0.40% USD/NIO36.62— 0.00% USD/VES793.00▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.72▲ 0.84% EUR/BRL6.01▲ 0.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 175,664.62 ▲ 0.30% IPSA 11,445.90 ▼ 0.22% IPC MEX 65,484.32 ▼ 0.53% MERVAL 2,979,472 ▼ 0.72% COLCAP 2,457.87 ▼ 1.28% BVL PERÚ 60,779.49 ▼ 1.40% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Monday, August 31, 2026

Brazil Holds Back as Paraguay and Argentina Join Trump’s Peace Council

By · January 22, 2026 · 2 min read

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Key Points

  1. Paraguay and Argentina signed on in Davos as founding members of Trump’s new “Board of Peace.”
  2. Brazil is reviewing the charter and consulting partners before deciding whether to join.
  3. Funding and governance rules, plus European hesitation, are driving early legitimacy questions.

Paraguay’s President Santiago Peña and Argentina’s President Javier Milei used Davos on January 22, 2026, to claim early influence in a U.S.-chaired “Board of Peace,” unveiled by President Donald Trump at the World Economic Forum.

Around 20 countries were listed as signatories at launch. Peña and Milei promoted the move through official statements and on X, Facebook, and Instagram, with clips spreading via reposts.

The initiative was first framed as a tool to help end the war in Gaza and support reconstruction. Yet the charter text published in full in recent reporting does not mention Gaza.

Brazil Holds Back as Paraguay and Argentina Join Trump’s Peace Council
Brazil Holds Back as Paraguay and Argentina Join Trump’s Peace Council. (Photo Internet reproduction)
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It sets a broader conflict-mediation mission and gives the chairman wide discretion over agendas and invitations. The rules also bake money into status.

Membership terms run three years. A route to permanent status is tied to a $1 billion cash contribution in the first year, a design supporters call operational and critics call pay-to-stay.

Brazil weighs joining U.S.-led council

Europe’s caution is reinforcing the debate. Italy has said it will not participate, citing constitutional concerns about joining a body chaired by a single leader rather than a conventional multilateral structure.

The launch also produced confusion over Russia. Trump said Vladimir Putin had accepted an invitation. Putin later said Moscow was still studying it.

Brazil’s response has been slower. Lula’s team has described a careful review of the document, with no final decision.

He has also consulted partners, including a phone call with Turkey’s President Recep Tayyip Erdoğan, as Brazil weighs how any expanded role would interact with U.N. channels.

One legal reading keeps any clearly defined, U.N.-recognized mandate focused on Gaza through December 31, 2027. Anything broader would depend on state consent and, often, Security Council politics.

For Mercosur, the contrast is immediate. Paraguay and Argentina are betting that closeness to Washington can deliver access and practical gains. Brazil is betting that restraint preserves flexibility, even if it yields first-mover advantage.

Related coverage: Brazil’s Morning Call | Flávio Bolsonaro Targets Brazil’s Northeast to Challenge Lul This is part of The Rio Times’ daily coverage of Brazil affairs and Latin American financial news.

Key Facts

Deep Dive

For the complete picture, read our in-depth guide: Paraguay: Washington's Most Valued Ally in Latin America

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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