IBOV 168,334 ▲ 0.03% IPSA 10,888 ▲ 0.47% IPC MEX 67,705 ▼ 0.82% MERVAL 3,291,322 ▼ 1.26% COLCAP 2,502.96 ▲ 4.02% BVL PERÚ 57,309.08 ▲ 1.03% USD/BRL5.14▼ 0.20% USD/MXN17.34▲ 0.03% USD/CLP903.15▲ 0.19% USD/COP 3,436 — 0.00% USD/PEN3.38▼ 0.04% USD/ARS1,463▼ 0.03% USD/UYU39.97▲ 0.72% USD/PYG6,069▲ 1.51% USD/BOB6.86▲ 1.80% USD/DOP58.33▲ 0.14% USD/CRC450.55▲ 2.15% USD/GTQ7.62▲ 2.27% USD/HNL26.67▲ 1.34% USD/NIO 36.62 — 0.00% USD/VES610.90▲ 4.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 0.41% USD/TTD6.70▲ 0.56% EUR/BRL5.89▼ 0.64% BRENT 80.59 ▲ 0.93% WTI 76.54 ▼ 0.08% IRON ORE 161.91 — — COPPER 6.34 ▼ 0.59% GOLD 4,173 ▼ 1.21% SILVER 64.91 ▼ 2.03% SOY 1,142 ▲ 0.88% CORN 444.25 ▲ 5.52% WHEAT 613.25 ▲ 0.08% COFFEE 256.10 ▼ 7.83% SUGAR 14.14 ▲ 2.09% ORANGE JUICE 158.20 ▲ 6.28% COTTON 79.33 ▲ 3.16% COCOA 4,362 ▲ 5.26% BEEF 246.75 ▼ 3.51% CATTLE 366.93 ▼ 0.14% LITHIUM 82.15 ▼ 1.11% PETR4 38.80 ▼ 0.13% VALE3 80.75 ▲ 1.01% ITUB4 39.87 ▼ 0.64% BBDC4 17.47 — 0.00% ABEV3 16.05 ▼ 1.05% BBAS3 19.42 ▼ 0.56% B3SA3 14.41 ▲ 0.56% WEGE3 45.16 ▼ 1.42% PRIO3 57.20 ▲ 0.40% SUZB3 43.23 ▼ 0.80% RENT3 40.12 ▲ 0.07% AZZA3 17.56 ▲ 8.33% CSAN3 3.49 ▲ 2.65% RAIZ4 0.42 ▲ 5.00% PCAR3 2.03 ▲ 12.78% GMAT3 3.90 ▲ 1.83% PSSA3 52.50 ▲ 0.04% CVCB3 1.22 ▼ 1.61% POSI3 4.00 ▲ 5.54% SLCE3 13.60 ▲ 0.44% NATU3 7.50 ▲ 0.94% BRKM5 7.50 ▼ 0.13% RANI3 7.90 ▲ 0.51% CSNA3 5.26 ▲ 1.54% CMIN3 4.32 ▲ 2.61% USIM5 9.17 ▲ 0.77% GGBR4 21.66 ▲ 0.05% ENEV3 24.49 ▲ 1.62% NEOE3 33.80 — 0.00% CPFE3 43.88 ▼ 0.30% CMIG4 10.68 ▼ 0.37% EQTL3 37.05 ▲ 0.52% LREN3 14.29 ▲ 2.14% VIVT3 32.46 ▼ 0.67% RAIL3 12.45 ▲ 0.97% KLABIN 17.13 ▼ 0.58% RAIA DROGASIL 16.25 ▼ 1.81% RDOR3 33.60 ▲ 1.05% HAPV3 10.31 ▼ 2.55% FLRY3 14.93 ▲ 0.67% SMTO3 14.93 ▼ 0.27% UGPA3 25.10 ▲ 1.09% VBBR3 28.80 ▲ 0.73% BBSE3 38.90 ▼ 1.37% BPAC11 50.64 ▼ 0.41% CURY3 33.27 ▲ 1.68% AERI3 2.24 ▼ 0.44% VIVARA 20.85 ▼ 1.00% COMPASS 24.28 ▼ 1.70% VAMOS 2.68 ▼ 1.11% SANB11 26.88 ▲ 0.60% ASAI3 7.65 ▼ 0.39% SBSP3 26.96 ▲ 0.22% WALMEX 50.96 ▲ 1.33% GMEXICO 207.50 ▼ 3.34% FEMSA 217.40 ▼ 0.87% CEMEX 21.52 ▼ 3.15% GFNORTE 189.48 ▼ 1.07% BIMBO 58.92 ▲ 3.33% TELEVISA 10.05 ▼ 4.19% AMX 23.61 ▲ 2.74% GAP 436.88 ▼ 0.71% ASUR 308.21 ▲ 2.26% OMA 238.13 ▼ 3.57% KOF 181.26 ▼ 4.57% GRUMA 287.07 ▼ 0.56% KIMBER 38.37 ▲ 3.84% SQM-B 73,200 ▲ 1.74% COPEC 5,860 ▼ 0.02% BSANTANDER 74.00 ▲ 0.41% FALABELLA 6,065 ▼ 0.56% ENELAM 82.51 ▲ 9.58% CENCOSUD 2,116 ▼ 2.06% CMPC 1,041 ▼ 1.32% BANCO CHILE 180.01 ▼ 1.35% LATAM AIR 25.25 ▲ 0.52% YPF 76,425 ▲ 0.39% GGAL 8,260 ▼ 2.82% PAMPA 5,190 ▼ 0.57% TXAR 674.50 ▼ 0.88% ALUAR 1,000 ▼ 0.99% TGS 9,730 ▲ 2.21% CEPU 2,393 ▲ 1.36% MIRGOR 16,850 ▲ 0.15% COME 45.48 ▼ 0.70% LOMA NEGRA 3,550 ▼ 0.91% BYMA 318.00 ▼ 2.00% TELECOM ARG 4,165 ▼ 0.77% ECOPETROL 16.58 ▲ 5.81% BANCOLOMBIA 81.45 ▲ 1.89% GRUPO AVAL 5.75 ▲ 3.05% CREDICORP 382.76 ▼ 1.08% SOUTHERN COPPER 192.93 ▲ 0.65% BUENAVENTURA 32.58 ▼ 4.85% MERCADOLIBRE 1,635 ▲ 0.20% NUBANK 12.71 ▼ 1.40% XP 15.30 ▼ 0.78% PAGSEGURO 8.82 ▼ 1.01% STONE 10.59 ▼ 1.67% GLOBANT 30.74 ▼ 11.18% TECNOGLASS 45.97 ▲ 1.86% GAP AIRPORT 254.31 ▲ 2.30% ASUR 308.21 ▲ 2.26% OMA AIRPORT 114.00 ▲ 2.21% AMX ADR 26.46 ▲ 0.04% FEMSA ADR 126.47 ▲ 0.72% CEMEX ADR 12.73 ▲ 1.03% PETROBRAS ADR 16.75 ▼ 0.24% VALE ADR 15.42 ▼ 0.71% ITAU ADR 7.79 ▼ 2.26% SANTANDER BR 5.20 ▼ 3.17% AMBEV ADR 3.12 ▼ 0.64% CSN 1.03 ▼ 8.04% GERDAU 4.17 ▼ 7.13% LATAM ADR 55.85 ▲ 2.40% BTC 63,696 ▼ 0.85% ETH 1,715 ▼ 1.42% SOL 72.81 ▼ 0.50% XRP 1.13 ▼ 1.45% BNB 586.85 ▼ 0.13% ADA 0.16 ▼ 2.38% DOGE 0.08 ▼ 1.11% AVAX 6.16 ▼ 1.18% LINK 7.84 ▼ 1.73% DOT 0.95 ▼ 2.18% LTC 44.82 ▲ 0.74% BCH 196.05 ▼ 1.88% TRX 0.33 ▲ 0.31% XLM 0.21 ▼ 2.06% HBAR 0.08 ▼ 1.92% NEAR 2.11 ▼ 3.48% ATOM 1.76 ▼ 2.40% AAVE 74.06 ▼ 2.65% SELIC 14.25% EMBRAER 79.20 ▲ 0.41% EMBRAER ADR 60.70 ▼ 0.99% JBS 11.93 ▼ 2.37% JBS BDR 59.52 ▼ 3.72% MBRF3 15.28 ▼ 1.10% MBRFY 2.96 — 0.00% INTER 5.44 ▼ 2.16% EGX 52,679 ▲ 1.21% USD/ZAR16.48▲ 0.42% USD/NGN 1,358 — 0.00% NIKKEI 71,250 ▲ 0.28% CSI300 4,942 ▲ 0.21% HSI 23,925 ▼ 1.59% NIFTY 24,013 ▼ 0.64% KOSPI 9,052 ▼ 0.13% JCI 6,177 ▲ 0.08% USD/JPY161.25▼ 0.03% USD/CNY 6.7681 — 0.00% DAX 24,986 ▼ 0.16% CAC 8,421 ▼ 0.55% FTSE 10,363 ▼ 0.35% MIB 52,849 ▲ 0.31% IBEX 19,347 ▼ 0.29% STOXX 635.61 ▼ 0.24% EUR/USD1.15▼ 0.05% GBP/USD1.32▼ 0.32% SPX 7,501 ▲ 1.08% DJI 51,565 ▲ 0.14% NDX 30,406 ▲ 2.48% RUT 2,980 ▲ 2.12% TSX 34,857 ▼ 0.32% VIX 16.78 ▲ 2.32% USD/CAD1.42▲ 0.04% US10Y 4.4510 — 0.00% IBOV 168,334 ▲ 0.03% IPSA 10,888 ▲ 0.47% IPC MEX 67,705 ▼ 0.82% MERVAL 3,291,322 ▼ 1.26% COLCAP 2,502.96 ▲ 4.02% BVL PERÚ 57,309.08 ▲ 1.03% USD/BRL 5.14 ▼ 0.20% USD/MXN 17.34 ▲ 0.03% USD/CLP 903.15 ▲ 0.19% USD/COP 3,436 — 0.00% USD/PEN 3.38 ▼ 0.04% USD/ARS 1,463 ▼ 0.03% USD/UYU 39.97 ▲ 0.72% USD/PYG 6,069 ▲ 1.51% USD/BOB 6.86 ▲ 1.80% USD/DOP 58.33 ▲ 0.14% USD/CRC 450.55 ▲ 2.15% USD/GTQ 7.62 ▲ 2.27% USD/HNL 26.67 ▲ 1.34% USD/NIO 36.62 — 0.00% USD/VES 610.90 ▲ 4.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 0.41% USD/TTD 6.70 ▲ 0.56% EUR/BRL 5.89 ▼ 0.64% BRENT 80.59 ▲ 0.93% WTI 76.54 ▼ 0.08% IRON ORE 161.91 — — COPPER 6.34 ▼ 0.59% GOLD 4,173 ▼ 1.21% SILVER 64.91 ▼ 2.03% SOY 1,142 ▲ 0.88% CORN 444.25 ▲ 5.52% WHEAT 613.25 ▲ 0.08% COFFEE 256.10 ▼ 7.83% SUGAR 14.14 ▲ 2.09% ORANGE JUICE 158.20 ▲ 6.28% COTTON 79.33 ▲ 3.16% COCOA 4,362 ▲ 5.26% BEEF 246.75 ▼ 3.51% CATTLE 366.93 ▼ 0.14% LITHIUM 82.15 ▼ 1.11% PETR4 38.80 ▼ 0.13% VALE3 80.75 ▲ 1.01% ITUB4 39.87 ▼ 0.64% BBDC4 17.47 — 0.00% ABEV3 16.05 ▼ 1.05% BBAS3 19.42 ▼ 0.56% B3SA3 14.41 ▲ 0.56% WEGE3 45.16 ▼ 1.42% PRIO3 57.20 ▲ 0.40% SUZB3 43.23 ▼ 0.80% RENT3 40.12 ▲ 0.07% AZZA3 17.56 ▲ 8.33% CSAN3 3.49 ▲ 2.65% RAIZ4 0.42 ▲ 5.00% PCAR3 2.03 ▲ 12.78% GMAT3 3.90 ▲ 1.83% PSSA3 52.50 ▲ 0.04% CVCB3 1.22 ▼ 1.61% POSI3 4.00 ▲ 5.54% SLCE3 13.60 ▲ 0.44% NATU3 7.50 ▲ 0.94% BRKM5 7.50 ▼ 0.13% RANI3 7.90 ▲ 0.51% CSNA3 5.26 ▲ 1.54% CMIN3 4.32 ▲ 2.61% USIM5 9.17 ▲ 0.77% GGBR4 21.66 ▲ 0.05% ENEV3 24.49 ▲ 1.62% NEOE3 33.80 — 0.00% CPFE3 43.88 ▼ 0.30% CMIG4 10.68 ▼ 0.37% EQTL3 37.05 ▲ 0.52% LREN3 14.29 ▲ 2.14% VIVT3 32.46 ▼ 0.67% RAIL3 12.45 ▲ 0.97% KLABIN 17.13 ▼ 0.58% RAIA DROGASIL 16.25 ▼ 1.81% RDOR3 33.60 ▲ 1.05% HAPV3 10.31 ▼ 2.55% FLRY3 14.93 ▲ 0.67% SMTO3 14.93 ▼ 0.27% UGPA3 25.10 ▲ 1.09% VBBR3 28.80 ▲ 0.73% BBSE3 38.90 ▼ 1.37% BPAC11 50.64 ▼ 0.41% CURY3 33.27 ▲ 1.68% AERI3 2.24 ▼ 0.44% VIVARA 20.85 ▼ 1.00% COMPASS 24.28 ▼ 1.70% VAMOS 2.68 ▼ 1.11% SANB11 26.88 ▲ 0.60% ASAI3 7.65 ▼ 0.39% SBSP3 26.96 ▲ 0.22% WALMEX 50.96 ▲ 1.33% GMEXICO 207.50 ▼ 3.34% FEMSA 217.40 ▼ 0.87% CEMEX 21.52 ▼ 3.15% GFNORTE 189.48 ▼ 1.07% BIMBO 58.92 ▲ 3.33% TELEVISA 10.05 ▼ 4.19% AMX 23.61 ▲ 2.74% GAP 436.88 ▼ 0.71% ASUR 308.21 ▲ 2.26% OMA 238.13 ▼ 3.57% KOF 181.26 ▼ 4.57% GRUMA 287.07 ▼ 0.56% KIMBER 38.37 ▲ 3.84% SQM-B 73,200 ▲ 1.74% COPEC 5,860 ▼ 0.02% BSANTANDER 74.00 ▲ 0.41% FALABELLA 6,065 ▼ 0.56% ENELAM 82.51 ▲ 9.58% CENCOSUD 2,116 ▼ 2.06% CMPC 1,041 ▼ 1.32% BANCO CHILE 180.01 ▼ 1.35% LATAM AIR 25.25 ▲ 0.52% YPF 76,425 ▲ 0.39% GGAL 8,260 ▼ 2.82% PAMPA 5,190 ▼ 0.57% TXAR 674.50 ▼ 0.88% ALUAR 1,000 ▼ 0.99% TGS 9,730 ▲ 2.21% CEPU 2,393 ▲ 1.36% MIRGOR 16,850 ▲ 0.15% COME 45.48 ▼ 0.70% LOMA NEGRA 3,550 ▼ 0.91% BYMA 318.00 ▼ 2.00% TELECOM ARG 4,165 ▼ 0.77% ECOPETROL 16.58 ▲ 5.81% BANCOLOMBIA 81.45 ▲ 1.89% GRUPO AVAL 5.75 ▲ 3.05% CREDICORP 382.76 ▼ 1.08% SOUTHERN COPPER 192.93 ▲ 0.65% BUENAVENTURA 32.58 ▼ 4.85% MERCADOLIBRE 1,635 ▲ 0.20% NUBANK 12.71 ▼ 1.40% XP 15.30 ▼ 0.78% PAGSEGURO 8.82 ▼ 1.01% STONE 10.59 ▼ 1.67% GLOBANT 30.74 ▼ 11.18% TECNOGLASS 45.97 ▲ 1.86% GAP AIRPORT 254.31 ▲ 2.30% ASUR 308.21 ▲ 2.26% OMA AIRPORT 114.00 ▲ 2.21% AMX ADR 26.46 ▲ 0.04% FEMSA ADR 126.47 ▲ 0.72% CEMEX ADR 12.73 ▲ 1.03% PETROBRAS ADR 16.75 ▼ 0.24% VALE ADR 15.42 ▼ 0.71% ITAU ADR 7.79 ▼ 2.26% SANTANDER BR 5.20 ▼ 3.17% AMBEV ADR 3.12 ▼ 0.64% CSN 1.03 ▼ 8.04% GERDAU 4.17 ▼ 7.13% LATAM ADR 55.85 ▲ 2.40% BTC 63,696 ▼ 0.85% ETH 1,715 ▼ 1.42% SOL 72.81 ▼ 0.50% XRP 1.13 ▼ 1.45% BNB 586.85 ▼ 0.13% ADA 0.16 ▼ 2.38% DOGE 0.08 ▼ 1.11% AVAX 6.16 ▼ 1.18% LINK 7.84 ▼ 1.73% DOT 0.95 ▼ 2.18% LTC 44.82 ▲ 0.74% BCH 196.05 ▼ 1.88% TRX 0.33 ▲ 0.31% XLM 0.21 ▼ 2.06% HBAR 0.08 ▼ 1.92% NEAR 2.11 ▼ 3.48% ATOM 1.76 ▼ 2.40% AAVE 74.06 ▼ 2.65% SELIC 14.25% EMBRAER 79.20 ▲ 0.41% EMBRAER ADR 60.70 ▼ 0.99% JBS 11.93 ▼ 2.37% JBS BDR 59.52 ▼ 3.72% MBRF3 15.28 ▼ 1.10% MBRFY 2.96 — 0.00% INTER 5.44 ▼ 2.16% EGX 52,679 ▲ 1.21% USD/ZAR 16.48 ▲ 0.47% USD/NGN 1,358 — 0.00% NIKKEI 71,250 ▲ 0.28% CSI300 4,942 ▲ 0.21% HSI 23,925 ▼ 1.59% NIFTY 24,013 ▼ 0.64% KOSPI 9,052 ▼ 0.13% JCI 6,177 ▲ 0.08% USD/JPY 161.23 ▼ 0.07% USD/CNY 6.7681 — 0.00% DAX 24,986 ▼ 0.16% CAC 8,421 ▼ 0.55% FTSE 10,363 ▼ 0.35% MIB 52,849 ▲ 0.31% IBEX 19,347 ▼ 0.29% STOXX 635.61 ▼ 0.24% EUR/USD 1.1464 ▼ 0.03% GBP/USD 1.3199 ▼ 0.05% SPX 7,501 ▲ 1.08% DJI 51,565 ▲ 0.14% NDX 30,406 ▲ 2.48% RUT 2,980 ▲ 2.12% TSX 34,857 ▼ 0.32% VIX 16.78 ▲ 2.32% USD/CAD 1.4162 ▲ 0.23% US10Y 4.4510 — 0.00%
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Sunday, June 21, 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.

Deep Dive

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

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