IBOV 177,544 ▲ 2.78% IPSA 11,032 ▲ 0.06% IPC MEX 66,448 ▲ 0.52% MERVAL 3,273,770 ▲ 2.23% COLCAP 2,306.04 ▲ 0.58% BVL PERÚ 56,194.27 ▲ 1.51% USD/BRL5.11▼ 0.13% USD/MXN17.47▼ 0.43% USD/CLP925.02▼ 0.29% USD/COP3,247▼ 2.86% USD/PEN3.39▼ 0.31% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.81% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 1.02% BRENT 76.11 ▼ 0.25% WTI 71.57 ▼ 0.71% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.05% GOLD 4,110 ▼ 0.49% SILVER 60.06 ▼ 0.53% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.26 ▼ 0.77% PETR4 39.52 ▲ 0.79% VALE3 74.41 ▲ 1.72% ITUB4 44.28 ▲ 3.97% BBDC4 18.78 ▲ 4.33% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.41 ▲ 4.19% WEGE3 46.44 ▲ 1.53% PRIO3 55.55 ▼ 0.11% SUZB3 41.39 ▲ 0.88% RENT3 40.98 ▲ 4.01% AZZA3 19.27 ▲ 4.39% CSAN3 4.04 ▲ 4.66% RAIZ4 0.36 ▼ 2.70% PCAR3 2.75 ▼ 0.36% GMAT3 3.95 ▲ 0.51% PSSA3 54.63 ▲ 2.40% CVCB3 1.26 ▲ 0.80% POSI3 4.00 ▲ 3.90% SLCE3 14.05 ▲ 1.89% NATU3 8.54 ▲ 0.95% BRKM5 6.67 ▲ 4.87% RANI3 8.03 ▲ 2.16% CSNA3 5.19 ▲ 8.13% CMIN3 5.14 ▲ 6.42% USIM5 8.43 ▲ 0.96% GGBR4 22.90 ▲ 1.87% ENEV3 27.31 ▲ 4.24% CPFE3 47.68 ▲ 3.00% CMIG4 11.34 ▲ 2.35% EQTL3 40.83 ▲ 3.34% LREN3 14.65 ▲ 3.53% VIVT3 35.77 ▲ 3.68% RAIL3 14.18 ▲ 3.13% KLABIN 17.46 ▲ 0.34% RAIA DROGASIL 18.88 ▲ 4.14% RDOR3 35.98 ▲ 2.36% HAPV3 10.54 ▲ 4.67% FLRY3 16.39 ▲ 4.06% SMTO3 16.27 ▲ 1.37% UGPA3 30.80 ▲ 2.33% VBBR3 32.93 ▲ 2.59% BBSE3 40.32 ▲ 2.65% BPAC11 58.43 ▲ 4.94% CURY3 34.10 ▲ 4.28% AERI3 2.08 ▲ 0.97% VIVARA 23.62 ▲ 4.61% COMPASS 25.52 ▲ 3.40% VAMOS 3.08 ▲ 4.05% SANB11 27.44 ▲ 4.53% ASAI3 8.95 ▲ 5.79% SBSP3 30.99 ▲ 3.30% WALMEX 49.30 ▲ 0.57% GMEXICO 198.55 ▲ 1.64% FEMSA 223.43 ▲ 0.48% CEMEX 21.83 ▲ 0.55% GFNORTE 187.38 ▲ 1.10% BIMBO 55.86 ▼ 0.13% TELEVISA 9.75 ▲ 2.74% AMX 22.71 ▲ 0.31% GAP 413.33 ▼ 0.09% ASUR 285.62 ▲ 0.71% OMA 236.00 ▼ 0.84% KOF 181.16 ▲ 0.14% GRUMA 282.42 ▼ 0.06% KIMBER 38.16 ▼ 0.73% SQM-B 68,195 ▼ 1.31% COPEC 6,089 ▲ 1.14% BSANTANDER 78.46 ▲ 1.24% FALABELLA 5,990 ▲ 2.37% ENELAM 85.29 ▲ 1.34% CENCOSUD 2,035 ▼ 1.04% CMPC 1,109 ▲ 1.29% BANCO CHILE 188.20 ▲ 0.64% LATAM AIR 26.35 ▼ 0.19% YPF 74,200 ▼ 2.08% GGAL 8,315 ▲ 5.52% PAMPA 5,185 ▼ 0.38% TXAR 669.50 ▲ 0.75% ALUAR 976.00 ▲ 0.77% TGS 9,565 ▲ 2.74% CEPU 2,353 ▲ 1.64% MIRGOR 17,150 ▼ 0.29% COME 46.46 ▲ 2.29% LOMA NEGRA 3,580 ▲ 2.36% BYMA 313.25 ▲ 1.13% TELECOM ARG 4,190 ▲ 1.70% ECOPETROL 15.50 ▲ 0.68% BANCOLOMBIA 83.34 ▲ 2.98% GRUPO AVAL 5.06 ▲ 0.80% CREDICORP 400.38 ▲ 2.16% SOUTHERN COPPER 176.10 ▲ 0.95% BUENAVENTURA 30.14 ▲ 2.00% MERCADOLIBRE 1,866 ▲ 3.20% NUBANK 13.82 ▲ 1.06% XP 17.04 ▲ 3.81% PAGSEGURO 9.28 ▲ 3.06% STONE 11.24 ▲ 2.55% GLOBANT 29.95 ▼ 4.30% TECNOGLASS 44.29 ▲ 2.67% GAP AIRPORT 236.55 ▲ 0.89% ASUR 285.62 ▲ 0.71% OMA AIRPORT 108.37 ▲ 0.04% AMX ADR 25.91 ▲ 0.25% FEMSA ADR 127.77 ▲ 0.61% CEMEX ADR 12.50 ▲ 1.05% PETROBRAS ADR 17.14 ▲ 0.65% VALE ADR 14.53 ▲ 2.14% ITAU ADR 8.66 ▲ 4.53% SANTANDER BR 5.41 ▲ 5.16% AMBEV ADR 3.08 ▲ 1.15% CSN 1.02 ▲ 6.84% GERDAU 4.51 ▲ 2.15% LATAM ADR 57.04 — 0.00% BTC 63,784 ▲ 0.94% ETH 1,785 ▲ 2.33% SOL 77.67 ▼ 0.48% XRP 1.10 ▲ 0.67% BNB 574.50 ▲ 1.06% ADA 0.17 ▲ 0.11% DOGE 0.07 ▲ 1.55% AVAX 6.74 ▲ 0.85% LINK 7.91 ▲ 2.38% DOT 0.87 ▲ 5.44% LTC 44.51 ▲ 1.70% BCH 245.14 ▲ 3.10% TRX 0.33 ▼ 0.34% XLM 0.19 ▲ 1.89% HBAR 0.07 ▼ 0.07% NEAR 1.87 ▼ 2.52% ATOM 1.59 ▲ 2.53% AAVE 96.14 ▲ 5.35% SELIC 14.25% EMBRAER 84.98 ▲ 1.34% EMBRAER ADR 66.47 ▲ 1.42% JBS 11.89 ▲ 1.36% JBS BDR 60.61 ▲ 0.93% MBRF3 15.42 ▲ 0.06% MBRFY 2.98 ▼ 0.67% INTER 5.82 ▲ 1.84% IBOV 177,544 ▲ 2.78% IPSA 11,032 ▲ 0.06% IPC MEX 66,448 ▲ 0.52% MERVAL 3,273,770 ▲ 2.23% COLCAP 2,306.04 ▲ 0.58% BVL PERÚ 56,194.27 ▲ 1.51% USD/BRL 5.11 ▼ 0.13% USD/MXN 17.47 ▼ 0.43% USD/CLP 925.02 ▼ 0.29% USD/COP 3,247 ▼ 2.86% USD/PEN 3.39 ▼ 0.31% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.12% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.09 ▲ 0.81% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.83 ▼ 1.01% BRENT 76.11 ▼ 0.25% WTI 71.57 ▼ 0.71% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.05% GOLD 4,110 ▼ 0.49% SILVER 60.06 ▼ 0.53% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.26 ▼ 0.77% PETR4 39.52 ▲ 0.79% VALE3 74.41 ▲ 1.72% ITUB4 44.28 ▲ 3.97% BBDC4 18.78 ▲ 4.33% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.41 ▲ 4.19% WEGE3 46.44 ▲ 1.53% PRIO3 55.55 ▼ 0.11% SUZB3 41.39 ▲ 0.88% RENT3 40.98 ▲ 4.01% AZZA3 19.27 ▲ 4.39% CSAN3 4.04 ▲ 4.66% RAIZ4 0.36 ▼ 2.70% PCAR3 2.75 ▼ 0.36% GMAT3 3.95 ▲ 0.51% PSSA3 54.63 ▲ 2.40% CVCB3 1.26 ▲ 0.80% POSI3 4.00 ▲ 3.90% SLCE3 14.05 ▲ 1.89% NATU3 8.54 ▲ 0.95% BRKM5 6.67 ▲ 4.87% RANI3 8.03 ▲ 2.16% CSNA3 5.19 ▲ 8.13% CMIN3 5.14 ▲ 6.42% USIM5 8.43 ▲ 0.96% GGBR4 22.90 ▲ 1.87% ENEV3 27.31 ▲ 4.24% CPFE3 47.68 ▲ 3.00% CMIG4 11.34 ▲ 2.35% EQTL3 40.83 ▲ 3.34% LREN3 14.65 ▲ 3.53% VIVT3 35.77 ▲ 3.68% RAIL3 14.18 ▲ 3.13% KLABIN 17.46 ▲ 0.34% RAIA DROGASIL 18.88 ▲ 4.14% RDOR3 35.98 ▲ 2.36% HAPV3 10.54 ▲ 4.67% FLRY3 16.39 ▲ 4.06% SMTO3 16.27 ▲ 1.37% UGPA3 30.80 ▲ 2.33% VBBR3 32.93 ▲ 2.59% BBSE3 40.32 ▲ 2.65% BPAC11 58.43 ▲ 4.94% CURY3 34.10 ▲ 4.28% AERI3 2.08 ▲ 0.97% VIVARA 23.62 ▲ 4.61% COMPASS 25.52 ▲ 3.40% VAMOS 3.08 ▲ 4.05% SANB11 27.44 ▲ 4.53% ASAI3 8.95 ▲ 5.79% SBSP3 30.99 ▲ 3.30% WALMEX 49.30 ▲ 0.57% GMEXICO 198.55 ▲ 1.64% FEMSA 223.43 ▲ 0.48% CEMEX 21.83 ▲ 0.55% GFNORTE 187.38 ▲ 1.10% BIMBO 55.86 ▼ 0.13% TELEVISA 9.75 ▲ 2.74% AMX 22.71 ▲ 0.31% GAP 413.33 ▼ 0.09% ASUR 285.62 ▲ 0.71% OMA 236.00 ▼ 0.84% KOF 181.16 ▲ 0.14% GRUMA 282.42 ▼ 0.06% KIMBER 38.16 ▼ 0.73% SQM-B 68,195 ▼ 1.31% COPEC 6,089 ▲ 1.14% BSANTANDER 78.46 ▲ 1.24% FALABELLA 5,990 ▲ 2.37% ENELAM 85.29 ▲ 1.34% CENCOSUD 2,035 ▼ 1.04% CMPC 1,109 ▲ 1.29% BANCO CHILE 188.20 ▲ 0.64% LATAM AIR 26.35 ▼ 0.19% YPF 74,200 ▼ 2.08% GGAL 8,315 ▲ 5.52% PAMPA 5,185 ▼ 0.38% TXAR 669.50 ▲ 0.75% ALUAR 976.00 ▲ 0.77% TGS 9,565 ▲ 2.74% CEPU 2,353 ▲ 1.64% MIRGOR 17,150 ▼ 0.29% COME 46.46 ▲ 2.29% LOMA NEGRA 3,580 ▲ 2.36% BYMA 313.25 ▲ 1.13% TELECOM ARG 4,190 ▲ 1.70% ECOPETROL 15.50 ▲ 0.68% BANCOLOMBIA 83.34 ▲ 2.98% GRUPO AVAL 5.06 ▲ 0.80% CREDICORP 400.38 ▲ 2.16% SOUTHERN COPPER 176.10 ▲ 0.95% BUENAVENTURA 30.14 ▲ 2.00% MERCADOLIBRE 1,866 ▲ 3.20% NUBANK 13.82 ▲ 1.06% XP 17.04 ▲ 3.81% PAGSEGURO 9.28 ▲ 3.06% STONE 11.24 ▲ 2.55% GLOBANT 29.95 ▼ 4.30% TECNOGLASS 44.29 ▲ 2.67% GAP AIRPORT 236.55 ▲ 0.89% ASUR 285.62 ▲ 0.71% OMA AIRPORT 108.37 ▲ 0.04% AMX ADR 25.91 ▲ 0.25% FEMSA ADR 127.77 ▲ 0.61% CEMEX ADR 12.50 ▲ 1.05% PETROBRAS ADR 17.14 ▲ 0.65% VALE ADR 14.53 ▲ 2.14% ITAU ADR 8.66 ▲ 4.53% SANTANDER BR 5.41 ▲ 5.16% AMBEV ADR 3.08 ▲ 1.15% CSN 1.02 ▲ 6.84% GERDAU 4.51 ▲ 2.15% LATAM ADR 57.04 — 0.00% BTC 63,784 ▲ 0.94% ETH 1,785 ▲ 2.33% SOL 77.67 ▼ 0.48% XRP 1.10 ▲ 0.67% BNB 574.50 ▲ 1.06% ADA 0.17 ▲ 0.11% DOGE 0.07 ▲ 1.55% AVAX 6.74 ▲ 0.85% LINK 7.91 ▲ 2.38% DOT 0.87 ▲ 5.44% LTC 44.51 ▲ 1.70% BCH 245.14 ▲ 3.10% TRX 0.33 ▼ 0.34% XLM 0.19 ▲ 1.89% HBAR 0.07 ▼ 0.07% NEAR 1.87 ▼ 2.52% ATOM 1.59 ▲ 2.53% AAVE 96.14 ▲ 5.35% SELIC 14.25% EMBRAER 84.98 ▲ 1.34% EMBRAER ADR 66.47 ▲ 1.42% JBS 11.89 ▲ 1.36% JBS BDR 60.61 ▲ 0.93% MBRF3 15.42 ▲ 0.06% MBRFY 2.98 ▼ 0.67% INTER 5.82 ▲ 1.84%
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Brazil Latin America

Brazilian government concerned about crisis in Paraguay; fears removal of its president

By · March 9, 2021 · 3 min read

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RIO DE JANEIRO, BRAZIL – The outbreak of a new institutional crisis in Paraguay worries the Jair Bolsonaro government, which fears the removal of an ally – President Mario Abdo Benítez – and the resulting destabilization of the region during a pandemic.

Jair Bolsonaro and Abdo Benítez. Among friends. (Photo internet reproduction)
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Paraguay is experiencing protests that have taken to the streets, mainly in Asunción, against the government’s conduct of the coronavirus pandemic.

Members of the Authentic Radical Liberal Party (PLRA) have decided to file a demand for political judgment against the current president, which could end in his impeachment.

Itamaraty [Brazil’s Foreign Office] started receiving information from the embassy in Asunción after the protests started on Friday, March 5th.

The assessment of Bolsonaro’s interlocutors consulted by Folha newspaper is that, so far, Abdo Benítez has managed to stay in office thanks to the personnel exchanges carried out in his office.

The main sign of the president’s survival has been the failure of the Colorado majority party, controlled by former president Horacio Cartes, to declare support for impeachment.

Members of the Brazilian government, however, remain concerned and stress that in Paraguay, an impeachment process could take place in record time. The dismissal of ex-president Fernando Lugo, for example, was completed in just two days.

Bolsonaro is an ally of Abdo Benítez, has no interest in seeing him removed from his post and has already helped him when, two years ago, he was threatened with losing his presidential seat.

In 2019, the Bolsonaro government did not oppose Paraguay’s decision to cancel a bilateral agreement that increased the cost to the neighboring country for the acquisition of power from Itaipu.

At the time, the impeachment proceedings against Abdo Benítez lost momentum after the agreement was canceled.

Concerns over the current crisis in Paraguay, according to members of the Bolsonaro government, go beyond ideological proximity to the president: there are fears that a change of power could be a destabilizing factor in the region amid the pandemic of Covid-19.

The problem is that the motivation for the current protests – the management of the health crisis – leaves Brazil with little room to help the neighboring country.

Although the Paraguayan government has imposed a stringent set of social isolation measures, maintaining a low number of infections and deaths, vaccination in the country has barely started.

So far not 0.1% of the population has been vaccinated. In Brazil, where the government is criticized for the delay in its vaccination campaign, the rate is around 4%. Paraguayan authorities even asked Brazil to send a batch of vaccines, but the response was negative.

The Brazilians argued that they faced a serious shortage of vaccines, that Bolsonaro had been criticized for delays in the vaccination campaign and that allowing the export of these products was a politically sensitive issue.

With the crisis in Paraguay, the expectation of members of the Bolsonaro government heard by Folha is that the neighboring country will make new requests for aid.

Paraguayan Chancellor Euclides Acevedo Candia is due to visit Brasilia next week and faces new demands for cooperation.

According to Itamaraty, since the start of the pandemic, Brazil has donated to Paraguay 50 mechanical lung ventilators, 50,000 test kits and 20 campaign tents for the assembly of structures for the treatment of people suspected of Covid -19.

For the moment, the Ministry of Health is analyzing a new order from the neighboring country, for the delivery of more than 35,000 test kits. “In addition to responding to requests for donations, the Brazilian government has shared with the Paraguayan government the Ministry of Health protocols to fight Covid-19,” Itamaraty said, in a note.

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

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