IBOV 185,188.13 ▼ 0.01% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,473.16 ▲ 0.91% MERVAL 3,058,093 ▼ 1.55% COLCAP 2,534.46 ▲ 1.81% BVL PERÚ 59,719.97 ▲ 0.43% USD/BRL5.10▲ 0.17% USD/MXN16.89▼ 0.45% USD/CLP930.46▼ 0.76% USD/COP3,143▼ 0.83% USD/PEN3.35▼ 0.34% USD/ARS1,508▼ 0.17% USD/UYU40.23▲ 1.13% USD/PYG5,924▲ 2.31% USD/BOB12.30▲ 4.75% USD/DOP58.65▲ 0.17% USD/CRC447.49▲ 1.34% USD/GTQ7.63▲ 2.30% USD/HNL26.84▲ 1.66% USD/NIO36.62▲ 0.71% USD/VES805.37▲ 0.19% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.65▲ 0.05% EUR/BRL5.93▼ 0.60% 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 185,188.13 ▼ 0.01% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,473.16 ▲ 0.91% MERVAL 3,058,093 ▼ 1.55% COLCAP 2,534.46 ▲ 1.81% BVL PERÚ 59,719.97 ▲ 0.43% 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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Friday, September 4, 2026

Brazil’s Kingmaker Party Resurrects 85-Year-Old Former President Temer as Escape Route from Political Chaos

By · February 2, 2026 · 2 min read

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Key Points

  • Brazil’s power-broker MDB party quietly polling whether Michel Temer, the 85-year-old former president and master dealmaker, could offer voters a way out of renewed political warfare
  • The 2026 race currently pits a sitting president seeking his fourth term against the son of a jailed predecessor convicted of attempting a coup
  • Latin America’s largest economy faces critical decisions on its democratic future while key political players maneuver behind closed doors

Brazil’s most cunning political party is dusting off an unlikely savior. The MDB, a centrist coalition that has survived every political upheaval since military dictatorship ended in 1985, is testing whether former President Michel Temer could rescue the country.

From another bruising ideological battle. The backdrop makes this maneuver comprehensible. Current polling shows President Luiz Inácio Lula da Silva, already in his third term despite promising in 2022 it would be his last, preparing to run again in 2026.

His likely opponent is Senator Flávio Bolsonaro, whose father Jair Bolsonaro sits in Papuda prison following conviction for plotting to overturn Brazil’s democratic order after losing the 2022 election.

Brazil’s Kingmaker Party Resurrects 85-Year-Old Former President Temer as Escape Route from Political Chaos. (Photo Internet reproduction)
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This is where Temer becomes interesting. The constitutional lawyer turned president assumed office in 2016 when Dilma Rousseff was impeached, steering Brazil through economic crisis with pension and labor reforms that stabilized markets but proved politically toxic.

He never won election himself, yet remained Brazil’s ultimate behind-the-scenes operator. Today, at 85, Temer represents Google and Huawei in regulatory battles with lawmakers, maintaining connections across the political spectrum that younger politicians can only envy.

Unlike Bolsonaro, he emerged unscathed from corruption investigations, securing acquittal in Operation Car Wash and recovering roughly 6.5 million dollars in frozen assets.

Brazil 2026 Election Coalition Maneuvers

The MDB holds three cabinet positions under Lula despite belonging to neither ideological camp, exemplifying its transactional genius.

Planning Minister Simone Tebet, who ran unsuccessfully for president in 2022 before backing Lula, announced she will leave government by March to pursue either São Paulo’s governorship or a Senate seat, complicating party calculations.

Meanwhile, São Paulo Governor Tarcísio de Freitas, widely considered Bolsonaro‘s political heir, ruled out a presidential run.

Temer himself proposed uniting conservative governors including Freitas, Eduardo Leite, Ratinho Júnior, Ronaldo Caiado, and Romeu Zema as an alternative coalition.

For international observers, Brazil’s 2026 election matters enormously. The nation of 215 million people represents Latin America’s economic anchor, holding sway over regional migration, Venezuelan policy, and whether the continent tilts toward Washington or Beijing. Whether voters choose experience over ideology remains the critical question.

Related coverage: Brazil’s Morning Call | Brazil’s Factory Downturn Deepens as Tariffs, High Rates and This is part of The Rio Times’ daily coverage of Brazil affairs and Latin American financial news.

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

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