IBOV 176,402.10 ▲ 1.77% IPSA 10,989.46 ▲ 0.32% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,343,345 ▲ 1.87% COLCAP 2,312.45 ▲ 0.48% BVL PERÚ 57,575.02 — — USD/BRL5.06▼ 0.30% USD/MXN17.40▼ 0.06% USD/CLP935.37▼ 0.04% USD/COP3,202▼ 1.65% USD/PEN3.40— 0.00% USD/ARS1,479▲ 0.08% USD/UYU40.14▲ 1.07% USD/PYG6,035▲ 1.50% USD/BOB10.95▲ 3.79% USD/DOP58.34▲ 0.24% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.36% USD/TTD6.71▲ 0.76% EUR/BRL5.77▼ 0.87% BRENT 94.14 ▲ 3.44% WTI 86.98 ▲ 2.44% IRON ORE 161.91 — — COPPER 6.50 ▼ 0.14% GOLD 4,155 ▲ 2.07% SILVER 60.68 ▲ 3.14% SOY 1,234 ▲ 1.21% CORN 484.00 ▲ 6.90% WHEAT 702.50 ▲ 3.61% COFFEE 317.60 ▼ 4.32% SUGAR 14.85 ▼ 0.20% ORANGE JUICE 146.60 ▲ 1.95% COTTON 80.43 ▲ 1.86% COCOA 5,392 ▼ 3.83% BEEF 219.73 ▼ 3.07% CATTLE 337.28 ▼ 3.51% LITHIUM 69.37 ▲ 0.42% PETR4 42.63 ▲ 2.33% VALE3 74.28 ▲ 2.82% ITUB4 42.62 ▲ 0.21% BBDC4 18.64 ▲ 0.49% ABEV3 16.07 ▲ 1.71% BBAS3 20.81 ▼ 0.34% B3SA3 15.55 ▲ 2.50% WEGE3 46.43 ▲ 9.32% PRIO3 59.66 ▲ 2.54% SUZB3 42.40 ▲ 1.85% RENT3 36.88 ▲ 0.90% AZZA3 17.52 ▲ 0.23% CSAN3 3.89 ▲ 2.91% RAIZ4 0.28 ▲ 3.70% PCAR3 2.70 ▼ 1.10% GMAT3 3.88 ▲ 1.31% PSSA3 54.65 ▲ 2.19% CVCB3 1.20 ▲ 7.14% POSI3 3.70 ▲ 0.54% SLCE3 13.87 ▲ 0.87% NATU3 8.78 ▲ 0.80% BRKM5 6.07 ▲ 6.30% RANI3 7.99 ▲ 1.27% CSNA3 5.26 ▲ 3.95% CMIN3 5.87 ▲ 5.20% USIM5 8.55 ▲ 1.06% GGBR4 23.78 ▲ 1.23% ENEV3 25.59 ▲ 0.67% CPFE3 46.58 ▲ 0.39% CMIG4 11.12 ▲ 0.91% EQTL3 38.96 ▲ 0.33% LREN3 13.49 ▲ 1.66% VIVT3 35.86 ▲ 0.17% RAIL3 13.57 ▲ 2.49% KLABIN 17.86 ▲ 1.54% RAIA DROGASIL 18.18 ▲ 0.28% RDOR3 34.08 ▲ 0.47% HAPV3 11.47 ▲ 2.05% FLRY3 16.67 ▲ 0.73% SMTO3 16.03 ▲ 2.89% UGPA3 32.36 ▲ 1.70% VBBR3 34.42 ▲ 1.38% BBSE3 42.05 ▲ 1.20% BPAC11 56.08 ▲ 1.28% CURY3 30.17 ▲ 0.73% AERI3 2.06 ▲ 0.98% VIVARA 21.25 ▼ 0.75% COMPASS 24.61 ▲ 0.70% VAMOS 3.17 ▲ 2.59% SANB11 26.71 ▼ 1.84% ASAI3 8.40 ▲ 1.82% SBSP3 28.95 ▲ 1.22% WALMEX 49.40 ▲ 0.51% GMEXICO 211.86 ▲ 1.38% FEMSA 230.05 ▲ 1.46% CEMEX 22.38 ▲ 1.40% GFNORTE 189.41 ▲ 1.94% BIMBO 60.22 ▲ 1.40% TELEVISA 9.89 ▲ 1.33% AMX 22.80 ▲ 0.18% GAP 382.48 ▲ 1.05% ASUR 272.72 ▼ 0.81% OMA 232.19 ▲ 2.62% KOF 184.24 ▲ 2.09% GRUMA 282.17 ▼ 0.15% KIMBER 38.99 ▲ 1.54% SQM-B 65,800 ▲ 1.95% COPEC 6,400 ▼ 0.78% BSANTANDER 79.40 ▲ 0.49% FALABELLA 5,930 ▲ 0.18% ENELAM 84.31 ▼ 0.26% CENCOSUD 2,025 ▼ 0.13% CMPC 1,076 ▼ 0.71% BANCO CHILE 190.02 ▲ 0.01% LATAM AIR 24.04 ▼ 0.66% YPF 81,950 ▲ 1.64% GGAL 8,180 ▲ 2.70% PAMPA 5,485 ▲ 0.18% TXAR 673.50 ▼ 0.81% ALUAR 980.00 ▲ 0.72% TGS 9,865 ▲ 1.60% CEPU 2,341 ▲ 0.04% MIRGOR 16,925 ▲ 0.89% COME 43.00 ▲ 0.30% LOMA NEGRA 3,645 ▲ 1.11% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,303 ▲ 1.12% ECOPETROL 16.93 ▲ 2.39% BANCOLOMBIA 84.38 ▲ 0.88% GRUPO AVAL 5.09 — 0.00% CREDICORP 390.18 ▼ 0.24% SOUTHERN COPPER 190.61 ▲ 1.38% BUENAVENTURA 32.72 ▲ 4.70% MERCADOLIBRE 1,804 ▼ 1.03% NUBANK 14.00 ▼ 2.75% XP 17.04 ▲ 1.13% PAGSEGURO 9.48 ▼ 1.04% STONE 11.19 ▼ 0.62% GLOBANT 32.04 ▼ 0.19% TECNOGLASS 45.72 ▲ 1.26% GAP AIRPORT 218.48 ▲ 0.37% ASUR 272.72 ▼ 0.81% OMA AIRPORT 106.24 ▲ 1.93% AMX ADR 26.08 ▼ 0.04% FEMSA ADR 132.11 ▲ 1.35% CEMEX ADR 12.83 ▲ 0.98% PETROBRAS ADR 19.04 ▲ 2.67% VALE ADR 14.67 ▲ 2.91% ITAU ADR 8.42 ▲ 0.18% SANTANDER BR 5.39 ▼ 0.37% AMBEV ADR 3.16 ▲ 1.45% CSN 1.05 ▲ 5.25% GERDAU 4.72 ▲ 1.62% LATAM ADR 51.03 ▼ 1.05% BTC 65,665 ▼ 1.26% ETH 1,927 ▼ 0.05% SOL 77.65 ▼ 0.59% XRP 1.14 ▼ 0.30% BNB 570.73 ▼ 0.50% ADA 0.17 ▲ 0.61% DOGE 0.07 ▼ 0.86% AVAX 6.54 ▼ 0.33% LINK 8.64 ▼ 0.09% DOT 0.84 ▼ 0.92% LTC 46.69 ▼ 0.27% BCH 219.95 ▼ 1.68% TRX 0.33 ▼ 0.48% XLM 0.19 ▼ 1.36% HBAR 0.07 ▲ 3.31% NEAR 1.88 ▼ 2.85% ATOM 1.46 ▼ 1.49% AAVE 96.57 ▲ 1.04% SELIC 14.25% EMBRAER 84.20 ▲ 1.88% EMBRAER ADR 66.73 ▲ 1.92% JBS 12.31 ▲ 3.01% JBS BDR 62.14 ▲ 3.19% MBRF3 15.48 ▲ 2.45% MBRFY 3.00 ▲ 1.69% INTER 5.53 ▼ 0.99% EGX 53,932 ▼ 0.11% USD/ZAR16.42▼ 0.29% USD/NGN1,370▼ 0.55% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY163.07▼ 0.06% USD/CNY6.76▼ 0.08% DAX 25,173 ▲ 0.64% CAC 8,451 ▲ 1.04% FTSE 10,748 ▲ 1.53% MIB 52,829 ▲ 1.04% IBEX 19,620 ▲ 1.24% STOXX 648.02 ▲ 0.75% EUR/USD1.14▲ 0.16% GBP/USD1.34▼ 0.38% SPX 7,500 ▼ 0.13% DJI 52,317 ▲ 0.18% NDX 29,052 ▼ 0.35% RUT 2,981 ▼ 0.22% TSX 35,677 ▲ 0.87% VIX 16.95 ▼ 0.59% USD/CAD1.41▼ 0.16% US10Y 4.6500 ▲ 0.48% IBOV 176,402.10 ▲ 1.77% IPSA 10,989.46 ▲ 0.32% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,343,345 ▲ 1.87% COLCAP 2,312.45 ▲ 0.48% BVL PERÚ 57,575.02 — — USD/BRL 5.06 ▼ 0.35% USD/MXN 17.40 ▼ 0.07% USD/CLP 935.09 ▼ 0.07% USD/COP 3,199 ▼ 1.74% USD/PEN 3.40 ▲ 0.03% USD/ARS 1,479 ▲ 0.08% USD/UYU 40.14 ▲ 1.07% USD/PYG 6,035 ▲ 1.50% USD/BOB 10.95 ▲ 3.79% USD/DOP 58.34 ▲ 0.24% USD/CRC 447.42 ▲ 1.35% USD/GTQ 7.62 ▲ 2.27% USD/HNL 26.74 ▲ 1.52% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.35% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.77 ▼ 0.89% BRENT 94.14 ▲ 3.44% WTI 86.98 ▲ 2.44% IRON ORE 161.91 — — COPPER 6.50 ▼ 0.14% GOLD 4,155 ▲ 2.07% SILVER 60.68 ▲ 3.14% SOY 1,234 ▲ 1.21% CORN 484.00 ▲ 6.90% WHEAT 702.50 ▲ 3.61% COFFEE 317.60 ▼ 4.32% SUGAR 14.85 ▼ 0.20% ORANGE JUICE 146.60 ▲ 1.95% COTTON 80.43 ▲ 1.86% COCOA 5,392 ▼ 3.83% BEEF 219.73 ▼ 3.07% CATTLE 337.28 ▼ 3.51% LITHIUM 69.37 ▲ 0.42% PETR4 42.63 ▲ 2.33% VALE3 74.28 ▲ 2.82% ITUB4 42.62 ▲ 0.21% BBDC4 18.64 ▲ 0.49% ABEV3 16.07 ▲ 1.71% BBAS3 20.81 ▼ 0.34% B3SA3 15.55 ▲ 2.50% WEGE3 46.43 ▲ 9.32% PRIO3 59.66 ▲ 2.54% SUZB3 42.40 ▲ 1.85% RENT3 36.88 ▲ 0.90% AZZA3 17.52 ▲ 0.23% CSAN3 3.89 ▲ 2.91% RAIZ4 0.28 ▲ 3.70% PCAR3 2.70 ▼ 1.10% GMAT3 3.88 ▲ 1.31% PSSA3 54.65 ▲ 2.19% CVCB3 1.20 ▲ 7.14% POSI3 3.70 ▲ 0.54% SLCE3 13.87 ▲ 0.87% NATU3 8.78 ▲ 0.80% BRKM5 6.07 ▲ 6.30% RANI3 7.99 ▲ 1.27% CSNA3 5.26 ▲ 3.95% CMIN3 5.87 ▲ 5.20% USIM5 8.55 ▲ 1.06% GGBR4 23.78 ▲ 1.23% ENEV3 25.59 ▲ 0.67% CPFE3 46.58 ▲ 0.39% CMIG4 11.12 ▲ 0.91% EQTL3 38.96 ▲ 0.33% LREN3 13.49 ▲ 1.66% VIVT3 35.86 ▲ 0.17% RAIL3 13.57 ▲ 2.49% KLABIN 17.86 ▲ 1.54% RAIA DROGASIL 18.18 ▲ 0.28% RDOR3 34.08 ▲ 0.47% HAPV3 11.47 ▲ 2.05% FLRY3 16.67 ▲ 0.73% SMTO3 16.03 ▲ 2.89% UGPA3 32.36 ▲ 1.70% VBBR3 34.42 ▲ 1.38% BBSE3 42.05 ▲ 1.20% BPAC11 56.08 ▲ 1.28% CURY3 30.17 ▲ 0.73% AERI3 2.06 ▲ 0.98% VIVARA 21.25 ▼ 0.75% COMPASS 24.61 ▲ 0.70% VAMOS 3.17 ▲ 2.59% SANB11 26.71 ▼ 1.84% ASAI3 8.40 ▲ 1.82% SBSP3 28.95 ▲ 1.22% WALMEX 49.40 ▲ 0.51% GMEXICO 211.86 ▲ 1.38% FEMSA 230.05 ▲ 1.46% CEMEX 22.38 ▲ 1.40% GFNORTE 189.41 ▲ 1.94% BIMBO 60.22 ▲ 1.40% TELEVISA 9.89 ▲ 1.33% AMX 22.80 ▲ 0.18% GAP 382.48 ▲ 1.05% ASUR 272.72 ▼ 0.81% OMA 232.19 ▲ 2.62% KOF 184.24 ▲ 2.09% GRUMA 282.17 ▼ 0.15% KIMBER 38.99 ▲ 1.54% SQM-B 65,800 ▲ 1.95% COPEC 6,400 ▼ 0.78% BSANTANDER 79.40 ▲ 0.49% FALABELLA 5,930 ▲ 0.18% ENELAM 84.31 ▼ 0.26% CENCOSUD 2,025 ▼ 0.13% CMPC 1,076 ▼ 0.71% BANCO CHILE 190.02 ▲ 0.01% LATAM AIR 24.04 ▼ 0.66% YPF 81,950 ▲ 1.64% GGAL 8,180 ▲ 2.70% PAMPA 5,485 ▲ 0.18% TXAR 673.50 ▼ 0.81% ALUAR 980.00 ▲ 0.72% TGS 9,865 ▲ 1.60% CEPU 2,341 ▲ 0.04% MIRGOR 16,925 ▲ 0.89% COME 43.00 ▲ 0.30% LOMA NEGRA 3,645 ▲ 1.11% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,303 ▲ 1.12% ECOPETROL 16.93 ▲ 2.39% BANCOLOMBIA 84.38 ▲ 0.88% GRUPO AVAL 5.09 — 0.00% CREDICORP 390.18 ▼ 0.24% SOUTHERN COPPER 190.61 ▲ 1.38% BUENAVENTURA 32.72 ▲ 4.70% MERCADOLIBRE 1,804 ▼ 1.03% NUBANK 14.00 ▼ 2.75% XP 17.04 ▲ 1.13% PAGSEGURO 9.48 ▼ 1.04% STONE 11.19 ▼ 0.62% GLOBANT 32.04 ▼ 0.19% TECNOGLASS 45.72 ▲ 1.26% GAP AIRPORT 218.48 ▲ 0.37% ASUR 272.72 ▼ 0.81% OMA AIRPORT 106.24 ▲ 1.93% AMX ADR 26.08 ▼ 0.04% FEMSA ADR 132.11 ▲ 1.35% CEMEX ADR 12.83 ▲ 0.98% PETROBRAS ADR 19.04 ▲ 2.67% VALE ADR 14.67 ▲ 2.91% ITAU ADR 8.42 ▲ 0.18% SANTANDER BR 5.39 ▼ 0.37% AMBEV ADR 3.16 ▲ 1.45% CSN 1.05 ▲ 5.25% GERDAU 4.72 ▲ 1.62% LATAM ADR 51.03 ▼ 1.05% BTC 65,665 ▼ 1.26% ETH 1,927 ▼ 0.05% SOL 77.65 ▼ 0.59% XRP 1.14 ▼ 0.30% BNB 570.73 ▼ 0.50% ADA 0.17 ▲ 0.61% DOGE 0.07 ▼ 0.86% AVAX 6.54 ▼ 0.33% LINK 8.64 ▼ 0.09% DOT 0.84 ▼ 0.92% LTC 46.69 ▼ 0.27% BCH 219.95 ▼ 1.68% TRX 0.33 ▼ 0.48% XLM 0.19 ▼ 1.36% HBAR 0.07 ▲ 3.31% NEAR 1.88 ▼ 2.85% ATOM 1.46 ▼ 1.49% AAVE 96.57 ▲ 1.04% SELIC 14.25% EMBRAER 84.20 ▲ 1.88% EMBRAER ADR 66.73 ▲ 1.92% JBS 12.31 ▲ 3.01% JBS BDR 62.14 ▲ 3.19% MBRF3 15.48 ▲ 2.45% MBRFY 3.00 ▲ 1.69% INTER 5.53 ▼ 0.99% EGX 53,932 ▼ 0.11% USD/ZAR 16.42 ▼ 0.21% USD/NGN 1,370 ▼ 0.45% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY 163.07 ▼ 0.04% USD/CNY 6.7608 ▲ 0.06% DAX 25,173 ▲ 0.64% CAC 8,451 ▲ 1.04% FTSE 10,748 ▲ 1.53% MIB 52,829 ▲ 1.04% IBEX 19,620 ▲ 1.24% STOXX 648.02 ▲ 0.75% EUR/USD 1.1414 ▲ 0.09% GBP/USD 1.3383 ▲ 0.03% SPX 7,500 ▼ 0.13% DJI 52,317 ▲ 0.18% NDX 29,052 ▼ 0.35% RUT 2,981 ▼ 0.22% TSX 35,677 ▲ 0.87% VIX 16.95 ▼ 0.59% USD/CAD 1.4081 ▼ 0.18% US10Y 4.6500 ▲ 0.48%
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Guest Opinions Analysis

Escalating Diplomatic Tensions Reveal a Landscape of Conflict in Latin America

By · April 16, 2024 · 2 min read

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(Analysis) Latin America has increasingly become a battleground for diplomatic conflicts, characterized by mutual accusations, threats, and name-calling.

In the latest incident, armed agents stormed the Mexican embassy in Quito and detained Jorge Glas, Ecuador’s former Vice President.

Glas had recently been granted political asylum by Mexico. This breach of international norms on April 5 sparked a significant dispute.

As a consequence Mexico sued Ecuador at the International Court of Justice and request its temporary suspension from the United Nations.

This situation is part of a larger pattern of entrenched diplomatic tensions in Latin America.

In another part of the region, Venezuela has caused unrest with its political maneuvers.

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Under Nicolás Maduro’s leadership, the government made the decision to annex the Esequibo region from Guyana, leading to significant criticism and heightened tensions.

Maduro’s lack of transparency in electoral processes has also drawn criticism from leaders like Colombia’s Gustavo Petro and Brazil’s Luiz Inácio Lula da Silva.

Chilean relations also worsened when President Boric recalled his ambassador from Caracas.

This action followed after Venezuelan authorities were linked to the murder of an exiled ex-military officer.

Escalating Diplomatic Tensions Reveal a Landscape of Conflict in Latin America

Further South, Argentina’s President Javier Milei has been involved in several diplomatic disputes since taking office.

His libertarian stance sharply contrasts with other regional leaders, leading to strained relationships and a growing fear of competition.

International investors have expressed strong support for Milei and his market-friendly approach, which minimizes government intervention.

This approach stands out in Latin America, especially compared to recent trends in Brazil.

Ideological shifts are influencing these tensions. Milei’s victory introduced another right-leaning government to a continent previously dominated by leftist administrations.

Additionally, Gustavo Preto’s recent comparison of Milei to Adolf Hitler has inflamed tensions between the presidents, exacerbating the discord.

In Central America, Nicaragua’s authoritarian leaders, Daniel Ortega and Rosario Murillo, face isolation, while Salvadoran President Nayib Bukele’s strict security policies have stirred controversy.

These and other issues underscore the complex and turbulent diplomatic landscape in Latin America, highlighting deep divisions and the region’s challenging geopolitical climate.

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