IBOV 175,963.54 ▼ 0.38% IPSA 10,960.27 ▼ 0.58% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,288,122 ▲ 1.82% COLCAP 2,293.65 ▼ 0.22% BVL PERÚ 57,174.37 — — USD/BRL5.08▲ 0.09% USD/MXN17.37▼ 0.31% USD/CLP924.06▼ 0.27% USD/COP3,216▼ 0.62% USD/PEN3.38▼ 0.31% USD/ARS1,476▲ 0.34% USD/UYU40.15▲ 1.04% USD/PYG6,039▲ 1.28% USD/BOB10.65▲ 5.99% USD/DOP 58.30 — 0.00% USD/CRC447.49▲ 0.88% USD/GTQ7.62▲ 2.09% USD/HNL26.73▼ 0.01% USD/NIO36.62▲ 0.31% USD/VES723.93▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.12% USD/TTD6.76▲ 1.32% EUR/BRL5.82▼ 0.54% BRENT 85.10 ▲ 0.44% WTI 79.75 ▲ 0.52% IRON ORE 161.91 — — COPPER 6.38 ▲ 0.76% GOLD 4,066 ▲ 0.13% SILVER 58.21 ▼ 0.96% SOY 1,202 ▼ 0.46% CORN 469.25 ▲ 8.18% WHEAT 677.75 ▲ 7.37% COFFEE 324.50 ▼ 3.77% SUGAR 14.86 ▼ 0.13% ORANGE JUICE 140.45 ▲ 0.14% COTTON 82.13 ▲ 3.18% COCOA 5,917 ▲ 4.54% BEEF 230.33 ▼ 0.48% CATTLE 344.95 ▼ 1.10% LITHIUM 71.01 ▼ 0.80% PETR4 40.63 ▼ 0.07% VALE3 74.76 ▲ 1.01% ITUB4 43.18 ▼ 1.03% BBDC4 18.62 ▼ 0.05% ABEV3 15.54 ▼ 1.71% BBAS3 20.63 ▲ 0.19% B3SA3 15.74 ▲ 2.67% WEGE3 44.27 ▲ 0.16% PRIO3 57.82 ▲ 0.43% SUZB3 41.55 ▲ 1.07% RENT3 40.38 ▼ 0.39% AZZA3 18.58 ▼ 1.43% CSAN3 3.94 ▲ 1.29% RAIZ4 0.30 ▼ 3.23% PCAR3 2.61 ▲ 6.53% GMAT3 3.97 ▲ 0.25% PSSA3 55.19 ▲ 1.66% CVCB3 1.36 ▼ 1.45% POSI3 3.90 ▼ 2.26% SLCE3 13.47 ▼ 2.46% NATU3 8.66 ▲ 1.29% BRKM5 6.42 ▼ 6.00% RANI3 8.01 — 0.00% CSNA3 5.24 ▲ 0.77% CMIN3 5.18 ▲ 1.57% USIM5 8.20 ▼ 0.36% GGBR4 24.24 ▲ 3.95% ENEV3 27.02 ▼ 0.55% CPFE3 46.98 ▼ 0.47% CMIG4 11.16 ▼ 0.36% EQTL3 40.41 ▼ 1.32% LREN3 14.10 ▼ 1.33% VIVT3 35.37 ▼ 0.42% RAIL3 14.03 ▼ 0.71% KLABIN 17.44 ▲ 0.69% RAIA DROGASIL 18.75 ▲ 0.81% RDOR3 35.86 ▼ 0.53% HAPV3 10.95 ▼ 2.14% FLRY3 16.44 ▲ 0.18% SMTO3 15.50 ▼ 3.85% UGPA3 31.01 ▲ 2.99% VBBR3 33.62 ▲ 0.96% BBSE3 40.67 ▲ 0.69% BPAC11 57.51 ▼ 0.76% CURY3 32.87 ▼ 2.14% AERI3 2.03 ▼ 1.93% VIVARA 23.35 ▼ 0.34% COMPASS 24.96 ▼ 0.95% VAMOS 3.12 ▼ 0.95% SANB11 27.12 ▼ 0.80% ASAI3 8.71 ▲ 0.58% SBSP3 30.01 ▼ 1.09% WALMEX 49.93 ▲ 1.34% GMEXICO 200.60 ▲ 0.52% FEMSA 223.81 ▼ 2.40% CEMEX 22.67 ▲ 2.12% GFNORTE 183.95 ▼ 1.20% BIMBO 57.65 ▲ 2.29% TELEVISA 9.60 ▲ 0.73% AMX 22.83 ▼ 0.09% GAP 397.56 ▲ 0.58% ASUR 282.90 ▲ 2.65% OMA 236.64 ▲ 0.69% KOF 178.84 ▼ 0.58% GRUMA 282.04 ▲ 0.94% KIMBER 38.74 ▲ 0.78% SQM-B 65,850 ▼ 3.02% COPEC 6,246 ▲ 0.58% BSANTANDER 78.00 ▼ 0.81% FALABELLA 5,900 ▲ 0.43% ENELAM 85.13 ▼ 0.72% CENCOSUD 2,009 ▼ 1.52% CMPC 1,081 ▼ 1.99% BANCO CHILE 187.63 ▼ 0.99% LATAM AIR 25.47 ▲ 2.29% YPF 78,300 ▲ 0.68% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 670.50 ▲ 1.28% ALUAR 962.00 ▲ 1.37% TGS 9,800 ▲ 0.93% CEPU 2,352 ▲ 1.07% MIRGOR 16,850 ▲ 0.60% COME 45.69 ▼ 0.13% LOMA NEGRA 3,630 ▲ 2.76% BYMA 302.00 ▲ 0.33% TELECOM ARG 4,348 ▲ 0.35% ECOPETROL 16.10 ▼ 0.40% BANCOLOMBIA 81.60 ▼ 0.61% GRUPO AVAL 5.06 ▲ 2.22% CREDICORP 396.70 ▲ 1.14% SOUTHERN COPPER 180.71 ▼ 0.92% BUENAVENTURA 31.05 ▲ 0.06% MERCADOLIBRE 1,839 ▼ 1.89% NUBANK 13.90 ▼ 0.68% XP 17.00 ▲ 0.77% PAGSEGURO 9.13 ▼ 1.67% STONE 11.15 ▼ 1.37% GLOBANT 31.62 ▲ 2.26% TECNOGLASS 45.67 ▲ 3.24% GAP AIRPORT 229.10 ▲ 1.39% ASUR 282.90 ▲ 2.65% OMA AIRPORT 108.84 ▲ 1.11% AMX ADR 26.22 ▲ 0.15% FEMSA ADR 128.90 ▼ 3.21% CEMEX ADR 13.07 ▲ 2.07% PETROBRAS ADR 17.83 ▼ 0.53% VALE ADR 14.68 ▲ 0.62% ITAU ADR 8.50 ▼ 0.64% SANTANDER BR 5.38 ▼ 0.28% AMBEV ADR 3.03 ▼ 1.94% CSN 1.04 ▲ 0.49% GERDAU 4.81 ▲ 4.23% LATAM ADR 55.04 ▲ 2.86% BTC 64,862 ▼ 0.15% ETH 1,925 ▲ 1.85% SOL 77.48 ▼ 0.36% XRP 1.11 ▲ 0.14% BNB 579.69 ▼ 0.36% ADA 0.16 ▼ 0.68% DOGE 0.07 ▼ 0.63% AVAX 6.70 ▲ 0.04% LINK 8.51 ▲ 2.06% DOT 0.85 ▲ 0.15% LTC 45.06 ▼ 0.82% BCH 228.48 ▼ 3.39% TRX 0.32 ▼ 0.35% XLM 0.19 ▲ 1.15% HBAR 0.07 ▲ 0.13% NEAR 2.04 ▲ 1.64% ATOM 1.56 ▼ 0.26% AAVE 96.74 ▼ 2.17% SELIC 14.25% EMBRAER 81.84 ▼ 0.79% EMBRAER ADR 64.49 ▼ 0.64% JBS 12.10 ▲ 2.28% JBS BDR 61.50 ▲ 2.93% MBRF3 15.27 ▼ 5.10% MBRFY 3.00 ▼ 4.46% INTER 5.64 ▼ 1.14% IBOV 175,963.54 ▼ 0.38% IPSA 10,960.27 ▼ 0.58% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,288,122 ▲ 1.82% COLCAP 2,293.65 ▼ 0.22% BVL PERÚ 57,174.37 — — USD/BRL 5.08 ▲ 0.09% USD/MXN 17.37 ▼ 0.31% USD/CLP 924.06 ▼ 0.27% USD/COP 3,216 ▼ 0.62% USD/PEN 3.38 ▼ 0.31% USD/ARS 1,476 ▲ 0.34% USD/UYU 40.15 ▲ 1.04% USD/PYG 6,039 ▲ 1.28% USD/BOB 10.65 ▲ 5.99% USD/DOP 58.30 — 0.00% USD/CRC 447.49 ▲ 0.88% USD/GTQ 7.62 ▲ 2.09% USD/HNL 26.73 ▼ 0.01% USD/NIO 36.62 ▲ 0.31% USD/VES 723.93 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.12% USD/TTD 6.76 ▲ 1.32% EUR/BRL 5.82 ▼ 0.54% BRENT 85.10 ▲ 0.44% WTI 79.75 ▲ 0.52% IRON ORE 161.91 — — COPPER 6.38 ▲ 0.76% GOLD 4,066 ▲ 0.13% SILVER 58.21 ▼ 0.96% SOY 1,202 ▼ 0.46% CORN 469.25 ▲ 8.18% WHEAT 677.75 ▲ 7.37% COFFEE 324.50 ▼ 3.77% SUGAR 14.86 ▼ 0.13% ORANGE JUICE 140.45 ▲ 0.14% COTTON 82.13 ▲ 3.18% COCOA 5,917 ▲ 4.54% BEEF 230.33 ▼ 0.48% CATTLE 344.95 ▼ 1.10% LITHIUM 71.01 ▼ 0.80% PETR4 40.63 ▼ 0.07% VALE3 74.76 ▲ 1.01% ITUB4 43.18 ▼ 1.03% BBDC4 18.62 ▼ 0.05% ABEV3 15.54 ▼ 1.71% BBAS3 20.63 ▲ 0.19% B3SA3 15.74 ▲ 2.67% WEGE3 44.27 ▲ 0.16% PRIO3 57.82 ▲ 0.43% SUZB3 41.55 ▲ 1.07% RENT3 40.38 ▼ 0.39% AZZA3 18.58 ▼ 1.43% CSAN3 3.94 ▲ 1.29% RAIZ4 0.30 ▼ 3.23% PCAR3 2.61 ▲ 6.53% GMAT3 3.97 ▲ 0.25% PSSA3 55.19 ▲ 1.66% CVCB3 1.36 ▼ 1.45% POSI3 3.90 ▼ 2.26% SLCE3 13.47 ▼ 2.46% NATU3 8.66 ▲ 1.29% BRKM5 6.42 ▼ 6.00% RANI3 8.01 — 0.00% CSNA3 5.24 ▲ 0.77% CMIN3 5.18 ▲ 1.57% USIM5 8.20 ▼ 0.36% GGBR4 24.24 ▲ 3.95% ENEV3 27.02 ▼ 0.55% CPFE3 46.98 ▼ 0.47% CMIG4 11.16 ▼ 0.36% EQTL3 40.41 ▼ 1.32% LREN3 14.10 ▼ 1.33% VIVT3 35.37 ▼ 0.42% RAIL3 14.03 ▼ 0.71% KLABIN 17.44 ▲ 0.69% RAIA DROGASIL 18.75 ▲ 0.81% RDOR3 35.86 ▼ 0.53% HAPV3 10.95 ▼ 2.14% FLRY3 16.44 ▲ 0.18% SMTO3 15.50 ▼ 3.85% UGPA3 31.01 ▲ 2.99% VBBR3 33.62 ▲ 0.96% BBSE3 40.67 ▲ 0.69% BPAC11 57.51 ▼ 0.76% CURY3 32.87 ▼ 2.14% AERI3 2.03 ▼ 1.93% VIVARA 23.35 ▼ 0.34% COMPASS 24.96 ▼ 0.95% VAMOS 3.12 ▼ 0.95% SANB11 27.12 ▼ 0.80% ASAI3 8.71 ▲ 0.58% SBSP3 30.01 ▼ 1.09% WALMEX 49.93 ▲ 1.34% GMEXICO 200.60 ▲ 0.52% FEMSA 223.81 ▼ 2.40% CEMEX 22.67 ▲ 2.12% GFNORTE 183.95 ▼ 1.20% BIMBO 57.65 ▲ 2.29% TELEVISA 9.60 ▲ 0.73% AMX 22.83 ▼ 0.09% GAP 397.56 ▲ 0.58% ASUR 282.90 ▲ 2.65% OMA 236.64 ▲ 0.69% KOF 178.84 ▼ 0.58% GRUMA 282.04 ▲ 0.94% KIMBER 38.74 ▲ 0.78% SQM-B 65,850 ▼ 3.02% COPEC 6,246 ▲ 0.58% BSANTANDER 78.00 ▼ 0.81% FALABELLA 5,900 ▲ 0.43% ENELAM 85.13 ▼ 0.72% CENCOSUD 2,009 ▼ 1.52% CMPC 1,081 ▼ 1.99% BANCO CHILE 187.63 ▼ 0.99% LATAM AIR 25.47 ▲ 2.29% YPF 78,300 ▲ 0.68% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 670.50 ▲ 1.28% ALUAR 962.00 ▲ 1.37% TGS 9,800 ▲ 0.93% CEPU 2,352 ▲ 1.07% MIRGOR 16,850 ▲ 0.60% COME 45.69 ▼ 0.13% LOMA NEGRA 3,630 ▲ 2.76% BYMA 302.00 ▲ 0.33% TELECOM ARG 4,348 ▲ 0.35% ECOPETROL 16.10 ▼ 0.40% BANCOLOMBIA 81.60 ▼ 0.61% GRUPO AVAL 5.06 ▲ 2.22% CREDICORP 396.70 ▲ 1.14% SOUTHERN COPPER 180.71 ▼ 0.92% BUENAVENTURA 31.05 ▲ 0.06% MERCADOLIBRE 1,839 ▼ 1.89% NUBANK 13.90 ▼ 0.68% XP 17.00 ▲ 0.77% PAGSEGURO 9.13 ▼ 1.67% STONE 11.15 ▼ 1.37% GLOBANT 31.62 ▲ 2.26% TECNOGLASS 45.67 ▲ 3.24% GAP AIRPORT 229.10 ▲ 1.39% ASUR 282.90 ▲ 2.65% OMA AIRPORT 108.84 ▲ 1.11% AMX ADR 26.22 ▲ 0.15% FEMSA ADR 128.90 ▼ 3.21% CEMEX ADR 13.07 ▲ 2.07% PETROBRAS ADR 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Fernández’s Stance Regarding Maduro Impacts Brazil/Argentina Relationship

By · January 8, 2020 · 4 min read

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RIO DE JANEIRO, BRAZIL – Argentinian President Alberto Fernández has chosen to distance himself from the policy of isolation from Venezuela’s autocratic leader Nicolás Maduro that characterized his predecessor, Mauricio Macri.

The president who came to power in December is also unwilling to be an unconditional ally of the Venezuelan leader, unlike former president Cristina Kirchner (2007-2015), now Argentina’s vice-president.

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In its new foreign policy, Argentina, like Mexico, is betting on a third option to find a peaceful solution to Venezuela’s political and economic crisis.

“The Argentine government deeply regrets the events that took place today in the Bolivarian Republic of Venezuela“, said the Foreign Office in a communiqué issued on Sunday night.

Argentina repudiated the blockade by Parliament and the ruling maneuver that ended with the self-proclamation of the opposition dissident Luis Parra as President of the National Assembly of Venezuela, after his election with the support of Chavists under Maduro.

“The hostile acts suffered by deputies, journalists and members of the diplomatic body when attempting to enter the National Assembly building to elect the new authorities of its presidential board are unacceptable to democratic coexistence,” added the Ministry of Foreign Relations, now led by Felipe Solá.

Fernández’s government avoided speaking of a coup by Maduro in the National Assembly, but urged Venezuelan political forces to restore dialogue “on a basis of full respect for freedoms and institutional mechanisms”.

Argentina’s change of stance left Brazil as the main advocate of the hard-line against Maduro in the Lima Group, founded in 2017 to assist the Venezuelan opposition in its search for a solution to the crisis.

Just six months ago, under the presidency of Macri, the foreign ministers of the bloc’s member countries – including Peru, Colombia, Chile, and Paraguay – met in Buenos Aires to support Guaidó and warn that human rights violations “leave no room for some countries to continue supporting Maduro’s illegitimate regime”.

Argentina repudiated the blockade by Parliament and the ruling manoeuvre that ended with the self-proclamation of the opposition dissident Luis Parra as President of the National Assembly of Venezuela with the support of chavismo.
Argentina repudiated the blockade by Parliament allegedly forcing Juan Guaidó to climb the fence to enter the National Assembly of Venezuela. (Photo: Internet Reproduction)
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The Macri supporters, now in opposition, asked Fernández to immediately convene a Mercosur meeting to repudiate the appointment of new parliamentary authorities, a proposal that does not seem to be accepted.

“Preventing the access and the deliberation of the interim president [Juan Guaidó] and of more than 40 deputies by the Armed Forces and police not only delegitimizes the fraudulently elected deputy but also explicitly indicates a real ‘Coup d’Etat’ that cannot be endorsed or consented,” the conservative alliance’ Together for Change’ said in a statement.

Fernandez’s change of regional agenda is not limited to Venezuela, it is also visible with neighboring Brazil and Bolivia. Buenos Aires and Brasília are condemned to dealing with each other for their important bilateral trade, but the lack of harmony between the two presidents could complicate the relationship.

Jair Bolsonaro campaigned for Macri’s re-election and refused to congratulate the president-elect on his victory. Shortly thereafter, he suggested that should the Argentinian government refuse to join the free trade agreement signed between Mercosur and the European Union, “it will have to be removed” as a member of the regional bloc, in which Fernández is currently the only leader who is not from the right-wing.

The relationship with Bolivia is marked by the Argentinian government’s decision to grant Evo Morales asylum. From Buenos Aires, the former Bolivian president, who resigned after losing the support of the Armed Forces, attacks the interim Bolivian president, Jeanine Áñez, on a daily basis and attempts to determine the candidate for his party Movement for Socialism (MAS) who will contest the presidential elections on May 3rd.

Fernandez's change of regional agenda is not limited to Venezuela, it is also visible with neighboring Brazil and Bolivia.
Fernandez’s change of regional agenda is not limited to Venezuela, it is also visible with neighboring Brazil and Bolivia. (Photo: Internet Reproduction)

The United States, in favor of supporting Áñez and the electoral process, expressed unease over the stance adopted towards Caracas and the refuge granted to Morales.

On December 10th, a representative of Donald Trump’s cabinet flew to Buenos Aires for the inauguration of the Argentine president, but did not attend the ceremony upon learning that a member of Maduro’s government, condemned by Trump’s administration, was among those present.

Some US officials warned days ago that Argentina’s foreign policy could endanger their government’s support for the South American country in negotiations with the International Monetary Fund for debt repayment, and rule out any investment in shale gas and oil in the Vaca Muerta fields.

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