IBOV 175,063 ▼ 0.39% IPSA 10,897 ▲ 0.55% IPC MEX 68,866 ▼ 1.65% MERVAL 3,089,497 ▲ 0.57% COLCAP 2,182.57 ▼ 0.56% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.03 ▼ 0.13% USD/MXN 17.34 ▲ 0.10% USD/CLP 890.54 ▼ 0.12% USD/COP 3,640 ▲ 0.11% USD/PEN 3.39 ▼ 0.43% USD/ARS 1,409 ▼ 0.04% USD/UYU 40.09 ▲ 1.47% USD/PYG 6,039 ▲ 0.35% USD/BOB 6.85 ▲ 1.66% USD/DOP 58.50 ▲ 0.72% USD/CRC 449.56 ▲ 2.01% USD/GTQ 7.62 ▲ 2.26% USD/HNL 26.63 ▲ 1.71% USD/NIO 36.62 ▲ 0.71% USD/VES 548.00 ▲ 2.48% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 1.63% USD/JMD 155.98 ▲ 0.02% USD/TTD 6.74 ▲ 1.10% EUR/BRL 5.86 ▼ 0.54% BRENT 91.05 ▼ 2.84% WTI 87.34 ▼ 1.75% IRON ORE 161.91 — — COPPER 6.40 ▲ 0.05% GOLD 4,570 ▲ 1.57% SILVER 76.05 ▲ 0.53% SOY 1,200 ▲ 0.42% CORN 454.25 ▼ 0.33% WHEAT 623.75 ▼ 0.04% COFFEE 271.75 ▼ 0.91% SUGAR 14.28 ▲ 2.51% ORANGE JUICE 167.60 ▲ 0.30% COTTON 76.56 ▼ 0.27% COCOA 4,111 ▲ 0.29% BEEF 241.15 ▼ 4.09% CATTLE 352.88 ▼ 0.49% LITHIUM 87.50 ▲ 2.30% PETR4 42.51 ▼ 0.72% VALE3 83.96 ▲ 0.61% ITUB4 40.00 ▼ 0.79% BBDC4 17.90 ▼ 0.56% ABEV3 16.29 ▼ 1.93% BBAS3 20.61 ▼ 2.14% B3SA3 16.50 ▲ 0.12% WEGE3 43.72 ▲ 0.62% PRIO3 62.97 ▼ 0.02% SUZB3 41.69 ▼ 0.95% RENT3 42.82 — 0.00% AZZA3 19.85 ▼ 3.87% CSAN3 3.94 ▼ 1.75% RAIZ4 0.34 ▼ 19.05% PCAR3 1.96 ▼ 1.51% GMAT3 4.14 ▼ 2.82% PSSA3 48.28 ▼ 0.54% CVCB3 1.60 ▼ 5.33% POSI3 4.14 ▲ 0.24% SLCE3 15.90 ▲ 0.06% NATU3 10.10 ▲ 1.30% BRKM5 11.13 ▼ 1.68% RANI3 7.94 ▲ 0.13% CSNA3 6.80 ▲ 3.82% CMIN3 4.70 ▲ 1.51% USIM5 10.65 ▲ 4.11% GGBR4 23.50 ▼ 1.01% ENEV3 25.00 ▼ 0.56% NEOE3 33.80 — 0.00% CPFE3 43.03 ▼ 2.60% CMIG4 11.05 ▼ 0.99% EQTL3 38.20 ▲ 0.55% LREN3 15.00 ▲ 0.87% VIVT3 33.60 ▼ 0.97% RAIL3 13.85 ▼ 1.42% KLABIN 16.67 ▼ 0.66% RAIA DROGASIL 18.95 ▲ 2.43% RDOR3 34.47 ▲ 0.20% HAPV3 12.48 ▲ 0.65% FLRY3 15.74 ▼ 1.50% SMTO3 17.16 ▲ 0.12% UGPA3 26.91 ▼ 2.07% VBBR3 30.91 ▼ 0.35% BBSE3 34.58 ▼ 0.80% BPAC11 54.30 ▼ 1.25% CURY3 32.18 ▲ 2.22% AERI3 2.32 ▼ 0.43% VIVARA 22.15 ▼ 0.14% COMPASS 26.99 ▲ 1.85% VAMOS 3.19 ▼ 1.24% SANB11 27.22 ▼ 0.91% ASAI3 8.98 ▼ 2.92% SBSP3 28.16 ▼ 1.40% WALMEX 52.60 ▼ 3.63% GMEXICO 215.25 ▼ 0.17% FEMSA 209.22 ▼ 1.77% CEMEX 22.63 ▼ 1.35% GFNORTE 185.10 ▼ 2.32% BIMBO 58.87 ▼ 0.83% TELEVISA 9.70 ▼ 1.82% AMX 22.35 ▼ 1.15% GAP 411.98 ▼ 2.75% ASUR 300.63 ▼ 1.62% OMA 218.65 ▼ 0.90% KOF 185.60 ▼ 2.51% GRUMA 292.80 ▼ 1.38% KIMBER 38.26 ▼ 2.10% SQM-B 75,368 ▼ 0.09% COPEC 6,560 ▲ 1.78% BSANTANDER 71.40 ▼ 0.57% FALABELLA 5,875 ▲ 0.75% ENELAM 78.99 ▲ 0.60% CENCOSUD 2,180 ▲ 2.30% CMPC 1,120 — 0.00% BANCO CHILE 172.50 ▼ 0.37% LATAM AIR 23.76 ▲ 0.38% YPF 77,075 ▲ 0.59% GGAL 7,240 ▲ 1.33% PAMPA 4,993 ▲ 0.71% TXAR 670.50 ▼ 0.96% ALUAR 1,008 ▲ 1.36% TGS 9,130 ▲ 1.05% CEPU 2,264 ▼ 1.65% MIRGOR 16,850 ▼ 1.32% COME 47.19 ▼ 1.77% LOMA NEGRA 3,498 ▼ 2.03% BYMA 293.00 ▲ 0.51% TELECOM ARG 4,100 ▼ 1.32% ECOPETROL 14.79 ▼ 0.90% BANCOLOMBIA 69.19 ▼ 2.25% GRUPO AVAL 4.69 ▼ 1.47% CREDICORP 341.50 ▼ 1.94% SOUTHERN COPPER 194.88 ▲ 3.80% BUENAVENTURA 35.01 ▲ 1.10% MERCADOLIBRE 1,696 ▼ 0.04% NUBANK 13.05 ▲ 0.15% XP 16.96 ▼ 1.02% PAGSEGURO 9.33 ▲ 0.65% STONE 11.33 ▼ 0.18% GLOBANT 39.93 ▲ 2.86% TECNOGLASS 44.21 ▲ 2.60% GAP AIRPORT 238.11 ▼ 2.49% ASUR 300.63 ▼ 1.62% OMA AIRPORT 100.72 ▼ 1.44% AMX ADR 25.79 ▼ 0.69% FEMSA ADR 120.87 ▼ 1.47% CEMEX ADR 13.06 ▼ 1.14% PETROBRAS ADR 18.83 ▼ 0.69% VALE ADR 16.55 ▲ 0.24% ITAU ADR 7.88 ▼ 1.01% SANTANDER BR 5.44 ▼ 0.91% AMBEV ADR 3.20 ▼ 2.14% CSN 1.36 ▲ 3.03% GERDAU 4.65 ▼ 1.48% LATAM ADR 53.19 ▲ 0.11% BTC 73,515 ▼ 0.03% ETH 2,009 ▲ 0.05% SOL 81.94 ▼ 0.06% XRP 1.32 ▲ 0.13% BNB 638.10 ▲ 0.10% ADA 0.23 ▼ 0.09% DOGE 0.10 — 0.00% AVAX 8.90 ▼ 0.14% LINK 8.98 ▼ 0.15% DOT 1.21 ▼ 0.56% LTC 51.74 ▲ 0.30% BCH 299.96 ▲ 0.03% TRX 0.34 ▼ 3.14% XLM 0.21 ▲ 1.81% HBAR 0.09 ▲ 0.22% NEAR 2.49 ▲ 2.98% ATOM 2.03 ▼ 1.79% AAVE 81.97 ▲ 1.59% SELIC 14.50% EMBRAER 73.60 ▲ 0.14% EMBRAER ADR 58.40 ▲ 0.57% JBS 12.94 ▼ 2.12% JBS BDR 65.03 ▼ 2.69% MBRF3 16.29 — 0.00% MBRFY 3.23 ▲ 1.89% INTER 6.34 ▼ 1.09% IBOV 175,063 ▼ 0.39% IPSA 10,897 ▲ 0.55% IPC MEX 68,866 ▼ 1.65% MERVAL 3,089,497 ▲ 0.57% COLCAP 2,182.57 ▼ 0.56% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.03 ▼ 0.13% USD/MXN 17.34 ▲ 0.10% USD/CLP 890.54 ▼ 0.12% USD/COP 3,640 ▲ 0.11% USD/PEN 3.39 ▼ 0.43% USD/ARS 1,409 ▼ 0.04% USD/UYU 40.09 ▲ 1.47% USD/PYG 6,039 ▲ 0.35% USD/BOB 6.85 ▲ 1.66% USD/DOP 58.50 ▲ 0.72% USD/CRC 449.56 ▲ 2.01% USD/GTQ 7.62 ▲ 2.26% USD/HNL 26.63 ▲ 1.71% USD/NIO 36.62 ▲ 0.71% USD/VES 548.00 ▲ 2.48% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 1.63% USD/JMD 155.98 ▲ 0.02% USD/TTD 6.74 ▲ 1.10% EUR/BRL 5.86 ▼ 0.54% BRENT 91.05 ▼ 2.84% WTI 87.34 ▼ 1.75% IRON ORE 161.91 — — COPPER 6.40 ▲ 0.05% GOLD 4,570 ▲ 1.57% SILVER 76.05 ▲ 0.53% SOY 1,200 ▲ 0.42% CORN 454.25 ▼ 0.33% WHEAT 623.75 ▼ 0.04% COFFEE 271.75 ▼ 0.91% SUGAR 14.28 ▲ 2.51% ORANGE JUICE 167.60 ▲ 0.30% COTTON 76.56 ▼ 0.27% COCOA 4,111 ▲ 0.29% BEEF 241.15 ▼ 4.09% CATTLE 352.88 ▼ 0.49% LITHIUM 87.50 ▲ 2.30% PETR4 42.51 ▼ 0.72% VALE3 83.96 ▲ 0.61% ITUB4 40.00 ▼ 0.79% BBDC4 17.90 ▼ 0.56% ABEV3 16.29 ▼ 1.93% BBAS3 20.61 ▼ 2.14% B3SA3 16.50 ▲ 0.12% WEGE3 43.72 ▲ 0.62% PRIO3 62.97 ▼ 0.02% SUZB3 41.69 ▼ 0.95% RENT3 42.82 — 0.00% AZZA3 19.85 ▼ 3.87% CSAN3 3.94 ▼ 1.75% RAIZ4 0.34 ▼ 19.05% PCAR3 1.96 ▼ 1.51% GMAT3 4.14 ▼ 2.82% PSSA3 48.28 ▼ 0.54% CVCB3 1.60 ▼ 5.33% POSI3 4.14 ▲ 0.24% SLCE3 15.90 ▲ 0.06% NATU3 10.10 ▲ 1.30% BRKM5 11.13 ▼ 1.68% RANI3 7.94 ▲ 0.13% CSNA3 6.80 ▲ 3.82% CMIN3 4.70 ▲ 1.51% USIM5 10.65 ▲ 4.11% GGBR4 23.50 ▼ 1.01% ENEV3 25.00 ▼ 0.56% NEOE3 33.80 — 0.00% CPFE3 43.03 ▼ 2.60% CMIG4 11.05 ▼ 0.99% EQTL3 38.20 ▲ 0.55% LREN3 15.00 ▲ 0.87% VIVT3 33.60 ▼ 0.97% RAIL3 13.85 ▼ 1.42% KLABIN 16.67 ▼ 0.66% RAIA DROGASIL 18.95 ▲ 2.43% RDOR3 34.47 ▲ 0.20% HAPV3 12.48 ▲ 0.65% FLRY3 15.74 ▼ 1.50% SMTO3 17.16 ▲ 0.12% UGPA3 26.91 ▼ 2.07% VBBR3 30.91 ▼ 0.35% BBSE3 34.58 ▼ 0.80% BPAC11 54.30 ▼ 1.25% CURY3 32.18 ▲ 2.22% AERI3 2.32 ▼ 0.43% VIVARA 22.15 ▼ 0.14% COMPASS 26.99 ▲ 1.85% VAMOS 3.19 ▼ 1.24% SANB11 27.22 ▼ 0.91% ASAI3 8.98 ▼ 2.92% SBSP3 28.16 ▼ 1.40% WALMEX 52.60 ▼ 3.63% GMEXICO 215.25 ▼ 0.17% FEMSA 209.22 ▼ 1.77% CEMEX 22.63 ▼ 1.35% GFNORTE 185.10 ▼ 2.32% BIMBO 58.87 ▼ 0.83% TELEVISA 9.70 ▼ 1.82% AMX 22.35 ▼ 1.15% GAP 411.98 ▼ 2.75% ASUR 300.63 ▼ 1.62% OMA 218.65 ▼ 0.90% KOF 185.60 ▼ 2.51% GRUMA 292.80 ▼ 1.38% KIMBER 38.26 ▼ 2.10% SQM-B 75,368 ▼ 0.09% COPEC 6,560 ▲ 1.78% BSANTANDER 71.40 ▼ 0.57% FALABELLA 5,875 ▲ 0.75% ENELAM 78.99 ▲ 0.60% CENCOSUD 2,180 ▲ 2.30% CMPC 1,120 — 0.00% BANCO CHILE 172.50 ▼ 0.37% LATAM AIR 23.76 ▲ 0.38% YPF 77,075 ▲ 0.59% GGAL 7,240 ▲ 1.33% PAMPA 4,993 ▲ 0.71% TXAR 670.50 ▼ 0.96% ALUAR 1,008 ▲ 1.36% TGS 9,130 ▲ 1.05% CEPU 2,264 ▼ 1.65% MIRGOR 16,850 ▼ 1.32% COME 47.19 ▼ 1.77% LOMA NEGRA 3,498 ▼ 2.03% BYMA 293.00 ▲ 0.51% TELECOM ARG 4,100 ▼ 1.32% ECOPETROL 14.79 ▼ 0.90% BANCOLOMBIA 69.19 ▼ 2.25% GRUPO AVAL 4.69 ▼ 1.47% CREDICORP 341.50 ▼ 1.94% SOUTHERN COPPER 194.88 ▲ 3.80% BUENAVENTURA 35.01 ▲ 1.10% MERCADOLIBRE 1,696 ▼ 0.04% NUBANK 13.05 ▲ 0.15% XP 16.96 ▼ 1.02% PAGSEGURO 9.33 ▲ 0.65% STONE 11.33 ▼ 0.18% GLOBANT 39.93 ▲ 2.86% TECNOGLASS 44.21 ▲ 2.60% GAP AIRPORT 238.11 ▼ 2.49% ASUR 300.63 ▼ 1.62% OMA AIRPORT 100.72 ▼ 1.44% AMX ADR 25.79 ▼ 0.69% FEMSA ADR 120.87 ▼ 1.47% CEMEX ADR 13.06 ▼ 1.14% PETROBRAS ADR 18.83 ▼ 0.69% VALE ADR 16.55 ▲ 0.24% ITAU ADR 7.88 ▼ 1.01% SANTANDER BR 5.44 ▼ 0.91% AMBEV ADR 3.20 ▼ 2.14% CSN 1.36 ▲ 3.03% GERDAU 4.65 ▼ 1.48% LATAM ADR 53.19 ▲ 0.11% BTC 73,515 ▼ 0.03% ETH 2,009 ▲ 0.05% SOL 81.94 ▼ 0.06% XRP 1.32 ▲ 0.13% BNB 638.10 ▲ 0.10% ADA 0.23 ▼ 0.09% DOGE 0.10 — 0.00% AVAX 8.90 ▼ 0.14% LINK 8.98 ▼ 0.15% DOT 1.21 ▼ 0.56% LTC 51.74 ▲ 0.30% BCH 299.96 ▲ 0.03% TRX 0.34 ▼ 3.14% XLM 0.21 ▲ 1.81% HBAR 0.09 ▲ 0.22% NEAR 2.49 ▲ 2.98% ATOM 2.03 ▼ 1.79% AAVE 81.97 ▲ 1.59% SELIC 14.50% EMBRAER 73.60 ▲ 0.14% EMBRAER ADR 58.40 ▲ 0.57% JBS 12.94 ▼ 2.12% JBS BDR 65.03 ▼ 2.69% MBRF3 16.29 — 0.00% MBRFY 3.23 ▲ 1.89% INTER 6.34 ▼ 1.09%
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Friday, May 29, 2026

Latin America Argentina

Five South American Nations Sign Regional Pact Against Organized Crime

By · May 29, 2026 · 5 min read

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LATIN AMERICA · SECURITY

Key Facts

The headline: Foreign ministers of Chile, Argentina, Bolivia, Ecuador and Peru signed a regional cooperation pact in Santiago on Thursday, a South American organized crime pact that will create a permanent working group on transnational gangs.

Five priorities: The Compromiso Regional de Santiago, as the agreement is called in Spanish, sets five areas of joint work: intelligence sharing, border control, illicit financial flows, technical cooperation and regional response mechanisms.

Calendar: The working group will hold its first meeting in 90 days, with leadership rotating annually in alphabetical order, and the five chancellors will reconvene in 180 days, likely in Buenos Aires, to review progress.

Next step abroad: Chilean foreign minister Francisco Pérez Mackenna said the next move is to present the agreement to the 46th General Assembly of the Organization of American States, the OAS, to invite more countries onto the initiative.

Latin American impact: The pact ties together five governments of differing political colors around shared security goals across more than half the continent’s southern landmass.

Five South American Nations Sign Regional Pact Against Organized Crime. (Photo Internet reproduction)

The new South American organized crime pact signed in Santiago on Thursday brings together five governments from Cape Horn to the Andes for a coordinated response to transnational gangs. Foreign ministers from Chile, Argentina, Bolivia, Ecuador and Peru committed to share intelligence and align legal tools against networks that operate freely across borders.

What the South American organized crime pact actually does

The high-level meeting was hosted at the Chilean foreign ministry in Santiago and convened by host minister Francisco Pérez Mackenna. He led discussions with Argentine foreign minister Pablo Quirno, Bolivian foreign minister Fernando Aramayo, Ecuadorian foreign minister Gabriela Sommerfeld and Peruvian foreign minister Carlos Pareja. Several countries also sent their security ministers.

Chilean president José Antonio Kast inaugurated the session. Argentine security minister Alejandra Monteoliva attended with Quirno, while Peru sent interior minister José Zapata alongside Pareja and Ecuador included deputy security minister Jorge Rivadeneira. Chilean security minister Martín Arrau and national prosecutor Ángel Valencia rounded out the host delegation.

The signed document instructs a permanent technical and operational working group to draft a joint action plan with measurable, verifiable results. Leadership of the group will rotate annually in alphabetical order among the five member states. The first meeting is scheduled within 90 days of the signing.

Five priority areas in the South American organized crime pact

The agreement identifies five priority areas. The first is intelligence cooperation, including real-time exchange of investigative information between national police and prosecutors. The second is reinforced border control across the long shared frontiers of the Andes and the Amazon.

The third area focuses on illicit financial flows, taking in money laundering, tax evasion and financial intelligence work. The fourth covers technical and legal cooperation, with the explicit goal of harmonizing investigative tools across jurisdictions. The fifth area is the creation of permanent regional response mechanisms rather than ad hoc summits.

Chilean prosecutor Ángel Valencia called on member states to move from joint investigative teams toward what he termed mixed investigation bodies. The shift would require legal and treaty changes in each country to align investigative standards and elevate criminal pursuit across borders.

Why South American governments converged now

The signatories span a political spectrum from the conservative governments of Chile under Kast and Argentina under Javier Milei, to the Andean coalitions led by Bolivia under Rodrigo Paz, Ecuador under Daniel Noboa and Peru under Dina Boluarte. The convergence around security policy cuts across those ideological lines.

Each delegation arrived with a specific national diagnosis. Bolivia faces armed groups that Aramayo said are funded by organized crime and are challenging constitutional order in parts of the country. Ecuador, where homicide rates surged after 2022, has placed transnational narcotrafficking at the top of its foreign policy agenda.

Peru and Chile share growing concerns over the Venezuelan-origin gang Tren de Aragua and prison-born networks that move members and contraband through Andean corridors. Argentina has placed Rosario, its main grain port, at the center of an anti-narcotics push under Monteoliva.

From the signing room: voices on the record

Pérez Mackenna told the gathering that, given the cross-border nature of the problem, national efforts on their own are insufficient and must be complemented by political cooperation, technical coordination and information sharing. Kast, addressing the chancellors, framed the moment as historic and invoked the regional liberation tradition of figures such as Bolívar, San Martín, O’Higgins and Sucre.

Quirno called the agreement a milestone that turns political will into method and mechanism. Aramayo of Bolivia stressed that the document is not a declaration of intent but a commitment to operational delivery, saying member countries cannot afford to be defeated by organized crime financiers operating across their territories.

Sommerfeld of Ecuador called for joint, coordinated and timely actions to strengthen state capacities. Pareja of Peru emphasized the need for permanent rather than episodic coordination. Arrau, the Chilean security minister, said the test will be whether the group reconvenes to measure concrete results rather than simply take another photograph.

What comes next for the South American organized crime pact

The technical working group meets within 90 days. Six months after the Santiago signing the five foreign ministers will reconvene to review what has been done. Buenos Aires is the likely venue for that second meeting, with Argentine hosting reflecting the alphabetical rotation of leadership.

Chile will also carry the framework to the 46th General Assembly of the OAS later this year. Pérez Mackenna said the goal is to recruit additional American states to the agreement and to anchor it within the inter-American system.

Brazil, Colombia and Paraguay are watching the development closely. Each carries significant transnational crime exposure of its own and any expansion of the pact to include them would alter the regional balance of cooperation. None attended the Santiago signing.

Frequently Asked Questions

What is the Compromiso Regional de Santiago?

It is a regional cooperation agreement signed by the foreign ministers of Chile, Argentina, Bolivia, Ecuador and Peru on May 28, 2026, in Santiago. It establishes a permanent working group on transnational organized crime with five priority areas.

Which countries signed the pact?

Chile hosted as convener and was joined by Argentina, Bolivia, Ecuador and Peru. Foreign ministers led their delegations and several countries also sent security ministers and deputy security ministers.

What are the five priority areas?

The five priority areas are intelligence sharing, border control, illicit financial flows, technical and legal cooperation, and permanent regional response mechanisms. A working group will translate these into a joint action plan.

When will the chancellors meet again?

The next ministerial meeting is scheduled in 180 days, likely in Buenos Aires. The technical working group will hold its first meeting in 90 days, with leadership rotating annually in alphabetical order.

Will more countries join?

Chile plans to present the agreement at the 46th General Assembly of the OAS and to invite additional American states to participate. Brazil, Colombia and Paraguay were not present at the Santiago signing.

Connected Coverage

For the broader political backdrop in Chile, see our piece on the Chile state of the nation preview. Also read our analysis of the Peruvian segunda vuelta market read and our coverage of Venezuela’s oil reopening.

The Rio Times — Friday, May 29, 2026 — 03:00 BRT — By Sofia Gabriela Martinez

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