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% EGX 52,312 ▲ 0.54% USD/ZAR16.31▼ 0.11% USD/NGN1,376▼ 0.12% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.69▼ 0.43% USD/CNY6.78▼ 0.25% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD1.14▼ 0.10% GBP/USD1.34▲ 0.01% SPX 7,571 ▲ 0.37% DJI 52,668 ▲ 0.34% NDX 29,820 ▲ 0.31% RUT 2,980 ▼ 0.43% TSX 35,291 ▲ 0.26% VIX 15.28 ▼ 3.54% USD/CAD1.42▼ 0.10% US10Y 4.5690 ▲ 0.66% 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% EGX 52,312 ▲ 0.54% USD/ZAR 16.31 ▲ 0.01% USD/NGN 1,376 ▲ 0.08% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.69 ▼ 0.41% USD/CNY 6.7667 ▼ 0.37% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD 1.1419 ▼ 0.13% GBP/USD 1.3398 ▼ 0.04% SPX 7,571 ▲ 0.37% DJI 52,668 ▲ 0.34% NDX 29,820 ▲ 0.31% RUT 2,980 ▼ 0.43% TSX 35,291 ▲ 0.26% VIX 15.28 ▼ 3.54% USD/CAD 1.4152 ▼ 0.10% US10Y 4.5690 ▲ 0.66%
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Floods Wreak Havoc on Northern Brazil

By · May 19, 2009 · 3 min read

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By Nicole Pelligrino, Contributing Reporter

Flooding in Northern Brazil Photo Courtesy of Agencia Brasil
Flooding in Northern Brazil, photo courtesy of Agencia Brasil.
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RIO DE JANEIRO – Recent flooding in Brazil’s northern and northeastern regions, stretching from the Amazon to the Atlantic coast, has forced Brazilian authorities to reexamine the nation’s preparedness for such disasters. The torrential rains and their aftermath continue to haunt residents.

States of emergency have been declared throughout the region. Some 370,000 individuals have been rendered homeless, while 45 are missing or dead as a result of mudslides, poor drainage, overflowing riverbanks, and unnavigable currents during attempted escapes. Looting has been reported throughout the region. Residents have criticized that the delivery of food and water has been too slow, and the situation is dire.

Lula has cited climate change as the primary culprit of the floods, claiming “Brazil is feeling climate changes that are happening in the world, when there is a deep drought in a place where there’s never been one, when it rains in places where it never rains.” As the north was bombarded with rain, southern inland Brazil continues to experience it’s worst drought in eight decades. However, residents of southern Brazil’s Litoral region can recall the devastation of last November’s rains.

The Santa Catarina flood, displaced nearly 100,000 and killed nearly 100. Drinking water and food shortages prompted mass looting of supermarkets. Natural gas service was interrupted to Santa Catarina and neighboring Rio Grande do Sul after a mudslide ruptured a crucial pipeline. President Lula invested approximately R$1.5 billion into repairs and relief efforts.

The city of Rio de Janeiro is no stranger to devastating floods either. On January 11, 1966, a flash flood killed nearly 400 individuals, mainly in favelas, the result of mudslides which collapsed homes and displaced 50,000. The floods wreaked havoc in Ipanema and Copacabana, and much of the city had felt the effects of the storm by the following day. Much of the city lost power and even chic high-rise dwellers were left to deal with the wreckage left by the flood waters.

Though devastation of this magnitude is rare in the city of Rio, residents can attest to the flooding and drainage issues nearly every time the city experiences a significant, or at times, what should be a relatively inconsequential rainfall. “When it rains, the storm drains are so full, beyond capacity, that they shoot water back onto the street. The storm waters then go into shops, bars and restaurants. This isn’t just once in awhile; it happens at least once every two months or so, all year long. The city is simply not prepared to withstand considerable rainfall,” attests long-time Lapa resident Todd Teague.

Moacyr Duarte, a specialist in Risk Management and Emergency Planning at Coppe/UFRJ, claimed that Rio was ill-prepared for the heavy rains, citing a mixture of geographic issues and poor urban planning as the main culprits of the flooding quandry. He specifically criticized lack of investment in better drainage systems, and the city’s inability to deal with excess rain water.

In a study conducted by Carlos T.M. Tucci at the Insititute for Hydraulic Research at The Federal University of Rio Grande do Sul (UFRGS), he blames occupation of flood plains, and urban runoff from surrounding hills as the main culprits of flooding. Tucci cites urban population growth as a particularly pressing issue, maintaining that many Brazilian cities “lack […] planning and public investment to guide urban expansion.”

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