IBOV 168,498.45 ▲ 1.39% IPC MEX 71,393.57 ▲ 0.43% MERVAL 2,848,945 — — USD/BRL5.51▼ 0.03% USD/MXN18.61▼ 0.07% USD/CLP 975.74 — 0.00% USD/COP3,240▲ 0.03% USD/PEN3.44▼ 0.14% USD/ARS1,545▼ 0.03% USD/UYU40.31▲ 3.23% USD/PYG6,358▲ 6.40% USD/BOB11.81▲ 0.77% USD/DOP60.61▲ 4.08% USD/CRC448.27▲ 2.01% USD/GTQ7.64▲ 3.17% USD/HNL26.88▲ 3.19% USD/NIO 36.62 — 0.00% USD/VES895.29▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.83▲ 2.67% USD/TTD6.72▲ 2.44% EUR/BRL6.14▼ 0.59% BRENT 97.60 ▼ 0.73% WTI 90.49 ▼ 0.37% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.68% GOLD 4,064 ▼ 0.26% SILVER 51.64 ▼ 0.31% SOY 1,194 ▲ 1.08% CORN 441.50 ▲ 0.34% WHEAT 591.25 ▼ 1.34% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 130.55 ▲ 1.63% COTTON 78.54 ▼ 0.22% COCOA 5,119 ▼ 1.20% BEEF 214.05 ▼ 0.16% CATTLE 318.38 ▼ 2.05% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 — 0.00% VALE3 64.04 — 0.00% ITUB4 40.53 — 0.00% BBDC4 14.20 — 0.00% ABEV3 15.48 — 0.00% BBAS3 17.13 — 0.00% B3SA3 14.39 — 0.00% WEGE3 48.19 — 0.00% PRIO3 60.48 — 0.00% SUZB3 53.40 ▲ 2.12% RENT3 30.29 — 0.00% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 — 0.00% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 — 0.00% BRKM5 3.20 — 0.00% RANI3 8.53 ▲ 0.83% CSNA3 4.41 — 0.00% IBOV 168,498.45 ▲ 1.39% IPC MEX 71,393.57 ▲ 0.43% MERVAL 2,848,945 — — USD/BRL 5.51 ▼ 0.03% USD/MXN 18.62 ▼ 0.02% USD/CLP 975.74 — 0.00% USD/COP 3,240 ▲ 0.03% USD/PEN 3.44 ▼ 0.18% USD/ARS 1,545 ▼ 0.03% USD/UYU 40.31 ▲ 3.23% USD/PYG 6,358 ▲ 6.40% USD/BOB 11.81 ▲ 0.77% USD/DOP 60.61 ▲ 4.08% USD/CRC 448.27 ▲ 2.01% USD/GTQ 7.64 ▲ 3.17% USD/HNL 26.88 ▲ 3.19% USD/NIO 36.62 — 0.00% USD/VES 895.29 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.83 ▲ 2.67% USD/TTD 6.72 ▲ 2.44% EUR/BRL 6.14 ▼ 0.60% BRENT 97.60 ▼ 0.73% WTI 90.49 ▼ 0.37% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.68% GOLD 4,064 ▼ 0.26% SILVER 51.64 ▼ 0.31% SOY 1,194 ▲ 1.08% CORN 441.50 ▲ 0.34% WHEAT 591.25 ▼ 1.34% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 130.55 ▲ 1.63% COTTON 78.54 ▼ 0.22% COCOA 5,119 ▼ 1.20% BEEF 214.05 ▼ 0.16% CATTLE 318.38 ▼ 2.05% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 — 0.00% VALE3 64.04 — 0.00% ITUB4 40.53 — 0.00% BBDC4 14.20 — 0.00% ABEV3 15.48 — 0.00% BBAS3 17.13 — 0.00% B3SA3 14.39 — 0.00% WEGE3 48.19 — 0.00% PRIO3 60.48 — 0.00% SUZB3 53.40 ▲ 2.12% RENT3 30.29 — 0.00% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 — 0.00% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 — 0.00% BRKM5 3.20 — 0.00% RANI3 8.53 ▲ 0.83% CSNA3 4.41 — 0.00%
since 2009
Monday, November 9, 2026

Brazil Politics - Brazil

Appeals Court Overturns Decision Ordering Campaign Fund Use Against Coronavirus

By · · 2 min read

RIO DE JANEIRO, BRAZIL – The Presiding Judge of the Second Federal Court of Appeals, Reis Friede, overturned a decision by Federal Judge Frana Elizabeth Mendes, of Rio de Janeiro’s 26th Federal District Court, that granted a period of 96 hours for President Jair Bolsonaro and the President of the National Congress, Davi Alcolumbre, to decide on the transfer of federal election campaign funds to the fight against the coronavirus.

The electoral campaign fund, of almost R$2 billion (US$400 million) was created to fund political parties in their campaigns in the municipal elections this coming October.

Judge Reis Friede held that even though there is a great need for funds to fight the pandemic, the lower court had no power to invade the legislative and executive spheres of government, and the order would have created a national crisis.

Free daily brief — no card needed
Get every Brazil story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.
Federal Judge Frana Elizabeth Mendes, of Rio de Janeiro's 26th Federal Court, granted a period of 96 hours for President Jair Bolsonaro and the President of the National Congress, Davi Alcolumbre, to decide on the transfer of funds.
Federal Judge Frana Elizabeth Mendes granted a period of 96 hours for the President and Congress to decide on the transfer of funds.
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

In her ruling, the magistrate had argued that in a country “so punished by the chronic inefficiency of the health system even in a normal situation,” there can be no frozen resources for future and uncertain use in sponsoring electoral campaigns.

The judge further mentions that Brazil is discussing the allocation of resources for the Covid-19 fight on slightly more than two percent of the Gross Domestic Product (GDP), while in other countries, as in the United Kingdom and Spain, the aid amounts to as much as 17 percent.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Paraguay's Senate ousts its president after a bank failure”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. How we use AI · Report an error

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.