IBOV 172,812.43 ▼ 0.32% IPSA 10,957.23 ▲ 0.55% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL5.08▼ 0.30% USD/MXN17.39▼ 0.23% USD/CLP934.31▼ 0.02% USD/COP3,239▼ 0.92% USD/PEN3.39▲ 0.09% USD/ARS1,477▼ 0.34% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▲ 0.31% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.73% USD/TTD6.73▲ 1.11% EUR/BRL5.79▼ 1.12% BRENT 91.09 ▲ 2.10% WTI 84.33 ▲ 1.32% IRON ORE 161.91 — — COPPER 6.56 ▲ 4.14% GOLD 4,079 ▲ 1.72% SILVER 59.34 ▲ 4.47% SOY 1,222 ▼ 0.31% CORN 474.75 ▲ 5.62% WHEAT 673.00 ▼ 0.15% COFFEE 322.30 ▼ 3.62% SUGAR 14.94 ▲ 0.81% ORANGE JUICE 146.85 ▼ 0.37% COTTON 80.03 ▲ 3.44% COCOA 5,590 ▲ 1.27% BEEF 223.00 ▼ 1.56% CATTLE 344.73 ▼ 2.07% LITHIUM 69.30 ▲ 3.56% PETR4 41.51 ▲ 0.87% VALE3 72.43 ▲ 0.70% ITUB4 42.44 ▲ 0.33% BBDC4 18.48 ▲ 0.38% ABEV3 15.80 ▲ 0.06% BBAS3 20.63 ▲ 2.28% B3SA3 15.03 ▼ 1.51% WEGE3 42.79 ▼ 0.79% PRIO3 58.49 ▲ 1.39% SUZB3 41.91 ▲ 0.05% RENT3 36.74 ▼ 2.00% AZZA3 17.86 ▼ 1.71% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.74 ▲ 5.38% GMAT3 3.82 ▼ 0.78% PSSA3 53.37 ▼ 1.53% CVCB3 1.14 ▲ 5.56% POSI3 3.74 ▲ 1.08% SLCE3 13.64 ▲ 0.52% NATU3 8.70 ▲ 0.81% BRKM5 5.92 ▼ 0.34% RANI3 7.87 ▼ 1.50% CSNA3 5.12 ▲ 0.99% CMIN3 5.47 ▲ 1.48% USIM5 8.31 ▲ 1.84% GGBR4 23.67 ▲ 0.21% ENEV3 25.32 ▼ 1.29% CPFE3 46.27 ▼ 0.11% CMIG4 11.00 ▼ 0.18% EQTL3 38.42 ▼ 2.21% LREN3 13.24 ▼ 0.53% VIVT3 35.48 ▼ 0.53% RAIL3 13.28 ▼ 2.14% KLABIN 17.50 ▲ 0.11% RAIA DROGASIL 18.50 ▼ 1.02% RDOR3 33.39 ▼ 5.81% HAPV3 11.33 ▼ 1.90% FLRY3 16.38 ▼ 1.09% SMTO3 15.43 ▲ 0.13% UGPA3 31.48 ▼ 0.69% VBBR3 33.48 ▼ 1.85% BBSE3 41.06 ▲ 0.02% BPAC11 55.43 ▼ 0.73% CURY3 29.55 ▼ 2.12% AERI3 2.06 ▼ 0.48% VIVARA 21.42 ▼ 2.46% COMPASS 24.32 ▼ 1.14% VAMOS 3.12 ▲ 0.97% SANB11 27.44 ▲ 1.59% ASAI3 8.20 ▲ 0.74% SBSP3 28.47 ▼ 1.76% WALMEX 49.40 ▲ 0.04% GMEXICO 207.00 ▲ 3.07% FEMSA 227.87 ▲ 0.40% CEMEX 22.00 ▲ 0.55% GFNORTE 184.81 ▲ 2.67% BIMBO 59.30 ▼ 0.34% TELEVISA 9.81 ▲ 1.03% AMX 22.71 ▼ 0.13% GAP 378.20 ▲ 0.00% ASUR 273.45 ▼ 0.34% OMA 225.46 ▼ 0.43% KOF 181.36 ▲ 0.30% GRUMA 286.64 ▼ 0.33% KIMBER 38.11 ▼ 0.73% SQM-B 64,780 ▲ 2.63% COPEC 6,370 ▲ 2.74% BSANTANDER 78.98 ▲ 3.80% FALABELLA 5,884 ▲ 0.15% ENELAM 84.90 ▲ 0.94% CENCOSUD 2,021 ▲ 1.29% CMPC 1,079 ▲ 1.21% BANCO CHILE 189.81 ▲ 1.78% LATAM AIR 24.48 ▲ 0.29% YPF 80,575 ▲ 1.74% GGAL 7,970 ▲ 1.59% PAMPA 5,455 ▲ 3.51% TXAR 667.00 ▼ 0.52% ALUAR 966.50 ▲ 0.73% TGS 9,615 ▲ 1.21% CEPU 2,332 ▲ 1.88% MIRGOR 16,850 ▼ 1.61% COME 43.17 ▲ 0.51% LOMA NEGRA 3,630 ▲ 1.61% BYMA 293.75 — 0.00% TELECOM ARG 4,188 ▲ 1.03% ECOPETROL 16.60 ▲ 3.56% BANCOLOMBIA 82.65 ▲ 2.26% GRUPO AVAL 4.97 ▲ 0.33% CREDICORP 394.54 ▲ 1.99% SOUTHERN COPPER 185.03 ▲ 5.69% BUENAVENTURA 31.24 ▲ 3.93% MERCADOLIBRE 1,807 ▼ 1.38% NUBANK 14.27 ▲ 1.97% XP 16.65 ▼ 0.92% PAGSEGURO 9.49 ▲ 2.10% STONE 11.19 ▲ 0.63% GLOBANT 32.09 ▼ 0.62% TECNOGLASS 45.71 ▼ 0.88% GAP AIRPORT 217.11 ▼ 0.00% ASUR 273.45 ▼ 0.34% OMA AIRPORT 103.98 ▼ 0.03% AMX ADR 26.07 ▼ 0.11% FEMSA ADR 131.10 ▲ 0.84% CEMEX ADR 12.67 ▲ 1.40% PETROBRAS ADR 18.41 ▲ 1.21% VALE ADR 14.25 ▲ 1.03% ITAU ADR 8.37 ▲ 0.60% SANTANDER BR 5.43 ▲ 1.02% AMBEV ADR 3.10 ▲ 0.65% CSN 1.02 ▲ 0.50% GERDAU 4.70 ▲ 0.32% LATAM ADR 52.64 ▲ 1.74% BTC 66,598 ▲ 2.10% ETH 1,926 ▲ 1.17% SOL 78.13 ▲ 0.43% XRP 1.15 ▲ 3.38% BNB 574.43 ▲ 0.65% ADA 0.17 ▲ 2.01% DOGE 0.07 ▲ 1.72% AVAX 6.63 ▲ 0.82% LINK 8.68 ▲ 1.07% DOT 0.85 ▲ 3.37% LTC 47.61 ▲ 0.58% BCH 225.31 ▲ 2.46% TRX 0.33 ▲ 0.63% XLM 0.19 ▲ 2.84% HBAR 0.07 ▲ 2.74% NEAR 1.94 ▼ 1.85% ATOM 1.49 ▼ 0.14% AAVE 95.75 ▲ 6.66% SELIC 14.25% EMBRAER 83.34 ▲ 0.06% EMBRAER ADR 65.65 ▼ 0.43% JBS 11.85 ▼ 1.54% JBS BDR 60.00 ▼ 1.30% MBRF3 15.21 ▲ 4.75% MBRFY 2.99 ▲ 2.75% INTER 5.54 ▼ 1.42% EGX 53,990 ▲ 1.63% USD/ZAR16.45▼ 0.46% USD/NGN1,376▼ 0.27% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY162.99▲ 0.30% USD/CNY6.76▼ 0.18% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD1.14▼ 0.03% GBP/USD1.34▼ 0.50% SPX 7,511 ▲ 0.91% DJI 52,320 ▲ 0.93% NDX 29,143 ▲ 1.88% RUT 2,977 ▲ 1.17% TSX 35,316 ▲ 1.02% VIX 17.14 ▼ 8.10% USD/CAD1.41▲ 0.24% US10Y 4.6260 ▲ 0.61% IBOV 172,812.43 ▼ 0.32% IPSA 10,957.23 ▲ 0.55% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL 5.08 ▼ 0.30% USD/MXN 17.39 ▼ 0.23% USD/CLP 934.31 ▼ 0.02% USD/COP 3,239 ▼ 0.92% USD/PEN 3.39 ▲ 0.09% USD/ARS 1,477 ▼ 0.30% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.02 ▲ 0.31% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.73% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.79 ▼ 1.12% BRENT 91.09 ▲ 2.10% WTI 84.33 ▲ 1.32% IRON ORE 161.91 — — COPPER 6.56 ▲ 4.14% GOLD 4,079 ▲ 1.72% SILVER 59.34 ▲ 4.47% SOY 1,222 ▼ 0.31% CORN 474.75 ▲ 5.62% WHEAT 673.00 ▼ 0.15% COFFEE 322.30 ▼ 3.62% SUGAR 14.94 ▲ 0.81% ORANGE JUICE 146.85 ▼ 0.37% COTTON 80.03 ▲ 3.44% COCOA 5,590 ▲ 1.27% BEEF 223.00 ▼ 1.56% CATTLE 344.73 ▼ 2.07% LITHIUM 69.30 ▲ 3.56% PETR4 41.51 ▲ 0.87% VALE3 72.43 ▲ 0.70% ITUB4 42.44 ▲ 0.33% BBDC4 18.48 ▲ 0.38% ABEV3 15.80 ▲ 0.06% BBAS3 20.63 ▲ 2.28% B3SA3 15.03 ▼ 1.51% WEGE3 42.79 ▼ 0.79% PRIO3 58.49 ▲ 1.39% SUZB3 41.91 ▲ 0.05% RENT3 36.74 ▼ 2.00% AZZA3 17.86 ▼ 1.71% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.74 ▲ 5.38% GMAT3 3.82 ▼ 0.78% PSSA3 53.37 ▼ 1.53% CVCB3 1.14 ▲ 5.56% POSI3 3.74 ▲ 1.08% SLCE3 13.64 ▲ 0.52% NATU3 8.70 ▲ 0.81% BRKM5 5.92 ▼ 0.34% RANI3 7.87 ▼ 1.50% CSNA3 5.12 ▲ 0.99% CMIN3 5.47 ▲ 1.48% USIM5 8.31 ▲ 1.84% GGBR4 23.67 ▲ 0.21% ENEV3 25.32 ▼ 1.29% CPFE3 46.27 ▼ 0.11% CMIG4 11.00 ▼ 0.18% EQTL3 38.42 ▼ 2.21% LREN3 13.24 ▼ 0.53% VIVT3 35.48 ▼ 0.53% RAIL3 13.28 ▼ 2.14% KLABIN 17.50 ▲ 0.11% RAIA DROGASIL 18.50 ▼ 1.02% RDOR3 33.39 ▼ 5.81% HAPV3 11.33 ▼ 1.90% FLRY3 16.38 ▼ 1.09% SMTO3 15.43 ▲ 0.13% UGPA3 31.48 ▼ 0.69% VBBR3 33.48 ▼ 1.85% BBSE3 41.06 ▲ 0.02% BPAC11 55.43 ▼ 0.73% CURY3 29.55 ▼ 2.12% AERI3 2.06 ▼ 0.48% VIVARA 21.42 ▼ 2.46% COMPASS 24.32 ▼ 1.14% VAMOS 3.12 ▲ 0.97% SANB11 27.44 ▲ 1.59% ASAI3 8.20 ▲ 0.74% SBSP3 28.47 ▼ 1.76% WALMEX 49.40 ▲ 0.04% GMEXICO 207.00 ▲ 3.07% FEMSA 227.87 ▲ 0.40% CEMEX 22.00 ▲ 0.55% GFNORTE 184.81 ▲ 2.67% BIMBO 59.30 ▼ 0.34% TELEVISA 9.81 ▲ 1.03% AMX 22.71 ▼ 0.13% GAP 378.20 ▲ 0.00% ASUR 273.45 ▼ 0.34% OMA 225.46 ▼ 0.43% KOF 181.36 ▲ 0.30% GRUMA 286.64 ▼ 0.33% KIMBER 38.11 ▼ 0.73% SQM-B 64,780 ▲ 2.63% COPEC 6,370 ▲ 2.74% BSANTANDER 78.98 ▲ 3.80% FALABELLA 5,884 ▲ 0.15% ENELAM 84.90 ▲ 0.94% CENCOSUD 2,021 ▲ 1.29% CMPC 1,079 ▲ 1.21% BANCO CHILE 189.81 ▲ 1.78% LATAM AIR 24.48 ▲ 0.29% YPF 80,575 ▲ 1.74% GGAL 7,970 ▲ 1.59% PAMPA 5,455 ▲ 3.51% TXAR 667.00 ▼ 0.52% ALUAR 966.50 ▲ 0.73% TGS 9,615 ▲ 1.21% CEPU 2,332 ▲ 1.88% MIRGOR 16,850 ▼ 1.61% COME 43.17 ▲ 0.51% LOMA NEGRA 3,630 ▲ 1.61% BYMA 293.75 — 0.00% TELECOM ARG 4,188 ▲ 1.03% ECOPETROL 16.60 ▲ 3.56% BANCOLOMBIA 82.65 ▲ 2.26% GRUPO AVAL 4.97 ▲ 0.33% CREDICORP 394.54 ▲ 1.99% SOUTHERN COPPER 185.03 ▲ 5.69% BUENAVENTURA 31.24 ▲ 3.93% MERCADOLIBRE 1,807 ▼ 1.38% NUBANK 14.27 ▲ 1.97% XP 16.65 ▼ 0.92% PAGSEGURO 9.49 ▲ 2.10% STONE 11.19 ▲ 0.63% GLOBANT 32.09 ▼ 0.62% TECNOGLASS 45.71 ▼ 0.88% GAP AIRPORT 217.11 ▼ 0.00% ASUR 273.45 ▼ 0.34% OMA AIRPORT 103.98 ▼ 0.03% AMX ADR 26.07 ▼ 0.11% FEMSA ADR 131.10 ▲ 0.84% CEMEX ADR 12.67 ▲ 1.40% PETROBRAS ADR 18.41 ▲ 1.21% VALE ADR 14.25 ▲ 1.03% ITAU ADR 8.37 ▲ 0.60% SANTANDER BR 5.43 ▲ 1.02% AMBEV ADR 3.10 ▲ 0.65% CSN 1.02 ▲ 0.50% GERDAU 4.70 ▲ 0.32% LATAM ADR 52.64 ▲ 1.74% BTC 66,598 ▲ 2.10% ETH 1,926 ▲ 1.17% SOL 78.13 ▲ 0.43% XRP 1.15 ▲ 3.38% BNB 574.43 ▲ 0.65% ADA 0.17 ▲ 2.01% DOGE 0.07 ▲ 1.72% AVAX 6.63 ▲ 0.82% LINK 8.68 ▲ 1.07% DOT 0.85 ▲ 3.37% LTC 47.61 ▲ 0.58% BCH 225.31 ▲ 2.46% TRX 0.33 ▲ 0.63% XLM 0.19 ▲ 2.84% HBAR 0.07 ▲ 2.74% NEAR 1.94 ▼ 1.85% ATOM 1.49 ▼ 0.14% AAVE 95.75 ▲ 6.66% SELIC 14.25% EMBRAER 83.34 ▲ 0.06% EMBRAER ADR 65.65 ▼ 0.43% JBS 11.85 ▼ 1.54% JBS BDR 60.00 ▼ 1.30% MBRF3 15.21 ▲ 4.75% MBRFY 2.99 ▲ 2.75% INTER 5.54 ▼ 1.42% EGX 53,990 ▲ 1.63% USD/ZAR 16.45 ▼ 0.26% USD/NGN 1,376 ▲ 0.02% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 163.00 ▲ 0.33% USD/CNY 6.7550 ▼ 0.04% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD 1.1412 ▼ 0.02% GBP/USD 1.3373 ▼ 0.39% SPX 7,511 ▲ 0.91% DJI 52,320 ▲ 0.93% NDX 29,143 ▲ 1.88% RUT 2,977 ▲ 1.17% TSX 35,316 ▲ 1.02% VIX 17.14 ▼ 8.10% USD/CAD 1.4098 ▲ 0.14% US10Y 4.6260 ▲ 0.61%
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Tuesday, July 21, 2026

Brazil Politics - Brazil

Justice Toffoli says Brazil is experiencing semi-presidentialism with STF as moderating power

By · November 17, 2021 · 1 min read

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RIO DE JANEIRO, BRAZIL – “We already have a semi-presidentialism with a moderating power control that is currently exercised by the Supreme Court. It is enough to look at this whole pandemic period,” the Justice said during his participation in the 9th Lisbon Legal Forum, in Portugal.

Toffoli stressed that “presiding over Brazil is not easy” and the debate on the issue is complex. The Justice stated that the Court, along with the National Congress, have taken action to mitigate the impacts of the pandemic in Brazil.

Federal Supreme Court (STF) Justice Dias Toffoli. (photo internet reproduction)
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Former Federal Prosecutor General José Levi Mello also advocated the adoption of a semi-presidentialist political system in the country. “It is only natural that it should be like this. Why not formalize the parliamentarization of the model or its semi-parliamentarization, or a semi-presidentialism? Because [parliamentarization] is already practiced to some extent,” José Levi said during the Lisbon event.

In July, Chamber of Deputies president Arthur Lira argued that Congress should discuss changes to Brazil’s governance system to provide greater stability to the executive branch, with semi-presidentialism as a model.

On Monday, Lira discussed semi-presidentialism at the same event where Toffoli spoke yesterday. The Chamber president said he considers that the model “can be the institutional lever that we need so much at times of acute political crisis.”

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