IBOV 174,907.87 ▼ 1.03% IPSA 10,956.85 ▲ 0.37% IPC MEX 66,247.47 ▼ 1.56% MERVAL 3,306,661 ▼ 0.39% COLCAP 2,290.71 ▲ 0.33% BVL PERÚ 58,287.01 — — USD/BRL5.06▼ 0.53% USD/MXN17.45▼ 0.40% USD/CLP944.70▼ 0.13% USD/COP3,196▼ 0.61% USD/PEN3.41▲ 0.29% USD/ARS1,494▲ 0.34% USD/UYU40.14▲ 1.38% USD/PYG6,022▲ 1.26% USD/BOB11.18▲ 4.51% USD/DOP57.99▼ 0.28% USD/CRC449.17▲ 1.76% USD/GTQ7.63▲ 2.33% USD/HNL26.75▲ 0.82% USD/NIO36.62▲ 0.26% USD/VES740.37▲ 0.46% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.29▲ 0.11% USD/TTD6.71▲ 0.92% EUR/BRL5.76▼ 0.34% BRENT 97.23 ▼ 3.44% WTI 89.77 ▼ 2.63% IRON ORE 161.91 — — COPPER 6.35 ▲ 0.67% GOLD 4,063 ▲ 0.41% SILVER 58.59 ▲ 1.36% SOY 1,247 ▲ 0.75% CORN 482.50 ▲ 3.99% WHEAT 669.75 ▼ 3.81% COFFEE 314.65 ▲ 1.70% SUGAR 14.62 ▼ 0.48% ORANGE JUICE 142.45 ▼ 2.96% COTTON 80.00 ▲ 0.20% COCOA 5,370 ▲ 1.30% BEEF 223.70 ▼ 0.75% CATTLE 345.13 ▲ 0.39% LITHIUM 68.14 ▼ 1.27% PETR4 42.74 ▼ 0.49% VALE3 75.06 ▼ 0.82% ITUB4 42.19 ▼ 0.87% BBDC4 18.57 ▼ 0.80% ABEV3 15.78 ▼ 0.88% BBAS3 20.60 ▼ 1.58% B3SA3 15.56 ▼ 0.58% WEGE3 46.16 ▲ 1.07% PRIO3 60.09 ▼ 0.74% SUZB3 42.21 ▼ 0.52% RENT3 37.25 ▲ 0.30% AZZA3 16.82 ▼ 1.35% CSAN3 3.84 ▼ 1.54% RAIZ4 0.28 ▲ 3.70% PCAR3 2.87 — 0.00% GMAT3 3.87 — 0.00% PSSA3 55.03 ▼ 0.27% CVCB3 1.34 ▲ 2.29% POSI3 3.61 ▼ 1.63% SLCE3 13.73 ▼ 0.29% NATU3 8.38 ▼ 2.10% BRKM5 6.13 ▼ 0.65% RANI3 7.94 ▲ 0.13% CSNA3 5.32 ▲ 0.38% CMIN3 5.81 ▼ 0.34% USIM5 8.45 ▼ 0.47% GGBR4 24.18 ▲ 0.50% ENEV3 25.17 ▼ 2.06% CPFE3 45.88 ▼ 0.74% CMIG4 11.09 ▼ 0.89% EQTL3 38.38 ▼ 1.64% LREN3 13.34 ▼ 0.22% VIVT3 35.32 ▲ 1.79% RAIL3 13.66 ▼ 2.15% KLABIN 17.44 ▼ 1.25% RAIA DROGASIL 18.09 ▼ 0.55% RDOR3 33.26 ▼ 1.22% HAPV3 10.28 ▼ 1.81% FLRY3 16.37 ▼ 1.27% SMTO3 15.34 ▼ 2.36% UGPA3 33.01 ▼ 1.14% VBBR3 35.38 ▼ 0.62% BBSE3 41.92 ▼ 1.13% BPAC11 55.32 ▼ 1.74% CURY3 29.74 ▲ 0.41% AERI3 2.03 ▲ 0.50% VIVARA 21.31 ▼ 0.65% COMPASS 24.82 ▼ 1.04% VAMOS 3.22 ▲ 0.31% SANB11 26.28 ▼ 1.31% ASAI3 7.87 ▼ 1.87% SBSP3 28.42 ▼ 1.15% WALMEX 47.56 ▲ 0.46% GMEXICO 208.75 ▼ 0.24% FEMSA 223.21 ▲ 0.39% CEMEX 21.38 ▼ 0.47% GFNORTE 191.21 ▲ 1.03% BIMBO 58.80 ▼ 0.47% TELEVISA 9.55 ▼ 2.45% AMX 22.90 ▲ 0.62% GAP 371.27 ▼ 1.38% ASUR 264.64 ▼ 1.93% OMA 224.72 ▼ 1.14% KOF 179.04 ▼ 0.37% GRUMA 267.76 ▼ 0.44% KIMBER 39.48 ▲ 0.53% SQM-B 65,831 ▲ 0.51% COPEC 6,359 ▲ 1.58% BSANTANDER 79.51 ▼ 0.61% FALABELLA 6,111 ▲ 0.87% ENELAM 84.90 ▼ 0.12% CENCOSUD 1,957 ▼ 0.56% CMPC 1,044 ▼ 0.66% BANCO CHILE 191.90 ▲ 0.62% LATAM AIR 23.60 ▲ 0.43% YPF 81,800 ▼ 0.82% GGAL 7,835 ▼ 1.38% PAMPA 5,590 ▼ 0.71% TXAR 671.50 ▼ 1.25% ALUAR 979.00 ▼ 0.36% TGS 9,890 ▼ 1.05% CEPU 2,389 ▼ 1.28% MIRGOR 16,550 ▼ 1.05% COME 42.90 ▲ 0.87% LOMA NEGRA 3,680 ▼ 2.26% BYMA 292.00 ▼ 0.17% TELECOM ARG 4,318 ▼ 0.17% ECOPETROL 16.40 ▲ 0.43% BANCOLOMBIA 87.57 ▲ 0.90% GRUPO AVAL 4.91 ▼ 0.61% CREDICORP 388.68 ▲ 0.27% SOUTHERN COPPER 179.96 ▼ 1.24% BUENAVENTURA 31.36 ▲ 0.13% MERCADOLIBRE 1,824 ▲ 1.40% NUBANK 14.12 ▼ 0.49% XP 16.87 ▲ 0.23% PAGSEGURO 9.37 ▼ 1.00% STONE 11.01 ▲ 0.23% GLOBANT 31.29 ▲ 2.22% TECNOGLASS 44.64 ▲ 2.06% GAP AIRPORT 213.48 ▼ 0.91% ASUR 264.64 ▼ 1.93% OMA AIRPORT 103.04 ▼ 1.06% AMX ADR 26.12 ▲ 0.64% FEMSA ADR 127.51 ▲ 0.34% CEMEX ADR 12.21 ▼ 0.41% PETROBRAS ADR 19.06 ▲ 0.32% VALE ADR 14.81 ▼ 0.17% ITAU ADR 8.31 ▼ 0.45% SANTANDER BR 5.32 ▼ 0.84% AMBEV ADR 3.10 ▲ 0.16% CSN 1.06 — 0.00% GERDAU 4.79 ▲ 0.42% LATAM ADR 50.40 ▲ 1.11% BTC 63,754 ▼ 1.98% ETH 1,854 ▼ 1.24% SOL 73.82 ▼ 2.69% XRP 1.09 ▼ 1.75% BNB 558.00 ▼ 1.58% ADA 0.16 ▼ 2.63% DOGE 0.07 ▼ 0.86% AVAX 6.20 ▼ 0.99% LINK 8.31 ▼ 1.80% DOT 0.79 ▼ 2.86% LTC 46.12 ▼ 1.72% BCH 209.03 ▼ 1.44% TRX 0.33 ▲ 0.46% XLM 0.18 ▼ 3.11% HBAR 0.07 ▼ 0.73% NEAR 1.84 ▼ 2.31% ATOM 1.39 ▼ 2.26% AAVE 94.19 ▼ 0.89% SELIC 14.25% EMBRAER 83.16 ▼ 0.29% EMBRAER ADR 65.53 ▲ 0.09% JBS 12.25 ▲ 0.95% JBS BDR 61.80 ▼ 0.03% MBRF3 15.23 ▼ 2.31% MBRFY 3.00 ▼ 2.91% INTER 5.45 ▼ 0.18% EGX 53,932 ▼ 0.11% USD/ZAR16.77▼ 0.27% USD/NGN1,363▼ 0.44% NIKKEI 64,611 ▼ 2.73% CSI300 4,649 ▼ 1.67% HSI 24,963 ▼ 0.98% NIFTY 23,767 ▼ 0.43% KOSPI 6,691 ▼ 5.72% JCI 6,196 ▼ 1.88% USD/JPY 163.77 — 0.00% USD/CNY6.76▼ 0.14% DAX 24,984 ▲ 0.89% CAC 8,337 ▲ 0.45% FTSE 10,709 ▲ 0.65% MIB 51,608 ▲ 0.57% IBEX 19,509 ▲ 1.26% STOXX 642.04 ▲ 0.43% EUR/USD1.14▲ 0.11% GBP/USD1.33▼ 0.25% SPX 7,411 ▲ 0.04% DJI 51,816 ▲ 0.20% NDX 28,239 ▼ 0.76% RUT 2,934 ▼ 0.20% TSX 35,316 ▲ 0.35% VIX 18.64 ▼ 0.32% USD/CAD1.41▼ 0.04% US10Y 4.6670 ▼ 0.77% IBOV 174,907.87 ▼ 1.03% IPSA 10,956.85 ▲ 0.37% IPC MEX 66,247.47 ▼ 1.56% MERVAL 3,306,661 ▼ 0.39% COLCAP 2,290.71 ▲ 0.33% BVL PERÚ 58,287.01 — — USD/BRL 5.06 ▼ 0.53% USD/MXN 17.45 ▼ 0.40% USD/CLP 944.70 ▼ 0.13% USD/COP 3,196 ▼ 0.61% USD/PEN 3.41 ▲ 0.29% USD/ARS 1,494 ▲ 0.34% USD/UYU 40.14 ▲ 1.38% USD/PYG 6,022 ▲ 1.26% USD/BOB 11.18 ▲ 4.51% USD/DOP 57.99 ▼ 0.28% USD/CRC 449.17 ▲ 1.76% USD/GTQ 7.63 ▲ 2.33% USD/HNL 26.75 ▲ 0.82% USD/NIO 36.62 ▲ 0.26% USD/VES 740.37 ▲ 0.46% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.29 ▲ 0.11% USD/TTD 6.71 ▲ 0.92% EUR/BRL 5.76 ▼ 0.34% BRENT 97.23 ▼ 3.44% WTI 89.77 ▼ 2.63% IRON ORE 161.91 — — COPPER 6.35 ▲ 0.67% GOLD 4,063 ▲ 0.41% SILVER 58.59 ▲ 1.36% SOY 1,247 ▲ 0.75% CORN 482.50 ▲ 3.99% WHEAT 669.75 ▼ 3.81% COFFEE 314.65 ▲ 1.70% SUGAR 14.62 ▼ 0.48% ORANGE JUICE 142.45 ▼ 2.96% COTTON 80.00 ▲ 0.20% COCOA 5,370 ▲ 1.30% BEEF 223.70 ▼ 0.75% CATTLE 345.13 ▲ 0.39% LITHIUM 68.14 ▼ 1.27% PETR4 42.74 ▼ 0.49% VALE3 75.06 ▼ 0.82% ITUB4 42.19 ▼ 0.87% BBDC4 18.57 ▼ 0.80% ABEV3 15.78 ▼ 0.88% BBAS3 20.60 ▼ 1.58% B3SA3 15.56 ▼ 0.58% WEGE3 46.16 ▲ 1.07% PRIO3 60.09 ▼ 0.74% SUZB3 42.21 ▼ 0.52% RENT3 37.25 ▲ 0.30% AZZA3 16.82 ▼ 1.35% CSAN3 3.84 ▼ 1.54% RAIZ4 0.28 ▲ 3.70% PCAR3 2.87 — 0.00% GMAT3 3.87 — 0.00% PSSA3 55.03 ▼ 0.27% CVCB3 1.34 ▲ 2.29% POSI3 3.61 ▼ 1.63% SLCE3 13.73 ▼ 0.29% NATU3 8.38 ▼ 2.10% BRKM5 6.13 ▼ 0.65% RANI3 7.94 ▲ 0.13% CSNA3 5.32 ▲ 0.38% CMIN3 5.81 ▼ 0.34% USIM5 8.45 ▼ 0.47% GGBR4 24.18 ▲ 0.50% ENEV3 25.17 ▼ 2.06% CPFE3 45.88 ▼ 0.74% CMIG4 11.09 ▼ 0.89% EQTL3 38.38 ▼ 1.64% LREN3 13.34 ▼ 0.22% VIVT3 35.32 ▲ 1.79% RAIL3 13.66 ▼ 2.15% KLABIN 17.44 ▼ 1.25% RAIA DROGASIL 18.09 ▼ 0.55% RDOR3 33.26 ▼ 1.22% HAPV3 10.28 ▼ 1.81% FLRY3 16.37 ▼ 1.27% SMTO3 15.34 ▼ 2.36% UGPA3 33.01 ▼ 1.14% VBBR3 35.38 ▼ 0.62% BBSE3 41.92 ▼ 1.13% BPAC11 55.32 ▼ 1.74% CURY3 29.74 ▲ 0.41% AERI3 2.03 ▲ 0.50% VIVARA 21.31 ▼ 0.65% COMPASS 24.82 ▼ 1.04% VAMOS 3.22 ▲ 0.31% SANB11 26.28 ▼ 1.31% ASAI3 7.87 ▼ 1.87% SBSP3 28.42 ▼ 1.15% WALMEX 47.56 ▲ 0.46% GMEXICO 208.75 ▼ 0.24% FEMSA 223.21 ▲ 0.39% CEMEX 21.38 ▼ 0.47% GFNORTE 191.21 ▲ 1.03% BIMBO 58.80 ▼ 0.47% TELEVISA 9.55 ▼ 2.45% AMX 22.90 ▲ 0.62% GAP 371.27 ▼ 1.38% ASUR 264.64 ▼ 1.93% OMA 224.72 ▼ 1.14% KOF 179.04 ▼ 0.37% GRUMA 267.76 ▼ 0.44% KIMBER 39.48 ▲ 0.53% SQM-B 65,831 ▲ 0.51% COPEC 6,359 ▲ 1.58% BSANTANDER 79.51 ▼ 0.61% FALABELLA 6,111 ▲ 0.87% ENELAM 84.90 ▼ 0.12% CENCOSUD 1,957 ▼ 0.56% CMPC 1,044 ▼ 0.66% BANCO CHILE 191.90 ▲ 0.62% LATAM AIR 23.60 ▲ 0.43% YPF 81,800 ▼ 0.82% GGAL 7,835 ▼ 1.38% PAMPA 5,590 ▼ 0.71% TXAR 671.50 ▼ 1.25% ALUAR 979.00 ▼ 0.36% TGS 9,890 ▼ 1.05% CEPU 2,389 ▼ 1.28% MIRGOR 16,550 ▼ 1.05% COME 42.90 ▲ 0.87% LOMA NEGRA 3,680 ▼ 2.26% BYMA 292.00 ▼ 0.17% TELECOM ARG 4,318 ▼ 0.17% ECOPETROL 16.40 ▲ 0.43% BANCOLOMBIA 87.57 ▲ 0.90% GRUPO AVAL 4.91 ▼ 0.61% CREDICORP 388.68 ▲ 0.27% SOUTHERN COPPER 179.96 ▼ 1.24% BUENAVENTURA 31.36 ▲ 0.13% MERCADOLIBRE 1,824 ▲ 1.40% NUBANK 14.12 ▼ 0.49% XP 16.87 ▲ 0.23% PAGSEGURO 9.37 ▼ 1.00% STONE 11.01 ▲ 0.23% GLOBANT 31.29 ▲ 2.22% TECNOGLASS 44.64 ▲ 2.06% GAP AIRPORT 213.48 ▼ 0.91% ASUR 264.64 ▼ 1.93% OMA AIRPORT 103.04 ▼ 1.06% AMX ADR 26.12 ▲ 0.64% FEMSA ADR 127.51 ▲ 0.34% CEMEX ADR 12.21 ▼ 0.41% PETROBRAS ADR 19.06 ▲ 0.32% VALE ADR 14.81 ▼ 0.17% ITAU ADR 8.31 ▼ 0.45% SANTANDER BR 5.32 ▼ 0.84% AMBEV ADR 3.10 ▲ 0.16% CSN 1.06 — 0.00% GERDAU 4.79 ▲ 0.42% LATAM ADR 50.40 ▲ 1.11% BTC 63,754 ▼ 1.98% ETH 1,854 ▼ 1.24% SOL 73.82 ▼ 2.69% XRP 1.09 ▼ 1.75% BNB 558.00 ▼ 1.58% ADA 0.16 ▼ 2.63% DOGE 0.07 ▼ 0.86% AVAX 6.20 ▼ 0.99% LINK 8.31 ▼ 1.80% DOT 0.79 ▼ 2.86% LTC 46.12 ▼ 1.72% BCH 209.03 ▼ 1.44% TRX 0.33 ▲ 0.46% XLM 0.18 ▼ 3.11% HBAR 0.07 ▼ 0.73% NEAR 1.84 ▼ 2.31% ATOM 1.39 ▼ 2.26% AAVE 94.19 ▼ 0.89% SELIC 14.25% EMBRAER 83.16 ▼ 0.29% EMBRAER ADR 65.53 ▲ 0.09% JBS 12.25 ▲ 0.95% JBS BDR 61.80 ▼ 0.03% MBRF3 15.23 ▼ 2.31% MBRFY 3.00 ▼ 2.91% INTER 5.45 ▼ 0.18% EGX 53,932 ▼ 0.11% USD/ZAR 16.83 ▲ 0.10% USD/NGN 1,363 ▼ 0.24% NIKKEI 64,611 ▼ 2.73% CSI300 4,649 ▼ 1.67% HSI 24,963 ▼ 0.98% NIFTY 23,767 ▼ 0.43% KOSPI 6,691 ▼ 5.72% JCI 6,196 ▼ 1.88% USD/JPY 163.77 — 0.00% USD/CNY 6.7616 ▼ 0.08% DAX 24,984 ▲ 0.89% CAC 8,337 ▲ 0.45% FTSE 10,709 ▲ 0.65% MIB 51,608 ▲ 0.57% IBEX 19,509 ▲ 1.26% STOXX 642.04 ▲ 0.43% EUR/USD 1.1380 ▼ 0.02% GBP/USD 1.3329 ▲ 0.10% SPX 7,411 ▲ 0.04% DJI 51,816 ▲ 0.20% NDX 28,239 ▼ 0.76% RUT 2,934 ▼ 0.20% TSX 35,316 ▲ 0.35% VIX 18.64 ▼ 0.32% USD/CAD 1.4093 ▲ 0.09% US10Y 4.6670 ▼ 0.77%
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Latin American and Caribbean governments agree to “strengthen” CELAC

By · July 28, 2021 · 3 min read

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RIO DE JANEIRO, BRAZIL – The Latin American and Caribbean States (CELAC) governments agreed to “strengthen” the regional organization after a meeting with foreign ministers held last week in Mexico City, which served to reflect on its future.

“Now more than ever, it is essential to understand that CELAC must be strengthened to face the challenges that persist, taking into consideration the need to adapt and adopt new approaches based on multilateralism,” the organization explained in its conclusions published today.

 Community of Latin American and Caribbean States (CELAC)
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The member states considered that CELAC, founded in 2010, “has positioned itself as a mechanism capable of achieving consensus, consensus-building and regional political dialogue.”

At the meeting of foreign ministers held on July 24 on the occasion of the 238th anniversary of the birth of the liberator Simón Bolívar, Mexican President Andrés Manuel López Obrador proposed turning CELAC into “something similar” to the European Union to replace the Organization of American States (OAS).

The Mexican government, which holds the temporary presidency of CELAC from 2020, has led, together with Argentina, a mechanism for the production and distribution of AstraZeneca vaccines for the region and the Latin American and Caribbean Space Agency (ALCE).

In their conclusions, the member states committed to “continue to promote cooperation”, design annual work plans, and “reach a consensus” on a new mechanism for rotating the CELAC presidency to “strengthen the leadership” of the organization.

The Latin American and Caribbean countries also agreed to “maintain a pragmatic leadership of CELAC” that prioritizes “common objectives” over “bilateral differences” among its members.

The fact is that in 2017, CELAC “experienced a situation of stagnation as a result of the lack of consensus regarding the type of integration to be achieved”.

But during the current presidency, Mexico “has sought to revitalize the mechanism, which made it possible to agree on political positions,” the document highlighted.

At the Mexico City meeting, representatives of opposing governments, such as the Colombian vice-president and foreign minister, Marta Lucía Ramírez, and the Venezuelan foreign minister, Jorge Arreaza, were seated at the same table.

CELAC

The Community of Latin American and Caribbean States (CELAC) is a regional bloc of Latin American and Caribbean states. It consists of 32 sovereign countries in the Americas.

CELAC is an example of a decade-long push for deeper integration within Latin America. It was created to deepen Latin American integration and by some to reduce the significant influence of the United States on the politics and economics of Latin America.

It is seen as an alternative to the Organization of American States (OAS), the regional body that was founded by the United States and 21 other Latin American nations, originally as a countermeasure to potential Soviet influence in the region.

CELAC is the successor of the Rio Group and the Latin American and Caribbean Summit on Integration and Development (CALC). In July 2010, CELAC selected President of Venezuela Hugo Chávez and President of Chile Sebastián Piñera, as co-chairs of the forum to draft statutes for the organization.

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