IBOV 177,158.86 ▲ 1.88% IPSA 11,030.67 ▲ 0.87% IPC MEX 67,327.01 ▲ 1.28% MERVAL 3,304,918 — 0.00% COLCAP 2,342.44 ▲ 1.64% BVL PERÚ 57,890.85 — — USD/BRL5.08▲ 0.37% USD/MXN17.37▲ 0.16% USD/CLP928.13▲ 0.22% USD/COP3,131▼ 2.17% USD/PEN3.39▲ 0.05% USD/ARS1,489▼ 0.03% USD/UYU40.20▲ 1.31% USD/PYG5,931▲ 0.69% USD/BOB12.10▲ 8.06% USD/DOP58.11▲ 0.35% USD/CRC448.40▲ 1.30% USD/GTQ7.62▲ 2.31% USD/HNL26.76▲ 0.39% USD/NIO36.62▲ 0.34% USD/VES744.76▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.67% USD/TTD6.72▲ 0.83% EUR/BRL5.83▼ 0.83% BRENT 90.28 ▲ 1.40% WTI 85.63 ▲ 2.44% IRON ORE 161.91 — — COPPER 6.45 ▲ 0.05% GOLD 4,082 ▼ 0.45% SILVER 57.40 ▼ 2.41% SOY 1,189 ▲ 0.96% CORN 463.75 ▲ 4.04% WHEAT 642.50 ▼ 3.17% COFFEE 310.10 ▼ 4.01% SUGAR 14.63 ▲ 1.39% ORANGE JUICE 147.80 ▲ 1.23% COTTON 81.82 ▲ 3.03% COCOA 5,476 ▲ 7.12% BEEF 227.75 ▼ 1.50% CATTLE 343.35 ▼ 0.90% LITHIUM 69.07 ▼ 1.06% PETR4 42.84 ▲ 2.00% VALE3 76.09 ▲ 1.39% ITUB4 42.74 ▲ 2.20% BBDC4 18.39 ▲ 0.22% ABEV3 15.96 ▲ 0.38% BBAS3 21.19 ▲ 1.97% B3SA3 15.63 ▲ 2.02% WEGE3 46.82 ▲ 2.59% PRIO3 59.96 ▲ 2.65% SUZB3 42.73 ▲ 1.02% RENT3 38.23 ▲ 2.11% AZZA3 15.86 ▼ 1.80% CSAN3 3.99 ▲ 2.57% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 2.49% GMAT3 3.98 ▲ 2.31% PSSA3 54.35 ▲ 1.00% CVCB3 1.30 ▲ 1.56% POSI3 3.52 ▼ 0.85% SLCE3 13.26 ▲ 1.30% NATU3 8.33 ▲ 0.73% BRKM5 5.93 ▲ 3.67% RANI3 8.03 ▲ 0.88% CSNA3 4.95 ▼ 4.81% CMIN3 5.72 ▼ 4.35% USIM5 7.55 ▼ 9.25% GGBR4 24.98 ▲ 0.77% ENEV3 26.15 ▲ 1.08% CPFE3 46.09 ▲ 2.90% CMIG4 11.23 ▲ 2.09% EQTL3 38.66 ▲ 2.22% LREN3 13.52 ▲ 1.20% VIVT3 32.63 ▲ 0.28% RAIL3 14.28 ▲ 2.37% KLABIN 18.05 ▲ 0.17% RAIA DROGASIL 18.25 ▲ 2.76% RDOR3 34.42 ▲ 1.68% HAPV3 11.01 ▲ 4.36% FLRY3 16.97 ▲ 0.83% SMTO3 14.40 ▲ 0.91% UGPA3 32.92 ▲ 2.88% VBBR3 35.63 ▲ 2.98% BBSE3 40.86 ▼ 0.15% BPAC11 56.62 ▲ 3.59% CURY3 30.40 ▲ 5.37% AERI3 2.13 ▲ 0.95% VIVARA 22.16 ▼ 0.85% COMPASS 24.84 ▲ 2.60% VAMOS 3.42 ▲ 3.32% SANB11 25.25 ▼ 1.48% ASAI3 8.41 ▲ 1.33% SBSP3 27.41 ▲ 3.01% WALMEX 50.13 ▼ 0.12% GMEXICO 213.03 ▲ 0.03% FEMSA 219.01 ▼ 0.15% CEMEX 20.62 ▼ 0.34% GFNORTE 200.08 ▼ 0.10% BIMBO 60.71 — 0.00% TELEVISA 9.94 ▲ 0.81% AMX 22.07 ▲ 0.32% GAP 385.22 ▲ 1.17% ASUR 276.56 ▲ 1.69% OMA 233.94 ▲ 0.55% KOF 188.45 ▲ 0.13% GRUMA 266.52 ▼ 0.92% KIMBER 40.37 ▲ 0.27% SQM-B 63,200 ▼ 0.14% COPEC 6,300 ▲ 1.78% BSANTANDER 81.00 ▲ 0.37% FALABELLA 6,220 — 0.00% ENELAM 87.65 — 0.00% CENCOSUD 1,950 ▲ 0.26% CMPC 1,030 — 0.00% BANCO CHILE 195.88 ▼ 0.47% LATAM AIR 24.89 ▼ 0.04% YPF 81,400 ▲ 2.04% GGAL 8,015 — 0.00% PAMPA 5,535 — 0.00% TXAR 648.00 — 0.00% ALUAR 979.50 — 0.00% TGS 9,810 — 0.00% CEPU 2,404 — 0.00% MIRGOR 16,725 ▲ 1.06% COME 44.90 — 0.00% LOMA NEGRA 3,685 — 0.00% BYMA 297.00 — 0.00% TELECOM ARG 4,315 — 0.00% ECOPETROL 16.90 ▼ 0.83% BANCOLOMBIA 93.92 ▲ 0.03% GRUPO AVAL 5.18 ▲ 0.58% CREDICORP 406.74 ▲ 1.11% SOUTHERN COPPER 182.35 ▼ 1.43% BUENAVENTURA 30.43 ▼ 4.50% MERCADOLIBRE 1,875 ▼ 0.56% NUBANK 14.44 ▼ 0.35% XP 17.33 ▲ 0.76% PAGSEGURO 9.83 ▼ 0.10% STONE 11.19 ▼ 2.10% GLOBANT 36.36 ▼ 0.08% TECNOGLASS 43.69 ▲ 0.22% GAP AIRPORT 221.50 ▲ 0.87% ASUR 276.56 ▲ 1.69% OMA AIRPORT 108.08 ▼ 0.01% AMX ADR 25.27 ▼ 0.20% FEMSA ADR 126.76 — 0.00% CEMEX ADR 11.78 ▼ 1.26% PETROBRAS ADR 19.14 ▲ 0.10% VALE ADR 14.87 ▼ 0.80% ITAU ADR 8.50 ▲ 0.65% SANTANDER BR 5.69 ▲ 12.57% AMBEV ADR 3.16 ▲ 1.28% CSN 1.01 — 0.00% GERDAU 4.91 ▼ 1.11% LATAM ADR 53.56 ▼ 0.70% BTC 63,207 ▼ 2.35% ETH 1,864 ▼ 2.77% SOL 73.14 ▼ 1.78% XRP 1.07 ▼ 1.70% BNB 588.16 ▼ 0.65% ADA 0.17 ▼ 0.40% DOGE 0.07 ▼ 1.99% AVAX 6.39 ▼ 0.69% LINK 8.13 ▼ 3.82% DOT 0.76 ▼ 1.57% LTC 44.98 ▼ 1.24% BCH 206.18 ▼ 5.00% TRX 0.33 ▼ 0.52% XLM 0.17 ▼ 1.65% HBAR 0.07 ▼ 0.98% NEAR 1.66 ▼ 0.91% ATOM 1.24 ▼ 3.48% AAVE 96.96 ▼ 2.50% SELIC 14.25% EMBRAER 86.14 ▲ 0.06% EMBRAER ADR 68.34 ▲ 0.34% JBS 14.09 ▼ 1.39% JBS BDR 72.15 ▼ 0.32% MBRF3 17.96 ▲ 7.80% MBRFY 3.47 — 0.00% INTER 5.69 ▲ 0.80% EGX 53,442 ▼ 0.35% USD/ZAR16.59▲ 0.57% USD/NGN1,364▲ 0.07% NIKKEI 64,362 ▲ 4.03% CSI300 4,588 ▲ 0.85% HSI 25,884 ▲ 0.10% NIFTY 24,384 ▲ 0.27% KOSPI 6,595 ▲ 17.91% JCI 6,236 ▲ 0.80% USD/JPY159.44▼ 0.06% 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0.45% SILVER 57.40 ▼ 2.41% SOY 1,189 ▲ 0.96% CORN 463.75 ▲ 4.04% WHEAT 642.50 ▼ 3.17% COFFEE 310.10 ▼ 4.01% SUGAR 14.63 ▲ 1.39% ORANGE JUICE 147.80 ▲ 1.23% COTTON 81.82 ▲ 3.03% COCOA 5,476 ▲ 7.12% BEEF 227.75 ▼ 1.50% CATTLE 343.35 ▼ 0.90% LITHIUM 69.07 ▼ 1.06% PETR4 42.84 ▲ 2.00% VALE3 76.09 ▲ 1.39% ITUB4 42.74 ▲ 2.20% BBDC4 18.39 ▲ 0.22% ABEV3 15.96 ▲ 0.38% BBAS3 21.19 ▲ 1.97% B3SA3 15.63 ▲ 2.02% WEGE3 46.82 ▲ 2.59% PRIO3 59.96 ▲ 2.65% SUZB3 42.73 ▲ 1.02% RENT3 38.23 ▲ 2.11% AZZA3 15.86 ▼ 1.80% CSAN3 3.99 ▲ 2.57% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 2.49% GMAT3 3.98 ▲ 2.31% PSSA3 54.35 ▲ 1.00% CVCB3 1.30 ▲ 1.56% POSI3 3.52 ▼ 0.85% SLCE3 13.26 ▲ 1.30% NATU3 8.33 ▲ 0.73% BRKM5 5.93 ▲ 3.67% RANI3 8.03 ▲ 0.88% CSNA3 4.95 ▼ 4.81% CMIN3 5.72 ▼ 4.35% USIM5 7.55 ▼ 9.25% GGBR4 24.98 ▲ 0.77% ENEV3 26.15 ▲ 1.08% CPFE3 46.09 ▲ 2.90% CMIG4 11.23 ▲ 2.09% EQTL3 38.66 ▲ 2.22% LREN3 13.52 ▲ 1.20% VIVT3 32.63 ▲ 0.28% RAIL3 14.28 ▲ 2.37% KLABIN 18.05 ▲ 0.17% RAIA DROGASIL 18.25 ▲ 2.76% RDOR3 34.42 ▲ 1.68% HAPV3 11.01 ▲ 4.36% FLRY3 16.97 ▲ 0.83% SMTO3 14.40 ▲ 0.91% UGPA3 32.92 ▲ 2.88% VBBR3 35.63 ▲ 2.98% BBSE3 40.86 ▼ 0.15% BPAC11 56.62 ▲ 3.59% CURY3 30.40 ▲ 5.37% AERI3 2.13 ▲ 0.95% VIVARA 22.16 ▼ 0.85% COMPASS 24.84 ▲ 2.60% VAMOS 3.42 ▲ 3.32% SANB11 25.25 ▼ 1.48% ASAI3 8.41 ▲ 1.33% SBSP3 27.41 ▲ 3.01% WALMEX 50.13 ▼ 0.12% GMEXICO 213.03 ▲ 0.03% FEMSA 219.01 ▼ 0.15% CEMEX 20.62 ▼ 0.34% GFNORTE 200.08 ▼ 0.10% BIMBO 60.71 — 0.00% TELEVISA 9.94 ▲ 0.81% AMX 22.07 ▲ 0.32% GAP 385.22 ▲ 1.17% ASUR 276.56 ▲ 1.69% OMA 233.94 ▲ 0.55% KOF 188.45 ▲ 0.13% GRUMA 266.52 ▼ 0.92% KIMBER 40.37 ▲ 0.27% SQM-B 63,200 ▼ 0.14% COPEC 6,300 ▲ 1.78% BSANTANDER 81.00 ▲ 0.37% FALABELLA 6,220 — 0.00% ENELAM 87.65 — 0.00% CENCOSUD 1,950 ▲ 0.26% CMPC 1,030 — 0.00% BANCO CHILE 195.88 ▼ 0.47% LATAM AIR 24.89 ▼ 0.04% YPF 81,400 ▲ 2.04% GGAL 8,015 — 0.00% PAMPA 5,535 — 0.00% TXAR 648.00 — 0.00% ALUAR 979.50 — 0.00% TGS 9,810 — 0.00% CEPU 2,404 — 0.00% MIRGOR 16,725 ▲ 1.06% COME 44.90 — 0.00% LOMA NEGRA 3,685 — 0.00% BYMA 297.00 — 0.00% TELECOM ARG 4,315 — 0.00% ECOPETROL 16.90 ▼ 0.83% BANCOLOMBIA 93.92 ▲ 0.03% GRUPO AVAL 5.18 ▲ 0.58% CREDICORP 406.74 ▲ 1.11% SOUTHERN COPPER 182.35 ▼ 1.43% BUENAVENTURA 30.43 ▼ 4.50% MERCADOLIBRE 1,875 ▼ 0.56% NUBANK 14.44 ▼ 0.35% XP 17.33 ▲ 0.76% PAGSEGURO 9.83 ▼ 0.10% STONE 11.19 ▼ 2.10% GLOBANT 36.36 ▼ 0.08% TECNOGLASS 43.69 ▲ 0.22% GAP AIRPORT 221.50 ▲ 0.87% ASUR 276.56 ▲ 1.69% OMA AIRPORT 108.08 ▼ 0.01% AMX ADR 25.27 ▼ 0.20% FEMSA ADR 126.76 — 0.00% CEMEX ADR 11.78 ▼ 1.26% PETROBRAS ADR 19.14 ▲ 0.10% VALE ADR 14.87 ▼ 0.80% ITAU ADR 8.50 ▲ 0.65% SANTANDER BR 5.69 ▲ 12.57% AMBEV ADR 3.16 ▲ 1.28% CSN 1.01 — 0.00% GERDAU 4.91 ▼ 1.11% LATAM ADR 53.56 ▼ 0.70% BTC 63,207 ▼ 2.35% ETH 1,864 ▼ 2.77% SOL 73.14 ▼ 1.78% XRP 1.07 ▼ 1.70% BNB 588.16 ▼ 0.65% ADA 0.17 ▼ 0.40% DOGE 0.07 ▼ 1.99% AVAX 6.39 ▼ 0.69% LINK 8.13 ▼ 3.82% DOT 0.76 ▼ 1.57% LTC 44.98 ▼ 1.24% BCH 206.18 ▼ 5.00% TRX 0.33 ▼ 0.52% XLM 0.17 ▼ 1.65% HBAR 0.07 ▼ 0.98% NEAR 1.66 ▼ 0.91% ATOM 1.24 ▼ 3.48% AAVE 96.96 ▼ 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Brazil Politics - Brazil

Lula Steps in as Mediator in Venezuela-Guyana Esequibo Dispute

By · December 7, 2023 · 2 min read

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Brazil’s President, Luiz Inácio Lula da Silva, is now mediating a dispute between Venezuela and Guyana.

This issue involves Esequibo, a region rich in oil and similar in size to Florida. Guyana controls it, but Venezuela has claimed it since the 19th century.

Lula, often an independent arbiter in global conflicts, faces this challenge as the issue surges in importance.

It threatens to overshadow an upcoming Mercosur summit in Rio de Janeiro.

Lula understands Brazil, South America’s largest country, needs to step in and ease tensions. He has spent considerable time discussing this with his foreign affairs advisors.

Lula has been a leftist ally to Venezuelan leaders Nicolás Maduro and Hugo Chávez. He plans to contact the presidents of both disputing countries shortly.

Lula Steps in as Mediator in Venezuela-Guyana Esequibo Dispute. (Photo Internet reproduction)
Lula Steps in as Mediator in Venezuela-Guyana Esequibo Dispute. (Photo Internet reproduction)
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Brasilia’s concern lies in Lula balancing ties between old ally Venezuela and Guyana, which has U.S. backing.

This concern heightened after Exxon Mobil Corp. found substantial oil reserves near Guyana.

The situation might get more complicated with Vladimir Putin’s involvement. Putin supports Venezuela’s socialist regime and plans to meet Maduro in Moscow.

This conflict presents a diplomatic tightrope for Lula. His approach has kept Brazil on good terms with countries of various ideologies.

His handling of this border issue contrasts with his efforts in distant conflicts, like the Russia-Ukraine war.

Lula hopes for a peaceful resolution in South America, stressing the need for calm and good sense in the region.

Background

The Esequibo region has a long history of dispute, dating back to the 19th century.

Venezuela’s claim is based on historical rights, while Guyana’s control is internationally recognized.

This dispute has remained mostly dormant but has recently escalated due to the discovery of oil.

The involvement of oil companies like Exxon Mobil has added an economic dimension to the territorial conflict.

This discovery makes the region strategically significant for both countries. Consequently, the stakes are higher, making mediation more complex.

Brazil’s role as a mediator is crucial given its geopolitical influence in South America. Lula’s experience in international diplomacy positions him well to navigate these complex waters.

His success or failure in this endeavor could set a precedent for future regional disputes.

Lula’s balanced approach reflects Brazil’s broader foreign policy of maintaining good relations with countries of varying political ideologies.

This strategy has historically allowed Brazil to act as a bridge between different geopolitical blocs.

The outcome of this mediation could influence South America’s political and economic landscape. Given the region’s oil reserves, it might also affect global energy markets.

Lula’s diplomatic skills are therefore under a significant test, with implications extending beyond South America.

 

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