IBOV 175,291.26 ▲ 0.40% IPSA 11,425.13 ▲ 0.49% IPC MEX 66,090.98 ▼ 0.15% MERVAL 3,021,239 ▼ 0.12% COLCAP 2,495.01 ▼ 0.39% BVL PERÚ 60,629.82 ▲ 0.13% USD/BRL5.16▲ 0.24% USD/MXN16.97▲ 0.06% USD/CLP925.63▲ 0.43% USD/COP3,161▲ 2.17% USD/PEN3.35▲ 0.16% USD/ARS1,512▼ 0.15% USD/UYU40.25▲ 1.53% USD/PYG5,905▲ 0.48% USD/BOB11.65▲ 2.81% USD/DOP58.25▲ 0.75% USD/CRC448.38▲ 1.62% USD/GTQ7.63▲ 2.37% USD/HNL26.83▲ 1.77% USD/NIO36.62▲ 0.79% USD/VES789.35▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 1.14% EUR/BRL6.01▲ 0.18% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 175,291.26 ▲ 0.40% IPSA 11,425.13 ▲ 0.49% IPC MEX 66,090.98 ▼ 0.15% MERVAL 3,021,239 ▼ 0.12% COLCAP 2,495.01 ▼ 0.39% BVL PERÚ 60,629.82 ▲ 0.13% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Thursday, August 27, 2026

2016 Olympics Politics - Brazil

Olympic Committee Arrives in Rio

By · May 5, 2009 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

By Philip Sever, Contributing Reporter

Sergio Cabral and Eduardo Paes Photographer Carlos Magno
Sergio Cabral and Eduardo Paes, photo by Carlos Magno.
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

RIO DE JANEIRO – Last Wednesday (April 29) the International Olympic Committee arrived in Rio to discuss the city’s bid for the 2016 Olympic Games. The meeting began at the Copacabana Palace Hotel where the thirteen IOC members were met by the Governor Sergio Cabral, Mayor Eduardo Paes, the Minister for Sports Orlando Silva, the Minister for Tourism Luiz Barretto and the Minister for Cities Marcio Fortes, as well as the president of Banco Central (BC) Henrique Meirelles.

The thirteen delegates from the Commission are charged with evaluating Rio’s bid for the 2016 Olympics and to ultimately decide which is the strongest candidate city – Rio, Tokyo, Madrid or Chicago.

The IOC stayed in Rio until Saturday, when they moved on to the fourth and final city of the tour, Madrid. On Thursday they met with President Lula and the Foreign Minister Celso Amorim, who have both fully backed the city’s bid and went on an interpersonal charm offensive. In contrast, Barack Obama sent a video taped message to the delegates during their visit to Chicago, and Rio’s team hopes that the personal touch will not have gone unnoticed.

On Friday the IOC were taken on a tour of the venues where the games will be held, and Paes even took part in a running race with Nawal el-Moutawakel, an IOC member from Morrocco and herself a former Olympic gold medallist, whilst others were treated to a dribbling lesson from Pele.

After the photo opportunities Ricardo Leyser, a minister for the Department for Sport, together with 574 civil servants made a presentation about how the sporting venues and Olympic village will be constructed, providing assurances on funding and ticket pricing, and using both 2007s Pan American Games and the 2014 World Cup as crucial elements towards building the necessary infrastructure for the world’s greatest sporting event.

In his address Eduardo Paes reassured the IOC that, “We know how to conduct extremely complex operations which involve millions of people,” whilst others said their knowledge in staging events such as Carnival, the Pan American Games and Reveillon (New Years Eve) demonstrate Rio’s ability to host the Olympics.

The politicians also stated that Brazil’s stable economy which has staved off recession despite the world financial crisis is yet another reason why the games should be held here in Rio. The projected cost of staging the Rio Olympics is estimated at US $14.4 billion, but the long term benefits it would bring to the city are huge, not to mention the pride in hosting South America’s first ever Olympic Games.

Eduardo Paes made his own plea to the people, saying, “The possibilities are very great for Rio de Janeiro. This week I ask for the population to mobilize itself. They should fly the Brazilian flag in their windows and dress in Brazilian colours. This is an important chance to declare their love of Rio de Janeiro. Our job is to show why Rio is the most wonderful city in the world.”

Sergio Cabral summed up the strengths of the bid by simply saying, “In no other place in the world you will find a people so receptive, who really love to interact with people from all over the world.”

Read More from The Rio Times

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

Rotate for Best Experience

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