IBOV 172,758.89 ▼ 0.35% IPSA 10,877.68 ▼ 0.18% 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▼ 0.26% USD/MXN17.39▼ 0.21% USD/CLP932.18▼ 0.25% USD/COP3,238▼ 0.93% USD/PEN3.39▲ 0.11% USD/ARS1,477▼ 0.30% 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▼ 1.10% BRENT 91.25 ▲ 2.28% WTI 84.36 ▲ 1.36% IRON ORE 161.91 — — COPPER 6.54 ▲ 3.86% GOLD 4,085 ▲ 1.87% SILVER 59.42 ▲ 4.61% SOY 1,220 ▼ 0.51% CORN 472.25 ▲ 5.06% WHEAT 668.00 ▼ 0.89% COFFEE 326.10 ▼ 2.48% SUGAR 14.89 ▲ 0.47% ORANGE JUICE 147.80 ▲ 0.27% COTTON 80.03 ▲ 3.44% COCOA 5,541 ▲ 0.38% BEEF 223.20 ▼ 1.47% CATTLE 345.00 ▼ 1.99% LITHIUM 69.16 ▲ 3.35% PETR4 41.52 ▲ 0.90% VALE3 72.04 ▲ 0.15% ITUB4 42.32 ▲ 0.05% BBDC4 18.45 ▲ 0.22% ABEV3 15.81 ▲ 0.13% BBAS3 20.42 ▲ 1.24% B3SA3 15.06 ▼ 1.31% WEGE3 42.69 ▼ 1.02% PRIO3 58.56 ▲ 1.51% SUZB3 41.84 ▼ 0.12% RENT3 36.82 ▼ 1.79% AZZA3 17.74 ▼ 2.37% CSAN3 3.74 ▼ 2.09% RAIZ4 0.27 — 0.00% PCAR3 2.74 ▲ 5.38% GMAT3 3.83 ▼ 0.52% PSSA3 53.26 ▼ 1.73% CVCB3 1.14 ▲ 5.56% POSI3 3.77 ▲ 1.89% SLCE3 13.67 ▲ 0.74% NATU3 8.69 ▲ 0.70% BRKM5 5.89 ▼ 0.84% RANI3 7.87 ▼ 1.50% CSNA3 5.10 ▲ 0.59% CMIN3 5.45 ▲ 1.11% USIM5 8.32 ▲ 1.96% GGBR4 23.61 ▼ 0.04% ENEV3 25.27 ▼ 1.48% CPFE3 46.31 ▼ 0.02% CMIG4 10.99 ▼ 0.27% EQTL3 38.51 ▼ 1.99% LREN3 13.21 ▼ 0.75% VIVT3 35.59 ▼ 0.22% RAIL3 13.34 ▼ 1.69% KLABIN 17.42 ▼ 0.34% RAIA DROGASIL 18.46 ▼ 1.23% RDOR3 33.64 ▼ 5.11% HAPV3 11.29 ▼ 2.25% FLRY3 16.38 ▼ 1.09% SMTO3 15.29 ▼ 0.78% UGPA3 31.40 ▼ 0.95% VBBR3 33.49 ▼ 1.82% BBSE3 41.11 ▲ 0.15% BPAC11 55.41 ▼ 0.77% CURY3 29.63 ▼ 1.85% AERI3 2.04 ▼ 1.45% VIVARA 21.47 ▼ 2.23% COMPASS 24.38 ▼ 0.89% VAMOS 3.14 ▲ 1.62% SANB11 27.37 ▲ 1.33% ASAI3 8.18 ▲ 0.49% SBSP3 28.44 ▼ 1.86% WALMEX 49.38 — 0.00% GMEXICO 204.97 ▲ 2.06% FEMSA 226.61 ▼ 0.16% CEMEX 22.03 ▲ 0.69% GFNORTE 182.80 ▲ 1.56% BIMBO 59.36 ▼ 0.24% TELEVISA 9.81 ▲ 1.03% AMX 22.72 ▼ 0.09% GAP 378.73 ▲ 0.14% ASUR 272.61 ▼ 0.64% OMA 224.86 ▼ 0.70% KOF 180.82 ▲ 0.01% GRUMA 288.41 ▲ 0.28% KIMBER 38.09 ▼ 0.78% SQM-B 63,807 ▲ 1.09% COPEC 6,307 ▲ 1.72% BSANTANDER 78.51 ▲ 3.18% FALABELLA 5,877 ▲ 0.03% ENELAM 84.31 ▲ 0.24% CENCOSUD 2,007 ▲ 0.59% CMPC 1,085 ▲ 1.78% BANCO CHILE 189.99 ▲ 1.88% LATAM AIR 24.47 ▲ 0.25% YPF 80,500 ▲ 1.64% GGAL 7,965 ▲ 1.53% PAMPA 5,495 ▲ 4.27% TXAR 667.50 ▼ 0.45% ALUAR 965.50 ▲ 0.63% TGS 9,595 ▲ 1.00% CEPU 2,337 ▲ 2.10% MIRGOR 16,875 ▼ 1.46% COME 43.21 ▲ 0.61% LOMA NEGRA 3,640 ▲ 1.89% BYMA 293.50 ▼ 0.09% TELECOM ARG 4,195 ▲ 1.21% ECOPETROL 16.56 ▲ 3.31% BANCOLOMBIA 81.97 ▲ 1.42% GRUPO AVAL 4.99 ▲ 0.81% CREDICORP 393.95 ▲ 1.84% SOUTHERN COPPER 183.74 ▲ 4.95% BUENAVENTURA 31.03 ▲ 3.23% MERCADOLIBRE 1,807 ▼ 1.37% NUBANK 14.15 ▲ 1.11% XP 16.59 ▼ 1.28% PAGSEGURO 9.36 ▲ 0.70% STONE 11.00 ▼ 1.12% GLOBANT 32.20 ▼ 0.28% TECNOGLASS 45.91 ▼ 0.43% GAP AIRPORT 217.97 ▲ 0.39% ASUR 272.61 ▼ 0.64% OMA AIRPORT 103.62 ▼ 0.38% AMX ADR 26.09 ▼ 0.04% FEMSA ADR 130.45 ▲ 0.34% CEMEX ADR 12.64 ▲ 1.16% PETROBRAS ADR 18.40 ▲ 1.16% VALE ADR 14.16 ▲ 0.43% ITAU ADR 8.34 ▲ 0.18% SANTANDER BR 5.41 ▲ 0.74% AMBEV ADR 3.10 ▲ 0.65% CSN 1.02 ▲ 0.50% GERDAU 4.68 — 0.00% LATAM ADR 52.62 ▲ 1.70% BTC 66,580 ▲ 2.07% ETH 1,926 ▲ 1.17% SOL 77.92 ▲ 0.16% XRP 1.15 ▲ 3.22% BNB 574.57 ▲ 0.67% ADA 0.17 ▲ 2.90% DOGE 0.07 ▲ 1.40% AVAX 6.60 ▲ 0.36% LINK 8.67 ▲ 0.97% DOT 0.85 ▲ 3.25% LTC 47.67 ▲ 0.70% BCH 224.90 ▲ 2.27% TRX 0.33 ▲ 0.53% XLM 0.19 ▲ 2.15% HBAR 0.07 ▲ 2.84% NEAR 1.95 ▼ 1.39% ATOM 1.49 ▼ 0.07% AAVE 95.07 ▲ 5.90% SELIC 14.25% EMBRAER 82.67 ▼ 0.74% EMBRAER ADR 65.08 ▼ 1.29% JBS 11.82 ▼ 1.79% JBS BDR 59.89 ▼ 1.48% MBRF3 15.04 ▲ 3.58% MBRFY 2.92 ▲ 0.34% INTER 5.56 ▼ 1.16% EGX 53,990 ▲ 1.63% USD/ZAR16.46▼ 0.43% 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/JPY163.02▲ 0.32% USD/CNY6.76▼ 0.17% DAX 24,971 ▲ 0.50% CAC 8,348 ▲ 0.10% FTSE 10,566 ▲ 0.40% MIB 52,231 ▲ 0.71% IBEX 19,359 ▲ 0.79% STOXX 642.39 ▲ 0.44% EUR/USD1.14▼ 0.05% GBP/USD1.34▼ 0.52% SPX 7,505 ▲ 0.83% DJI 52,191 ▲ 0.68% NDX 29,133 ▲ 1.85% RUT 2,970 ▲ 0.95% TSX 35,242 ▲ 0.80% VIX 17.23 ▼ 7.61% USD/CAD1.41▲ 0.18% US10Y 4.6220 ▲ 0.52% IBOV 172,758.89 ▼ 0.35% IPSA 10,877.68 ▼ 0.18% 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 ▼ 0.26% USD/MXN 17.39 ▼ 0.21% USD/CLP 932.18 ▼ 0.25% USD/COP 3,235 ▼ 1.05% USD/PEN 3.40 ▲ 0.15% 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 ▼ 1.10% BRENT 91.25 ▲ 2.28% WTI 84.36 ▲ 1.36% IRON ORE 161.91 — — COPPER 6.54 ▲ 3.86% GOLD 4,085 ▲ 1.87% SILVER 59.42 ▲ 4.61% SOY 1,220 ▼ 0.51% CORN 472.25 ▲ 5.06% WHEAT 668.00 ▼ 0.89% COFFEE 326.10 ▼ 2.48% SUGAR 14.89 ▲ 0.47% ORANGE JUICE 147.80 ▲ 0.27% COTTON 80.03 ▲ 3.44% COCOA 5,541 ▲ 0.38% BEEF 223.20 ▼ 1.47% CATTLE 345.00 ▼ 1.99% LITHIUM 69.16 ▲ 3.35% PETR4 41.52 ▲ 0.90% VALE3 72.04 ▲ 0.15% ITUB4 42.32 ▲ 0.05% BBDC4 18.45 ▲ 0.22% ABEV3 15.81 ▲ 0.13% BBAS3 20.42 ▲ 1.24% B3SA3 15.06 ▼ 1.31% WEGE3 42.69 ▼ 1.02% PRIO3 58.56 ▲ 1.51% SUZB3 41.84 ▼ 0.12% RENT3 36.82 ▼ 1.79% AZZA3 17.74 ▼ 2.37% CSAN3 3.74 ▼ 2.09% RAIZ4 0.27 — 0.00% PCAR3 2.74 ▲ 5.38% GMAT3 3.83 ▼ 0.52% PSSA3 53.26 ▼ 1.73% CVCB3 1.14 ▲ 5.56% POSI3 3.77 ▲ 1.89% SLCE3 13.67 ▲ 0.74% NATU3 8.69 ▲ 0.70% BRKM5 5.89 ▼ 0.84% RANI3 7.87 ▼ 1.50% CSNA3 5.10 ▲ 0.59% CMIN3 5.45 ▲ 1.11% USIM5 8.32 ▲ 1.96% GGBR4 23.61 ▼ 0.04% ENEV3 25.27 ▼ 1.48% CPFE3 46.31 ▼ 0.02% CMIG4 10.99 ▼ 0.27% EQTL3 38.51 ▼ 1.99% LREN3 13.21 ▼ 0.75% VIVT3 35.59 ▼ 0.22% RAIL3 13.34 ▼ 1.69% KLABIN 17.42 ▼ 0.34% RAIA DROGASIL 18.46 ▼ 1.23% RDOR3 33.64 ▼ 5.11% HAPV3 11.29 ▼ 2.25% FLRY3 16.38 ▼ 1.09% SMTO3 15.29 ▼ 0.78% UGPA3 31.40 ▼ 0.95% VBBR3 33.49 ▼ 1.82% BBSE3 41.11 ▲ 0.15% BPAC11 55.41 ▼ 0.77% CURY3 29.63 ▼ 1.85% AERI3 2.04 ▼ 1.45% VIVARA 21.47 ▼ 2.23% COMPASS 24.38 ▼ 0.89% VAMOS 3.14 ▲ 1.62% SANB11 27.37 ▲ 1.33% ASAI3 8.18 ▲ 0.49% SBSP3 28.44 ▼ 1.86% WALMEX 49.38 — 0.00% GMEXICO 204.97 ▲ 2.06% FEMSA 226.61 ▼ 0.16% CEMEX 22.03 ▲ 0.69% GFNORTE 182.80 ▲ 1.56% BIMBO 59.36 ▼ 0.24% TELEVISA 9.81 ▲ 1.03% AMX 22.72 ▼ 0.09% GAP 378.73 ▲ 0.14% ASUR 272.61 ▼ 0.64% OMA 224.86 ▼ 0.70% KOF 180.82 ▲ 0.01% GRUMA 288.41 ▲ 0.28% KIMBER 38.09 ▼ 0.78% SQM-B 63,807 ▲ 1.09% COPEC 6,307 ▲ 1.72% BSANTANDER 78.51 ▲ 3.18% FALABELLA 5,877 ▲ 0.03% ENELAM 84.31 ▲ 0.24% CENCOSUD 2,007 ▲ 0.59% CMPC 1,085 ▲ 1.78% BANCO CHILE 189.99 ▲ 1.88% LATAM AIR 24.47 ▲ 0.25% YPF 80,500 ▲ 1.64% GGAL 7,965 ▲ 1.53% PAMPA 5,495 ▲ 4.27% TXAR 667.50 ▼ 0.45% ALUAR 965.50 ▲ 0.63% TGS 9,595 ▲ 1.00% CEPU 2,337 ▲ 2.10% MIRGOR 16,875 ▼ 1.46% COME 43.21 ▲ 0.61% LOMA NEGRA 3,640 ▲ 1.89% BYMA 293.50 ▼ 0.09% TELECOM ARG 4,195 ▲ 1.21% ECOPETROL 16.56 ▲ 3.31% BANCOLOMBIA 81.97 ▲ 1.42% GRUPO AVAL 4.99 ▲ 0.81% CREDICORP 393.95 ▲ 1.84% SOUTHERN COPPER 183.74 ▲ 4.95% BUENAVENTURA 31.03 ▲ 3.23% MERCADOLIBRE 1,807 ▼ 1.37% NUBANK 14.15 ▲ 1.11% XP 16.59 ▼ 1.28% PAGSEGURO 9.36 ▲ 0.70% STONE 11.00 ▼ 1.12% GLOBANT 32.20 ▼ 0.28% TECNOGLASS 45.91 ▼ 0.43% GAP AIRPORT 217.97 ▲ 0.39% ASUR 272.61 ▼ 0.64% OMA AIRPORT 103.62 ▼ 0.38% AMX ADR 26.09 ▼ 0.04% FEMSA ADR 130.45 ▲ 0.34% CEMEX ADR 12.64 ▲ 1.16% PETROBRAS ADR 18.40 ▲ 1.16% VALE ADR 14.16 ▲ 0.43% ITAU ADR 8.34 ▲ 0.18% SANTANDER BR 5.41 ▲ 0.74% AMBEV ADR 3.10 ▲ 0.65% CSN 1.02 ▲ 0.50% GERDAU 4.68 — 0.00% LATAM ADR 52.62 ▲ 1.70% BTC 66,580 ▲ 2.07% ETH 1,926 ▲ 1.17% SOL 77.92 ▲ 0.16% XRP 1.15 ▲ 3.22% BNB 574.57 ▲ 0.67% ADA 0.17 ▲ 2.90% DOGE 0.07 ▲ 1.40% AVAX 6.60 ▲ 0.36% LINK 8.67 ▲ 0.97% DOT 0.85 ▲ 3.25% LTC 47.67 ▲ 0.70% BCH 224.90 ▲ 2.27% TRX 0.33 ▲ 0.53% XLM 0.19 ▲ 2.15% HBAR 0.07 ▲ 2.84% NEAR 1.95 ▼ 1.39% ATOM 1.49 ▼ 0.07% AAVE 95.07 ▲ 5.90% SELIC 14.25% EMBRAER 82.67 ▼ 0.74% EMBRAER ADR 65.08 ▼ 1.29% JBS 11.82 ▼ 1.79% JBS BDR 59.89 ▼ 1.48% MBRF3 15.04 ▲ 3.58% MBRFY 2.92 ▲ 0.34% INTER 5.56 ▼ 1.16% EGX 53,990 ▲ 1.63% USD/ZAR 16.45 ▼ 0.29% 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 162.96 ▲ 0.31% USD/CNY 6.7557 ▼ 0.03% DAX 24,971 ▲ 0.50% CAC 8,348 ▲ 0.10% FTSE 10,566 ▲ 0.40% MIB 52,231 ▲ 0.71% IBEX 19,359 ▲ 0.79% STOXX 642.39 ▲ 0.44% EUR/USD 1.1413 ▼ 0.01% GBP/USD 1.3379 ▼ 0.35% SPX 7,505 ▲ 0.83% DJI 52,191 ▲ 0.68% NDX 29,133 ▲ 1.85% RUT 2,970 ▲ 0.95% TSX 35,242 ▲ 0.80% VIX 17.23 ▼ 7.61% USD/CAD 1.4095 ▲ 0.12% US10Y 4.6220 ▲ 0.52%
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Opinion: What to Expect From Lula’s Amazon Summit | Rio Times

By · August 9, 2023 · 2 min read

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(Opinion) As Brazil collaborates with South American leaders at the recent Amazon Summit, there’s a pressing need to bolster the protection of the world’s largest rainforest.

Political analyst Guilherme Simoes highlights to Sputnik that Brazilian President, Luiz Inácio Lula de Silva, is striving for a careful balance between tapping into the Amazon’s wealth and preserving its environment.

This fourth edition of the Amazon Summit brings together nations from the socio-environmental bloc, focusing on a novel developmental model that safeguards the Amazon while also enhancing employment opportunities and wealth for its inhabitants.

Revived after a 14-year hiatus, this event, held in the city of Belém, draws participation from member nations of the Amazon Treaty Organization (ATO) – Brazil, Bolivia, Colombia, Ecuador, Guyana, Peru, Suriname, and Venezuela.

A pivotal aim is to forge a united stance on conservation strategies and combatting deforestation.

The outcomes of this summit are expected to be proposed at the forthcoming United Nations Climate Change Conference (COP28) in Dubai.

Simoes commented on the shared ambition of these nations: an integrated policy to counter deforestation, along with contentious issues, such as managing fossil fuel extraction.

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He also emphasized the crucial role of addressing employment generation and supporting indigenous and local communities.

Simoes recollects that Lula da Silva made environmental concerns a cornerstone of his administration.

This contrasts with the previous tenure of Jair Bolsonaro, under whom deforestation saw a marked increase.

As per the National Institute for Space Research, deforested areas in the Amazon surged during Bolsonaro’s term.

On the other hand, Lula’s sustainable development agenda doesn’t visualize the Amazon as an untouchable sanctuary but rather as a source of wealth that can coexist with preservation.

Simoes pointed out the stark difference between Lula’s balanced approach and Bolsonaro’s indiscriminate exploitation.

“Peripheral nations, such as those in South America, need strategies that preserve the Amazon while fostering regional prosperity,” he asserted.

Lula’s administration, targeting zero deforestation by 2030, extended summit invitations to Germany and Norway, nations contributing to the Amazon Fund.

Simoes clarified, “The Amazon shouldn’t only be the responsibility of regional countries.”

However, the Amazon Fund faced challenges in the past.

Funding from Germany and Norway was halted in 2019 after Bolsonaro’s controversial management decisions regarding the fund.

Bolsonaro’s skepticism about foreign government critiques of Brazil’s environmental stance added to the tensions.

Although the Amazon Summit wasn’t held since 2009, the resurgence of progressive governments and Lula’s leadership might have rejuvenated interest in the event.

Yet, regional leaders like Ecuador’s Guillermo Lasso and Suriname’s Chan Santokhi were notably absent, each citing reasons of internal politics and national celebrations, respectively.

However, the summit marked the first international trip for Peru’s president, Dina Boluarte, since her election eight months ago, emphasizing the importance of this environmental endeavor.

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