IBOV 167,874.64 ▼ 2.50% IPSA 11,128.56 ▼ 1.25% IPC MEX 65,564.76 ▼ 1.32% MERVAL 3,022,485 ▼ 3.19% COLCAP 2,423.37 ▲ 2.14% BVL PERÚ 59,693.55 ▼ 1.60% USD/BRL5.16▲ 0.93% USD/MXN17.06▼ 0.48% USD/CLP913.38▼ 0.42% USD/COP3,128▼ 0.87% USD/PEN3.38▼ 0.01% USD/ARS1,491▼ 0.53% USD/UYU40.23▲ 1.56% USD/PYG5,925▲ 1.88% USD/BOB11.72▲ 0.37% USD/DOP58.13▲ 1.08% USD/CRC447.79▲ 1.51% USD/GTQ7.62▲ 2.47% USD/HNL26.78▲ 1.86% USD/NIO36.62▲ 1.01% USD/VES762.44▲ 0.29% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.39▲ 0.39% USD/TTD6.71▲ 1.22% EUR/BRL5.95▲ 1.42% BRENT 88.61 ▲ 1.01% WTI 83.09 ▲ 1.17% IRON ORE 161.91 — — COPPER 6.63 ▲ 0.60% GOLD 4,444 ▲ 1.89% SILVER 65.10 ▼ 0.01% SOY 1,168 ▲ 0.86% CORN 460.75 ▲ 5.13% WHEAT 629.25 ▼ 1.76% COFFEE 314.20 ▼ 5.45% SUGAR 16.68 ▲ 1.28% ORANGE JUICE 139.60 ▼ 1.59% COTTON 83.79 ▲ 1.29% COCOA 5,665 ▼ 2.68% BEEF 226.88 ▼ 2.74% CATTLE 345.60 ▼ 1.47% LITHIUM 74.08 ▼ 0.88% PETR4 41.35 ▼ 2.08% VALE3 74.56 ▲ 0.89% ITUB4 39.42 ▼ 2.47% BBDC4 16.90 ▼ 1.63% ABEV3 15.04 ▼ 1.51% BBAS3 19.55 ▼ 2.40% B3SA3 14.29 ▼ 2.59% WEGE3 47.12 ▼ 1.07% PRIO3 59.37 ▼ 3.05% SUZB3 40.61 ▼ 1.65% RENT3 35.00 ▼ 3.58% AZZA3 16.45 ▼ 1.79% CSAN3 3.38 ▼ 2.03% RAIZ4 0.25 — 0.00% PCAR3 2.71 ▼ 4.58% GMAT3 3.68 — 0.00% PSSA3 49.00 ▼ 1.41% CVCB3 1.36 ▼ 4.23% POSI3 3.32 ▼ 5.14% SLCE3 13.28 ▼ 0.67% NATU3 8.31 ▲ 2.85% BRKM5 5.73 ▼ 0.35% RANI3 7.96 ▼ 0.75% CSNA3 4.28 ▼ 4.04% CMIN3 5.41 ▼ 0.92% USIM5 6.87 ▼ 4.05% GGBR4 24.29 ▼ 3.80% ENEV3 24.66 ▼ 2.61% CPFE3 43.58 ▼ 1.85% CMIG4 10.58 ▼ 0.94% EQTL3 35.89 ▼ 2.39% LREN3 12.12 — 0.00% VIVT3 30.13 ▼ 1.37% RAIL3 13.02 ▼ 1.51% KLABIN 17.59 ▼ 1.51% RAIA DROGASIL 18.30 ▼ 5.57% RDOR3 33.15 ▼ 2.41% HAPV3 10.09 ▼ 2.04% FLRY3 18.50 ▲ 0.44% SMTO3 15.48 ▲ 3.55% UGPA3 31.01 ▲ 0.03% VBBR3 33.27 ▼ 0.51% BBSE3 37.35 ▼ 2.30% BPAC11 50.46 ▼ 6.31% CURY3 31.49 ▼ 0.63% AERI3 2.28 ▼ 1.30% VIVARA 21.02 ▼ 2.87% COMPASS 22.19 ▼ 1.47% VAMOS 2.86 ▼ 1.72% SANB11 29.42 ▲ 0.58% ASAI3 7.98 ▼ 0.99% SBSP3 26.06 ▼ 1.85% WALMEX 48.34 ▲ 0.33% GMEXICO 222.28 ▼ 1.13% FEMSA 202.06 ▼ 1.76% CEMEX 19.12 ▼ 1.85% GFNORTE 193.42 ▼ 1.89% BIMBO 61.68 ▲ 0.15% TELEVISA 9.70 ▼ 2.71% AMX 20.18 ▼ 1.46% GAP 365.49 ▼ 1.29% ASUR 271.39 ▼ 1.18% OMA 232.25 ▼ 0.10% KOF 185.16 ▼ 0.78% GRUMA 255.01 ▲ 0.02% KIMBER 39.93 ▼ 0.92% SQM-B 65,727 ▼ 1.83% COPEC 6,030 ▼ 1.18% BSANTANDER 79.88 ▼ 2.35% FALABELLA 6,321 ▼ 1.84% ENELAM 87.10 ▼ 0.46% CENCOSUD 1,980 ▼ 3.41% CMPC 1,038 ▲ 0.25% BANCO CHILE 188.93 ▼ 0.44% LATAM AIR 24.47 ▼ 1.29% YPF 7,920 ▼ 1.80% GGAL 7,075 ▼ 3.87% PAMPA 5,175 ▼ 1.24% TXAR 764.50 ▲ 1.33% ALUAR 954.00 ▲ 0.26% TGS 9,150 ▼ 1.93% CEPU 2,137 ▼ 2.33% MIRGOR 1,655 ▼ 2.07% COME 42.95 ▲ 0.14% LOMA NEGRA 3,150 ▼ 3.37% BYMA 286.50 ▼ 0.09% TELECOM ARG 4,355 ▼ 3.65% ECOPETROL 16.91 ▼ 0.82% BANCOLOMBIA 99.23 ▲ 8.48% GRUPO AVAL 5.31 ▲ 0.47% CREDICORP 377.45 ▼ 1.25% SOUTHERN COPPER 191.37 ▼ 4.37% BUENAVENTURA 34.50 ▼ 0.23% MERCADOLIBRE 1,922 ▲ 5.37% NUBANK 13.58 ▼ 2.02% XP 15.62 ▼ 3.61% PAGSEGURO 8.98 ▼ 1.16% STONE 10.14 ▼ 2.27% GLOBANT 39.08 ▲ 1.37% TECNOGLASS 42.82 ▲ 3.36% GAP AIRPORT 213.25 ▼ 1.35% ASUR 271.39 ▼ 1.18% OMA AIRPORT 108.50 ▼ 0.03% AMX ADR 23.52 ▼ 1.55% FEMSA ADR 118.01 ▼ 1.59% CEMEX ADR 11.14 ▼ 1.46% PETROBRAS ADR 17.96 ▼ 2.05% VALE ADR 14.41 ▼ 3.26% ITAU ADR 7.61 ▼ 3.44% SANTANDER BR 5.75 ▼ 0.26% AMBEV ADR 2.87 ▼ 2.35% CSN 0.85 ▼ 5.45% GERDAU 4.73 ▼ 4.74% LATAM ADR 53.35 ▼ 0.73% BTC 63,430 ▼ 0.75% ETH 1,862 ▼ 0.48% SOL 74.91 ▼ 1.36% XRP 1.01 ▼ 0.12% BNB 609.12 ▲ 1.74% ADA 0.19 ▼ 2.98% DOGE 0.07 ▲ 1.06% AVAX 6.22 ▼ 3.28% LINK 8.55 ▲ 3.15% DOT 0.78 ▼ 2.74% LTC 45.03 ▼ 0.18% BCH 211.80 ▼ 0.62% TRX 0.33 ▲ 1.19% XLM 0.16 ▼ 0.70% HBAR 0.07 ▼ 2.34% NEAR 1.55 ▼ 3.38% ATOM 1.42 ▲ 1.77% AAVE 86.84 ▼ 2.57% SELIC 14.00% EMBRAER 93.08 ▼ 1.67% EMBRAER ADR 71.88 ▼ 2.61% JBS 13.12 ▼ 2.20% JBS BDR 67.46 ▼ 2.10% MBRF3 15.47 ▼ 2.95% MBRFY 2.95 ▼ 4.84% INTER 5.13 ▼ 4.21% EGX 54,829 ▼ 0.09% USD/ZAR16.18▼ 0.10% USD/NGN1,360▼ 0.09% NIKKEI 66,970 ▲ 2.08% CSI300 4,664 ▼ 0.81% HSI 25,653 ▼ 1.10% NIFTY 24,472 ▼ 0.46% KOSPI 6,346 ▲ 0.73% JCI 6,268 ▼ 1.53% USD/JPY159.29▼ 0.01% USD/CNY6.74▼ 0.02% DAX 26,391 ▲ 0.26% CAC 8,715 ▼ 0.13% FTSE 10,844 ▼ 0.17% MIB 53,706 ▲ 0.08% IBEX 20,214 ▲ 0.20% STOXX 660.51 ▲ 0.01% EUR/USD1.15▲ 0.02% GBP/USD1.35▲ 0.13% SPX 7,735 ▼ 0.23% DJI 53,897 ▼ 0.15% NDX 29,524 ▼ 0.33% RUT 3,030 ▲ 0.43% TSX 36,503 ▲ 0.12% VIX 15.41 ▼ 0.32% USD/CAD1.39▼ 0.14% US10Y 4.6840 ▼ 0.32% IBOV 167,874.64 ▼ 2.50% IPSA 11,128.56 ▼ 1.25% IPC MEX 65,564.76 ▼ 1.32% MERVAL 3,022,485 ▼ 3.19% COLCAP 2,423.37 ▲ 2.14% BVL PERÚ 59,693.55 ▼ 1.60% USD/BRL 5.16 ▲ 1.01% USD/MXN 17.10 ▼ 0.22% USD/CLP 913.58 ▼ 0.40% USD/COP 3,116 ▼ 1.26% USD/PEN 3.38 ▼ 0.09% USD/ARS 1,493 ▼ 0.39% USD/UYU 40.23 ▲ 1.56% USD/PYG 5,925 ▲ 1.88% USD/BOB 11.72 ▲ 0.37% USD/DOP 58.20 ▲ 1.20% USD/CRC 447.79 ▲ 1.51% USD/GTQ 7.62 ▲ 2.47% USD/HNL 26.78 ▲ 1.86% USD/NIO 36.62 ▲ 1.01% USD/VES 759.31 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.39 ▲ 0.39% USD/TTD 6.71 ▲ 1.22% EUR/BRL 5.95 ▲ 1.45% BRENT 88.61 ▲ 1.01% WTI 83.09 ▲ 1.17% IRON ORE 161.91 — — COPPER 6.63 ▲ 0.60% GOLD 4,444 ▲ 1.89% SILVER 65.10 ▼ 0.01% SOY 1,168 ▲ 0.86% CORN 460.75 ▲ 5.13% WHEAT 629.25 ▼ 1.76% COFFEE 314.20 ▼ 5.45% SUGAR 16.68 ▲ 1.28% ORANGE JUICE 139.60 ▼ 1.59% COTTON 83.79 ▲ 1.29% COCOA 5,665 ▼ 2.68% BEEF 226.88 ▼ 2.74% CATTLE 345.60 ▼ 1.47% LITHIUM 74.08 ▼ 0.88% PETR4 41.35 ▼ 2.08% VALE3 74.56 ▲ 0.89% ITUB4 39.42 ▼ 2.47% BBDC4 16.90 ▼ 1.63% ABEV3 15.04 ▼ 1.51% BBAS3 19.55 ▼ 2.40% B3SA3 14.29 ▼ 2.59% WEGE3 47.12 ▼ 1.07% PRIO3 59.37 ▼ 3.05% SUZB3 40.61 ▼ 1.65% RENT3 35.00 ▼ 3.58% AZZA3 16.45 ▼ 1.79% CSAN3 3.38 ▼ 2.03% RAIZ4 0.25 — 0.00% PCAR3 2.71 ▼ 4.58% GMAT3 3.68 — 0.00% PSSA3 49.00 ▼ 1.41% CVCB3 1.36 ▼ 4.23% POSI3 3.32 ▼ 5.14% SLCE3 13.28 ▼ 0.67% NATU3 8.31 ▲ 2.85% BRKM5 5.73 ▼ 0.35% RANI3 7.96 ▼ 0.75% CSNA3 4.28 ▼ 4.04% CMIN3 5.41 ▼ 0.92% USIM5 6.87 ▼ 4.05% GGBR4 24.29 ▼ 3.80% ENEV3 24.66 ▼ 2.61% CPFE3 43.58 ▼ 1.85% CMIG4 10.58 ▼ 0.94% EQTL3 35.89 ▼ 2.39% LREN3 12.12 — 0.00% VIVT3 30.13 ▼ 1.37% RAIL3 13.02 ▼ 1.51% KLABIN 17.59 ▼ 1.51% RAIA DROGASIL 18.30 ▼ 5.57% RDOR3 33.15 ▼ 2.41% HAPV3 10.09 ▼ 2.04% FLRY3 18.50 ▲ 0.44% SMTO3 15.48 ▲ 3.55% UGPA3 31.01 ▲ 0.03% VBBR3 33.27 ▼ 0.51% BBSE3 37.35 ▼ 2.30% BPAC11 50.46 ▼ 6.31% CURY3 31.49 ▼ 0.63% AERI3 2.28 ▼ 1.30% VIVARA 21.02 ▼ 2.87% COMPASS 22.19 ▼ 1.47% VAMOS 2.86 ▼ 1.72% SANB11 29.42 ▲ 0.58% ASAI3 7.98 ▼ 0.99% SBSP3 26.06 ▼ 1.85% WALMEX 48.34 ▲ 0.33% GMEXICO 222.28 ▼ 1.13% FEMSA 202.06 ▼ 1.76% CEMEX 19.12 ▼ 1.85% GFNORTE 193.42 ▼ 1.89% BIMBO 61.68 ▲ 0.15% TELEVISA 9.70 ▼ 2.71% AMX 20.18 ▼ 1.46% GAP 365.49 ▼ 1.29% ASUR 271.39 ▼ 1.18% OMA 232.25 ▼ 0.10% KOF 185.16 ▼ 0.78% GRUMA 255.01 ▲ 0.02% KIMBER 39.93 ▼ 0.92% SQM-B 65,727 ▼ 1.83% COPEC 6,030 ▼ 1.18% BSANTANDER 79.88 ▼ 2.35% FALABELLA 6,321 ▼ 1.84% ENELAM 87.10 ▼ 0.46% CENCOSUD 1,980 ▼ 3.41% CMPC 1,038 ▲ 0.25% BANCO CHILE 188.93 ▼ 0.44% LATAM AIR 24.47 ▼ 1.29% YPF 7,920 ▼ 1.80% GGAL 7,075 ▼ 3.87% PAMPA 5,175 ▼ 1.24% TXAR 764.50 ▲ 1.33% ALUAR 954.00 ▲ 0.26% TGS 9,150 ▼ 1.93% CEPU 2,137 ▼ 2.33% MIRGOR 1,655 ▼ 2.07% COME 42.95 ▲ 0.14% LOMA NEGRA 3,150 ▼ 3.37% BYMA 286.50 ▼ 0.09% TELECOM ARG 4,355 ▼ 3.65% ECOPETROL 16.91 ▼ 0.82% BANCOLOMBIA 99.23 ▲ 8.48% GRUPO AVAL 5.31 ▲ 0.47% CREDICORP 377.45 ▼ 1.25% SOUTHERN COPPER 191.37 ▼ 4.37% BUENAVENTURA 34.50 ▼ 0.23% MERCADOLIBRE 1,922 ▲ 5.37% NUBANK 13.58 ▼ 2.02% XP 15.62 ▼ 3.61% PAGSEGURO 8.98 ▼ 1.16% STONE 10.14 ▼ 2.27% GLOBANT 39.08 ▲ 1.37% TECNOGLASS 42.82 ▲ 3.36% GAP AIRPORT 213.25 ▼ 1.35% ASUR 271.39 ▼ 1.18% OMA AIRPORT 108.50 ▼ 0.03% AMX ADR 23.52 ▼ 1.55% FEMSA ADR 118.01 ▼ 1.59% CEMEX ADR 11.14 ▼ 1.46% PETROBRAS ADR 17.96 ▼ 2.05% VALE ADR 14.41 ▼ 3.26% ITAU ADR 7.61 ▼ 3.44% SANTANDER BR 5.75 ▼ 0.26% AMBEV ADR 2.87 ▼ 2.35% CSN 0.85 ▼ 5.45% GERDAU 4.73 ▼ 4.74% LATAM ADR 53.35 ▼ 0.73% BTC 63,430 ▼ 0.75% ETH 1,862 ▼ 0.48% SOL 74.91 ▼ 1.36% XRP 1.01 ▼ 0.12% BNB 609.12 ▲ 1.74% ADA 0.19 ▼ 2.98% DOGE 0.07 ▲ 1.06% AVAX 6.22 ▼ 3.28% LINK 8.55 ▲ 3.15% DOT 0.78 ▼ 2.74% LTC 45.03 ▼ 0.18% BCH 211.80 ▼ 0.62% TRX 0.33 ▲ 1.19% XLM 0.16 ▼ 0.70% HBAR 0.07 ▼ 2.34% NEAR 1.55 ▼ 3.38% ATOM 1.42 ▲ 1.77% AAVE 86.84 ▼ 2.57% SELIC 14.00% EMBRAER 93.08 ▼ 1.67% EMBRAER ADR 71.88 ▼ 2.61% JBS 13.12 ▼ 2.20% JBS BDR 67.46 ▼ 2.10% MBRF3 15.47 ▼ 2.95% MBRFY 2.95 ▼ 4.84% INTER 5.13 ▼ 4.21% EGX 54,829 ▼ 0.09% USD/ZAR 16.20 ▲ 0.09% USD/NGN 1,360 ▲ 0.10% NIKKEI 66,970 ▲ 2.08% CSI300 4,664 ▼ 0.81% HSI 25,653 ▼ 1.10% NIFTY 24,472 ▼ 0.46% KOSPI 6,346 ▲ 0.73% JCI 6,268 ▼ 1.53% USD/JPY 159.26 ▲ 0.02% USD/CNY 6.7328 ▼ 0.07% DAX 26,391 ▲ 0.26% CAC 8,715 ▼ 0.13% FTSE 10,844 ▼ 0.17% MIB 53,706 ▲ 0.08% IBEX 20,214 ▲ 0.20% STOXX 660.51 ▲ 0.01% EUR/USD 1.1543 ▼ 0.03% GBP/USD 1.3506 ▼ 0.01% SPX 7,735 ▼ 0.23% DJI 53,897 ▼ 0.15% NDX 29,524 ▼ 0.33% RUT 3,030 ▲ 0.43% TSX 36,503 ▲ 0.12% VIX 15.41 ▼ 0.32% USD/CAD 1.3918 ▼ 0.11% US10Y 4.6840 ▼ 0.32%
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Wednesday, August 12, 2026

Opinion: Brazil’s UN and BRICS Balancing Act

By · September 21, 2023 · 2 min read

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(Opinion) Brazil finds itself at a crossroads, pondering whether to align more closely with Western powers or deepen its relationship with BRICS nations.

President Luís Inácio Lula da Silva doesn’t shy away from the debate.

He recently criticized the UN Security Council for losing credibility, laying the blame squarely on its permanent members: the U.S., Russia, China, the UK, and France.

Brazil isn’t a newcomer to the Security Council. It has served as a non-permanent member multiple times, more than any other Latin American country.

Again in 2023, it’s serving in this role, but without the pivotal veto power.

This year, Lula seeks support from China and Russia for a reshaped Council.

Interestingly, even U.S. President Biden agrees that the Council needs fresh perspectives.

 Brazil's UN and BRICS Balancing Act. (Photo Internet reproduction)
Brazil’s UN and BRICS Balancing Act. (Photo Internet reproduction)
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Let’s consider Brazil’s twin strategies. First, it aims to strengthen ties with BRICS countries that lack a permanent Security Council seat, such as India and South Africa.

On the other hand, the U.S. is looking to add its allies like Germany and Japan to the mix. Expert opinion lauds Brazil for maintaining this balance.

It’s a strategy that fortifies its BRICS partnerships while also opening doors at the United Nations.

Yet, there are hurdles. Brazil doesn’t possess nuclear arms, making it an outlier among permanent Council members.

The question looms: if Brazil joins as a permanent member, will it wield as much influence as the current heavyweights?

The global political stage features two contrasting visions. One, championed by BRICS, advocates for multipolarity and shared leadership.

The other, favored by the U.S. and the EU, aims to preserve Western dominance. External actors like the G7 will undoubtedly play a role in this unfolding drama.

Similarly, financial institutions like the IMF may also become part of this broader conversation about reform.

In conclusion, Brazil is on the right track.

It’s adeptly juggling its BRICS affiliations and UN aspirations, paving the way for a potentially transformative role in international politics.

This balanced act, if executed well, could offer Brazil the best of both worlds.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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