IBOV 176,729 ▲ 0.56% IPSA 10,928 ▲ 0.16% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL5.07▼ 1.28% USD/MXN17.43▼ 0.56% USD/CLP924.19▼ 0.93% USD/COP3,243▼ 0.59% USD/PEN3.40▼ 0.21% USD/ARS1,476▼ 0.47% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.33▲ 0.42% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.81▼ 0.21% BRENT 86.46 ▲ 3.79% WTI 80.50 ▲ 3.02% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.33% GOLD 4,083 ▲ 2.15% SILVER 59.32 ▲ 2.92% SOY 1,188 ▼ 1.16% CORN 457.50 ▲ 4.51% WHEAT 632.50 ▲ 0.88% COFFEE 336.25 ▼ 1.51% SUGAR 14.75 — 0.00% ORANGE JUICE 137.80 ▼ 3.33% COTTON 81.07 ▲ 1.55% COCOA 5,708 ▲ 0.21% BEEF 230.83 ▼ 1.86% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 41.27 ▲ 1.50% VALE3 73.44 ▲ 0.81% ITUB4 43.87 ▲ 0.80% BBDC4 18.96 ▲ 1.01% ABEV3 15.93 ▲ 0.63% BBAS3 20.40 ▲ 0.79% B3SA3 15.25 ▲ 0.86% WEGE3 44.62 ▲ 0.52% PRIO3 57.56 ▲ 0.63% SUZB3 41.51 ▲ 0.05% RENT3 40.42 ▲ 0.55% AZZA3 19.27 ▲ 0.26% CSAN3 3.93 ▲ 0.77% RAIZ4 0.34 ▲ 3.03% PCAR3 2.59 — 0.00% GMAT3 3.98 ▲ 1.02% PSSA3 54.25 ▲ 0.39% CVCB3 1.29 ▲ 3.20% POSI3 3.96 ▼ 0.75% SLCE3 14.04 ▲ 1.23% NATU3 8.60 — 0.00% BRKM5 6.99 ▲ 0.72% RANI3 7.96 ▲ 0.13% CSNA3 5.32 ▲ 1.53% CMIN3 5.47 ▲ 0.37% USIM5 8.54 ▲ 1.91% GGBR4 23.02 ▲ 0.88% ENEV3 26.99 ▲ 0.41% CPFE3 47.17 ▲ 0.70% CMIG4 11.13 ▲ 0.54% EQTL3 40.46 ▲ 0.62% LREN3 14.07 ▼ 0.57% VIVT3 34.92 ▲ 0.55% RAIL3 14.11 — 0.00% KLABIN 17.54 ▲ 0.34% RAIA DROGASIL 18.23 ▲ 0.16% RDOR3 35.74 ▲ 0.51% HAPV3 10.58 ▲ 1.15% FLRY3 16.32 ▲ 1.05% SMTO3 16.30 ▼ 0.43% UGPA3 30.93 ▲ 0.72% VBBR3 32.28 ▼ 1.47% BBSE3 40.52 ▲ 0.60% BPAC11 57.83 ▲ 0.54% CURY3 33.18 ▲ 0.18% AERI3 2.08 ▼ 0.48% VIVARA 23.15 ▲ 0.17% COMPASS 25.00 ▲ 0.93% VAMOS 3.03 ▲ 0.33% SANB11 27.58 ▲ 0.77% ASAI3 8.72 ▲ 0.11% SBSP3 30.56 ▲ 0.63% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.58 ▼ 1.54% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.26 ▲ 0.62% GRUMA 281.09 ▼ 0.87% KIMBER 38.20 ▲ 0.34% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 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SILVER 59.32 ▲ 2.92% SOY 1,188 ▼ 1.16% CORN 457.50 ▲ 4.51% WHEAT 632.50 ▲ 0.88% COFFEE 336.25 ▼ 1.51% SUGAR 14.75 — 0.00% ORANGE JUICE 137.80 ▼ 3.33% COTTON 81.07 ▲ 1.55% COCOA 5,708 ▲ 0.21% BEEF 230.83 ▼ 1.86% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 41.27 ▲ 1.50% VALE3 73.44 ▲ 0.81% ITUB4 43.87 ▲ 0.80% BBDC4 18.96 ▲ 1.01% ABEV3 15.93 ▲ 0.63% BBAS3 20.40 ▲ 0.79% B3SA3 15.25 ▲ 0.86% WEGE3 44.62 ▲ 0.52% PRIO3 57.56 ▲ 0.63% SUZB3 41.51 ▲ 0.05% RENT3 40.42 ▲ 0.55% AZZA3 19.27 ▲ 0.26% CSAN3 3.93 ▲ 0.77% RAIZ4 0.34 ▲ 3.03% PCAR3 2.59 — 0.00% GMAT3 3.98 ▲ 1.02% PSSA3 54.25 ▲ 0.39% CVCB3 1.29 ▲ 3.20% POSI3 3.96 ▼ 0.75% SLCE3 14.04 ▲ 1.23% NATU3 8.60 — 0.00% BRKM5 6.99 ▲ 0.72% RANI3 7.96 ▲ 0.13% CSNA3 5.32 ▲ 1.53% CMIN3 5.47 ▲ 0.37% USIM5 8.54 ▲ 1.91% GGBR4 23.02 ▲ 0.88% ENEV3 26.99 ▲ 0.41% CPFE3 47.17 ▲ 0.70% CMIG4 11.13 ▲ 0.54% EQTL3 40.46 ▲ 0.62% LREN3 14.07 ▼ 0.57% VIVT3 34.92 ▲ 0.55% RAIL3 14.11 — 0.00% KLABIN 17.54 ▲ 0.34% RAIA DROGASIL 18.23 ▲ 0.16% RDOR3 35.74 ▲ 0.51% HAPV3 10.58 ▲ 1.15% FLRY3 16.32 ▲ 1.05% SMTO3 16.30 ▼ 0.43% UGPA3 30.93 ▲ 0.72% VBBR3 32.28 ▼ 1.47% BBSE3 40.52 ▲ 0.60% BPAC11 57.83 ▲ 0.54% CURY3 33.18 ▲ 0.18% AERI3 2.08 ▼ 0.48% VIVARA 23.15 ▲ 0.17% COMPASS 25.00 ▲ 0.93% VAMOS 3.03 ▲ 0.33% SANB11 27.58 ▲ 0.77% ASAI3 8.72 ▲ 0.11% SBSP3 30.56 ▲ 0.63% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.58 ▼ 1.54% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.26 ▲ 0.62% GRUMA 281.09 ▼ 0.87% KIMBER 38.20 ▲ 0.34% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 64,039 ▲ 2.89% ETH 1,878 ▲ 5.88% SOL 77.47 ▲ 3.48% XRP 1.10 ▲ 3.50% BNB 579.74 ▲ 2.31% ADA 0.16 ▲ 4.37% DOGE 0.07 ▲ 3.05% AVAX 6.64 ▲ 3.04% LINK 8.29 ▲ 5.34% DOT 0.85 ▲ 1.97% LTC 44.74 ▲ 2.88% BCH 241.62 ▲ 2.28% TRX 0.33 ▲ 0.39% XLM 0.19 ▲ 2.88% HBAR 0.07 ▲ 1.41% NEAR 2.03 ▲ 5.70% ATOM 1.56 ▲ 1.50% AAVE 99.72 ▲ 5.68% 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Rio Federal University Rejects Joining Education Ministry Future-se Project

By · August 12, 2019 · 3 min read

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RIO DE JANEIRO, BRAZIL – The UFRJ (Federal University of Rio de Janeiro) announced that it does not intend to join the “Future-se” program, a project launched by the MEC (Ministry of Education) on July 17th, under its current terms.

In a meeting held on Thursday, August 8th, the University Council, UFRJ’s highest-ranking body, took the decision and issued a note in which it criticizes the program. UFRJ is the largest federal university in Brazil.

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Under the pretext of conferring greater financial independence upon universities and federal institutions, the program provides that social organizations (OSs) will now be involved in the management of these units’ funds.

The Minister of Education, Abraham Weintraub, during the presentation of the “Future-se” program. (Photo Agência Brasil)
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Established in 1998, OSs are private non-profit organizations that may act in areas such as education, health, and culture. The ‘Future-se’ is also intended to encourage institutions to raise funds of their own to help in their maintenance.

In the text, the university states that the interference of OSs could reduce university independence.

“Due to its current configuration, the Future-se is unwilling to foster the enhancement of university independence. Conversely, it may point to a regression to the progress of the national legal system guaranteeing the best perspectives for the socio-economic, scientific and cultural development of the country, which emerge from the IFEs (federal educational institutions). The Program’s provisions, in this original context, tend to break the constitutional framework that protects the administrative, educational and financial management independence of the IFEs, which would henceforth depend on and be managed by the OS”, says the note.

The UFRJ further criticized the proposed form of financing

“The so-called Knowledge Fund, proposed in the program, is also teeming with loopholes. There is no definition of what kind of assets would serve as the initial contribution, there is no discussion on the maturation period of a fund of this nature and how the IFEs would be financed during this transition, there is no mention of the criteria for choosing the fund manager and how he or she would be compensated, in particular during its launch and consolidation period. If the fund fails, the return of the assets is provided to MEC without specifying how the eventual contributions made by the IFEs will be handled,” states the text.

In this text, the university proposes removing the ceiling on expenses and states that there are risks for the institutions that adhere to the project.

The University Council, UFRJ’s highest-ranking body, took the decision and issued a note in which it criticizes the program. (Photo internet reproduction)

“The Future-se project should propose the removal of IFEs from the spending ceiling, ensure the budget without contingencies and encourage development to promote domestic scientific production and the training of staff,” the note recommends.

“We are open to ongoing discussion to bolster public education, free-of-charge and of high quality; however, we believe that there are risks in the Future-se Program related to the possibility of future change in the legal status of IFEs, which are currently federal agencies with the privilege of self-governance, and risks to our administrative, educational, scientific and asset integrity.”

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The MEC report said that “it is proposing the upgrading of universities and creating conditions for them to focus on their purposes, that is, teaching, research, and outreach.”

According to MEC, it is not a question of privatizing public education, but of devising a new way to finance it. The government has rejected charging tuition fees.

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