IBOV 178,937.69 ▲ 0.53% IPSA 11,049.58 ▲ 0.30% IPC MEX 66,700.17 ▼ 0.35% MERVAL 3,228,053 ▼ 1.42% COLCAP 2,366.58 ▼ 0.76% BVL PERÚ 57,475.88 — — USD/BRL5.11▲ 0.34% USD/MXN17.26▼ 0.45% USD/CLP914.23▼ 1.22% USD/COP3,206▲ 2.31% USD/PEN3.39▼ 0.18% USD/ARS1,497▲ 0.15% USD/UYU40.19▲ 1.51% USD/PYG5,932▲ 1.71% USD/BOB12.03▲ 3.12% USD/DOP58.31▲ 2.03% USD/CRC446.90▲ 1.41% USD/GTQ7.62▲ 2.50% USD/HNL26.78▲ 1.90% USD/NIO36.62▲ 1.01% USD/VES750.21▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 1.10% USD/TTD6.71▲ 1.12% EUR/BRL5.88▲ 0.52% BRENT 80.56 ▼ 3.83% WTI 76.84 ▼ 4.36% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.06% GOLD 4,136 ▲ 2.54% SILVER 59.63 ▲ 3.40% SOY 1,176 ▲ 0.64% CORN 467.00 ▲ 3.95% WHEAT 637.50 ▼ 2.07% COFFEE 321.75 ▲ 0.70% SUGAR 15.07 ▲ 0.40% ORANGE JUICE 156.60 ▼ 1.11% COTTON 82.33 ▲ 1.20% COCOA 5,898 ▼ 0.69% BEEF 225.95 ▼ 2.23% CATTLE 341.83 ▼ 1.73% LITHIUM 71.26 ▲ 2.66% PETR4 42.37 ▼ 1.58% VALE3 75.98 ▲ 1.80% ITUB4 43.14 ▼ 0.07% BBDC4 18.50 ▼ 0.27% ABEV3 15.84 ▲ 0.44% BBAS3 21.39 ▲ 0.56% B3SA3 15.80 ▲ 1.15% WEGE3 48.89 ▲ 1.43% PRIO3 57.97 ▼ 0.91% SUZB3 43.00 ▼ 0.23% RENT3 39.02 ▲ 2.41% AZZA3 16.19 ▼ 0.25% CSAN3 4.08 ▼ 0.49% RAIZ4 0.28 ▲ 7.69% PCAR3 2.82 ▲ 2.55% GMAT3 3.99 ▲ 0.50% PSSA3 54.33 ▲ 0.61% CVCB3 1.41 ▼ 2.08% POSI3 3.51 — 0.00% SLCE3 13.60 ▲ 1.87% NATU3 8.53 ▲ 0.35% BRKM5 6.02 ▲ 1.01% RANI3 8.49 ▲ 0.83% CSNA3 4.75 ▲ 5.32% CMIN3 5.84 ▲ 1.92% USIM5 7.68 ▲ 1.59% GGBR4 26.16 ▲ 2.07% ENEV3 27.12 ▲ 1.38% CPFE3 46.33 ▲ 0.48% CMIG4 11.26 ▼ 0.18% EQTL3 39.09 ▲ 0.51% LREN3 13.86 ▲ 0.07% VIVT3 32.01 ▼ 0.90% RAIL3 14.21 ▲ 0.35% KLABIN 18.30 ▲ 0.33% RAIA DROGASIL 19.19 ▲ 1.80% RDOR3 34.12 ▲ 0.18% HAPV3 11.94 ▲ 0.25% FLRY3 17.48 ▲ 1.22% SMTO3 14.14 ▼ 1.67% UGPA3 32.99 ▼ 0.33% VBBR3 35.88 ▼ 0.69% BBSE3 41.87 ▲ 1.23% BPAC11 57.51 ▲ 0.68% CURY3 31.18 ▼ 0.86% AERI3 2.20 ▲ 2.33% VIVARA 22.70 ▼ 0.61% COMPASS 24.65 ▼ 1.79% VAMOS 3.31 ▲ 1.53% SANB11 29.24 ▲ 1.07% ASAI3 8.69 ▲ 1.64% SBSP3 27.81 ▲ 0.87% WALMEX 49.47 ▼ 0.64% GMEXICO 219.91 ▲ 3.58% FEMSA 218.84 ▲ 0.72% CEMEX 20.34 ▼ 1.26% GFNORTE 199.63 ▲ 0.50% BIMBO 61.31 ▲ 0.03% TELEVISA 9.73 ▲ 0.10% AMX 21.71 ▲ 0.46% GAP 382.63 ▲ 1.74% ASUR 279.75 ▲ 0.41% OMA 235.99 ▲ 2.44% KOF 186.71 ▲ 0.91% GRUMA 264.37 ▲ 0.15% KIMBER 40.28 ▲ 0.37% SQM-B 62,412 ▲ 0.81% COPEC 6,295 ▼ 0.74% BSANTANDER 80.13 ▼ 0.39% FALABELLA 6,361 ▼ 0.37% ENELAM 87.02 ▲ 0.02% CENCOSUD 1,960 ▲ 0.25% CMPC 1,068 ▲ 1.70% BANCO CHILE 192.00 ▼ 0.25% LATAM AIR 25.55 ▲ 1.19% YPF 7,885 ▼ 2.71% GGAL 7,900 ▼ 0.88% PAMPA 5,415 ▼ 1.55% TXAR 658.00 ▲ 0.53% ALUAR 965.00 ▼ 0.16% TGS 9,550 ▼ 3.44% CEPU 2,306 ▼ 2.70% MIRGOR 1,635 ▼ 0.30% COME 43.05 ▼ 0.32% LOMA NEGRA 3,588 — 0.00% BYMA 294.50 ▲ 0.68% TELECOM ARG 4,350 ▼ 0.80% ECOPETROL 16.27 ▼ 2.02% BANCOLOMBIA 91.51 ▲ 0.44% GRUPO AVAL 5.20 ▼ 0.76% CREDICORP 395.74 ▼ 0.01% SOUTHERN COPPER 194.00 ▲ 4.35% BUENAVENTURA 31.38 ▲ 2.99% MERCADOLIBRE 1,875 ▼ 1.27% NUBANK 14.56 ▲ 0.83% XP 17.22 ▲ 1.09% PAGSEGURO 9.60 ▼ 0.05% STONE 11.26 ▼ 0.79% GLOBANT 36.92 ▼ 0.59% TECNOGLASS 47.45 ▲ 1.48% GAP AIRPORT 221.92 ▲ 1.73% ASUR 279.75 ▲ 0.41% OMA AIRPORT 109.42 ▲ 2.52% AMX ADR 25.12 ▲ 0.64% FEMSA ADR 127.16 ▲ 1.12% CEMEX ADR 11.80 ▼ 0.38% PETROBRAS ADR 18.78 ▼ 1.50% VALE ADR 14.87 ▲ 2.00% ITAU ADR 8.44 ▼ 0.59% SANTANDER BR 5.78 ▲ 0.70% AMBEV ADR 3.05 — 0.00% CSN 0.94 ▲ 1.52% GERDAU 5.15 ▲ 1.78% LATAM ADR 55.59 ▲ 1.98% BTC 64,031 ▲ 0.90% ETH 1,871 ▲ 0.69% SOL 73.69 ▲ 0.29% XRP 1.07 ▲ 0.02% BNB 593.48 ▲ 0.80% ADA 0.19 ▼ 0.51% DOGE 0.07 ▼ 0.11% AVAX 6.73 ▲ 2.44% LINK 8.21 ▲ 0.47% DOT 0.83 ▲ 0.59% LTC 44.42 ▲ 0.39% BCH 213.81 ▲ 0.32% TRX 0.33 ▲ 0.20% XLM 0.17 ▼ 1.28% HBAR 0.07 ▼ 1.23% NEAR 1.73 ▼ 0.17% ATOM 1.38 ▲ 1.20% AAVE 91.12 ▼ 1.26% SELIC 14.25% EMBRAER 90.78 ▲ 1.32% EMBRAER ADR 71.11 ▲ 0.24% JBS 13.55 ▼ 1.56% JBS BDR 69.17 ▼ 0.58% MBRF3 17.53 ▼ 0.96% MBRFY 3.40 ▲ 0.89% INTER 5.65 ▲ 0.27% EGX 54,502 ▲ 0.75% USD/ZAR16.39▼ 0.85% USD/NGN1,360▼ 0.28% NIKKEI 63,958 ▲ 0.32% CSI300 4,601 ▲ 1.27% HSI 25,853 ▼ 0.60% NIFTY 24,615 ▼ 0.64% KOSPI 6,359 ▲ 1.62% JCI 6,320 ▲ 1.37% USD/JPY157.59▲ 0.26% USD/CNY6.75— 0.00% DAX 26,190 ▲ 0.72% CAC 8,637 ▲ 0.27% FTSE 10,885 ▲ 0.25% MIB 53,492 ▲ 1.17% IBEX 20,042 ▲ 0.30% STOXX 656.54 ▲ 0.68% EUR/USD1.15▲ 0.15% GBP/USD1.34▼ 0.33% SPX 7,682 ▲ 1.08% DJI 53,902 ▲ 1.36% NDX 29,431 ▲ 2.27% RUT 3,006 ▲ 0.80% TSX 35,641 ▲ 1.18% VIX 15.78 ▼ 0.50% USD/CAD1.41▲ 0.09% US10Y 4.6430 ▼ 0.92% IBOV 178,937.69 ▲ 0.53% IPSA 11,049.58 ▲ 0.30% IPC MEX 66,700.17 ▼ 0.35% MERVAL 3,228,053 ▼ 1.42% COLCAP 2,366.58 ▼ 0.76% BVL PERÚ 57,475.88 — — USD/BRL 5.11 ▲ 0.34% USD/MXN 17.26 ▼ 0.45% USD/CLP 914.23 ▼ 1.22% USD/COP 3,206 ▲ 2.31% USD/PEN 3.39 ▼ 0.18% USD/ARS 1,497 ▲ 0.15% USD/UYU 40.19 ▲ 1.51% USD/PYG 5,932 ▲ 1.71% USD/BOB 12.03 ▲ 3.12% USD/DOP 58.31 ▲ 2.03% USD/CRC 446.90 ▲ 1.41% USD/GTQ 7.62 ▲ 2.50% USD/HNL 26.78 ▲ 1.90% USD/NIO 36.62 ▲ 1.01% USD/VES 750.21 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.99 ▲ 1.10% USD/TTD 6.71 ▲ 1.12% EUR/BRL 5.88 ▲ 0.52% BRENT 80.56 ▼ 3.83% WTI 76.84 ▼ 4.36% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.06% GOLD 4,136 ▲ 2.54% SILVER 59.63 ▲ 3.40% SOY 1,176 ▲ 0.64% CORN 467.00 ▲ 3.95% WHEAT 637.50 ▼ 2.07% COFFEE 321.75 ▲ 0.70% SUGAR 15.07 ▲ 0.40% ORANGE JUICE 156.60 ▼ 1.11% COTTON 82.33 ▲ 1.20% COCOA 5,898 ▼ 0.69% BEEF 225.95 ▼ 2.23% CATTLE 341.83 ▼ 1.73% LITHIUM 71.26 ▲ 2.66% PETR4 42.37 ▼ 1.58% VALE3 75.98 ▲ 1.80% ITUB4 43.14 ▼ 0.07% BBDC4 18.50 ▼ 0.27% ABEV3 15.84 ▲ 0.44% BBAS3 21.39 ▲ 0.56% B3SA3 15.80 ▲ 1.15% WEGE3 48.89 ▲ 1.43% PRIO3 57.97 ▼ 0.91% SUZB3 43.00 ▼ 0.23% RENT3 39.02 ▲ 2.41% AZZA3 16.19 ▼ 0.25% CSAN3 4.08 ▼ 0.49% RAIZ4 0.28 ▲ 7.69% PCAR3 2.82 ▲ 2.55% GMAT3 3.99 ▲ 0.50% PSSA3 54.33 ▲ 0.61% CVCB3 1.41 ▼ 2.08% POSI3 3.51 — 0.00% SLCE3 13.60 ▲ 1.87% NATU3 8.53 ▲ 0.35% BRKM5 6.02 ▲ 1.01% RANI3 8.49 ▲ 0.83% CSNA3 4.75 ▲ 5.32% CMIN3 5.84 ▲ 1.92% USIM5 7.68 ▲ 1.59% GGBR4 26.16 ▲ 2.07% ENEV3 27.12 ▲ 1.38% CPFE3 46.33 ▲ 0.48% CMIG4 11.26 ▼ 0.18% EQTL3 39.09 ▲ 0.51% LREN3 13.86 ▲ 0.07% VIVT3 32.01 ▼ 0.90% RAIL3 14.21 ▲ 0.35% KLABIN 18.30 ▲ 0.33% RAIA DROGASIL 19.19 ▲ 1.80% RDOR3 34.12 ▲ 0.18% HAPV3 11.94 ▲ 0.25% FLRY3 17.48 ▲ 1.22% SMTO3 14.14 ▼ 1.67% UGPA3 32.99 ▼ 0.33% VBBR3 35.88 ▼ 0.69% BBSE3 41.87 ▲ 1.23% BPAC11 57.51 ▲ 0.68% CURY3 31.18 ▼ 0.86% AERI3 2.20 ▲ 2.33% VIVARA 22.70 ▼ 0.61% COMPASS 24.65 ▼ 1.79% VAMOS 3.31 ▲ 1.53% SANB11 29.24 ▲ 1.07% ASAI3 8.69 ▲ 1.64% SBSP3 27.81 ▲ 0.87% WALMEX 49.47 ▼ 0.64% GMEXICO 219.91 ▲ 3.58% FEMSA 218.84 ▲ 0.72% CEMEX 20.34 ▼ 1.26% GFNORTE 199.63 ▲ 0.50% BIMBO 61.31 ▲ 0.03% TELEVISA 9.73 ▲ 0.10% AMX 21.71 ▲ 0.46% GAP 382.63 ▲ 1.74% ASUR 279.75 ▲ 0.41% OMA 235.99 ▲ 2.44% KOF 186.71 ▲ 0.91% GRUMA 264.37 ▲ 0.15% KIMBER 40.28 ▲ 0.37% SQM-B 62,412 ▲ 0.81% COPEC 6,295 ▼ 0.74% BSANTANDER 80.13 ▼ 0.39% FALABELLA 6,361 ▼ 0.37% ENELAM 87.02 ▲ 0.02% CENCOSUD 1,960 ▲ 0.25% CMPC 1,068 ▲ 1.70% BANCO CHILE 192.00 ▼ 0.25% LATAM AIR 25.55 ▲ 1.19% YPF 7,885 ▼ 2.71% GGAL 7,900 ▼ 0.88% PAMPA 5,415 ▼ 1.55% TXAR 658.00 ▲ 0.53% ALUAR 965.00 ▼ 0.16% TGS 9,550 ▼ 3.44% CEPU 2,306 ▼ 2.70% MIRGOR 1,635 ▼ 0.30% COME 43.05 ▼ 0.32% LOMA NEGRA 3,588 — 0.00% BYMA 294.50 ▲ 0.68% TELECOM ARG 4,350 ▼ 0.80% ECOPETROL 16.27 ▼ 2.02% BANCOLOMBIA 91.51 ▲ 0.44% GRUPO AVAL 5.20 ▼ 0.76% CREDICORP 395.74 ▼ 0.01% SOUTHERN COPPER 194.00 ▲ 4.35% BUENAVENTURA 31.38 ▲ 2.99% MERCADOLIBRE 1,875 ▼ 1.27% NUBANK 14.56 ▲ 0.83% XP 17.22 ▲ 1.09% PAGSEGURO 9.60 ▼ 0.05% STONE 11.26 ▼ 0.79% GLOBANT 36.92 ▼ 0.59% TECNOGLASS 47.45 ▲ 1.48% GAP AIRPORT 221.92 ▲ 1.73% ASUR 279.75 ▲ 0.41% OMA AIRPORT 109.42 ▲ 2.52% AMX ADR 25.12 ▲ 0.64% FEMSA ADR 127.16 ▲ 1.12% CEMEX ADR 11.80 ▼ 0.38% PETROBRAS ADR 18.78 ▼ 1.50% VALE ADR 14.87 ▲ 2.00% ITAU ADR 8.44 ▼ 0.59% SANTANDER BR 5.78 ▲ 0.70% AMBEV ADR 3.05 — 0.00% CSN 0.94 ▲ 1.52% GERDAU 5.15 ▲ 1.78% LATAM ADR 55.59 ▲ 1.98% BTC 64,031 ▲ 0.90% ETH 1,871 ▲ 0.69% SOL 73.69 ▲ 0.29% XRP 1.07 ▲ 0.02% BNB 593.48 ▲ 0.80% ADA 0.19 ▼ 0.51% DOGE 0.07 ▼ 0.11% AVAX 6.73 ▲ 2.44% LINK 8.21 ▲ 0.47% DOT 0.83 ▲ 0.59% LTC 44.42 ▲ 0.39% BCH 213.81 ▲ 0.32% TRX 0.33 ▲ 0.20% XLM 0.17 ▼ 1.28% HBAR 0.07 ▼ 1.23% NEAR 1.73 ▼ 0.17% ATOM 1.38 ▲ 1.20% AAVE 91.12 ▼ 1.26% SELIC 14.25% EMBRAER 90.78 ▲ 1.32% EMBRAER ADR 71.11 ▲ 0.24% JBS 13.55 ▼ 1.56% JBS BDR 69.17 ▼ 0.58% MBRF3 17.53 ▼ 0.96% MBRFY 3.40 ▲ 0.89% INTER 5.65 ▲ 0.27% EGX 54,502 ▲ 0.75% USD/ZAR 16.40 ▼ 0.66% USD/NGN 1,360 ▼ 0.05% NIKKEI 63,958 ▲ 0.32% CSI300 4,601 ▲ 1.27% HSI 25,853 ▼ 0.60% NIFTY 24,615 ▼ 0.64% KOSPI 6,359 ▲ 1.62% JCI 6,320 ▲ 1.37% USD/JPY 157.60 ▲ 0.26% USD/CNY 6.7354 ▼ 0.16% DAX 26,190 ▲ 0.72% CAC 8,637 ▲ 0.27% FTSE 10,885 ▲ 0.25% MIB 53,492 ▲ 1.17% IBEX 20,042 ▲ 0.30% STOXX 656.54 ▲ 0.68% EUR/USD 1.1523 ▲ 0.08% GBP/USD 1.3446 ▲ 0.14% SPX 7,682 ▲ 1.08% DJI 53,902 ▲ 1.36% NDX 29,431 ▲ 2.27% RUT 3,006 ▲ 0.80% TSX 35,641 ▲ 1.18% VIX 15.78 ▼ 0.50% USD/CAD 1.4064 ▲ 0.15% US10Y 4.6430 ▼ 0.92%
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Tuesday, August 4, 2026

The Rise of Congressional Authority in Brazil

By · May 9, 2024 · 2 min read

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(Analysis) In Brazil, 2013 marked a pivotal year as legislative reforms transformed the power dynamic between the Executive and Legislative branches.

These adjustments significantly altered the management of presidential vetoes, amplifying Congress’s role in governance.

Previously, Brazilian presidents exercised considerable power, vetoing legislation with minimal resistance.

Now, Congress must review and address these vetoes within a set timeframe, ensuring a more active legislative role.

This procedural shift has led to a dramatic increase in the number of vetoes overridden by Congress.

Since 2003, 93 vetoes have been overturned, with a notable 70 occurring under former President Jair Bolsonaro’s term.

The Rise of Congressional Authority in Brazil. (Photo Internet reproduction)
The Rise of Congressional Authority in Brazil. (Photo Internet reproduction)
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This highlights a trend towards a more assertive Congress, ready to challenge Executive decisions.

Moreover, the new legislative assertiveness has introduced complexities that necessitate deeper inter-branch negotiations.

This is especially true during politically tense periods or when significant party fragmentation occurs in Congress.

These changes are part of a broader effort to enhance checks and balances, aiming to prevent any branch from overpowering the political process.

These reforms are crucial for establishing fair and effective governance, fostering a healthy political climate.

Increased negotiations and governance complexities have emerged as the new norm, especially during times of political tension or fragmented Congressional representation.

Former President Michel Temer’s 11 overturned vetoes underscore the legislative challenges he faced during his term.

The Rise of Congressional Authority in Brazil

Meanwhile, the current administration under President Luiz Inácio Lula da Silva has also contended with numerous veto reversals, highlighting ongoing challenges.

Such developments indicate that the Legislative branch increasingly asserts its authority over national legislation.

This pattern reflects a maturing democracy where checks and balances remain crucial.

Ultimately, the Legislative branch continues to play a pivotal role in shaping national policy, especially as political dynamics evolve.

This ongoing evolution reflects Brazil’s maturing democracy, where legislative empowerment is essential for a balanced political ecosystem.

Changes highlight the need to adapt governance to evolving political landscapes and expectations.

Brazil’s increase in congressional power illustrates its commitment to strengthening democracy through legislative checks on executive power.

This development signals Brazil’s dedication to improving democracy with effective checks and balances.

 

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

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