IBOV 174,041.95 ▼ 1.52% IPSA 10,950.74 ▲ 0.31% IPC MEX 66,383.68 ▲ 0.21% MERVAL 3,283,854 ▼ 1.07% COLCAP 2,274.53 ▼ 0.38% BVL PERÚ 58,287.01 — — USD/BRL5.09▲ 0.06% USD/MXN17.44▼ 0.27% USD/CLP 948.45 — 0.00% USD/COP3,216▼ 0.02% USD/PEN3.39▼ 0.21% USD/ARS1,496▼ 0.03% USD/UYU 40.14 — 0.00% USD/PYG 6,022 — 0.00% USD/BOB 11.18 — 0.00% USD/DOP 57.99 — 0.00% USD/CRC 449.17 — 0.00% USD/GTQ 7.63 — 0.00% USD/HNL 26.75 — 0.00% USD/NIO 36.62 — 0.00% USD/VES740.37▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.29▼ 0.12% USD/TTD6.71— 0.00% EUR/BRL5.80▲ 0.32% BRENT 90.53 ▼ 6.46% WTI 84.03 ▼ 5.91% IRON ORE 161.91 — — COPPER 6.37 ▲ 0.72% GOLD 4,093 ▲ 0.61% SILVER 59.51 ▲ 1.46% SOY 1,222 ▼ 2.06% CORN 475.25 ▲ 2.37% WHEAT 670.50 ▼ 1.11% COFFEE 298.25 ▼ 3.60% SUGAR 14.73 ▼ 0.27% ORANGE JUICE 142.65 ▼ 2.83% COTTON 80.17 ▲ 2.06% COCOA 5,467 ▲ 3.13% BEEF 222.50 ▼ 1.29% CATTLE 341.45 ▼ 0.68% LITHIUM 67.81 ▼ 1.75% PETR4 42.21 ▼ 1.72% VALE3 75.24 ▼ 0.58% ITUB4 42.10 ▼ 1.08% BBDC4 18.48 ▼ 1.28% ABEV3 15.64 ▼ 1.76% BBAS3 20.35 ▼ 2.77% B3SA3 15.44 ▼ 1.34% WEGE3 45.99 ▲ 0.70% PRIO3 58.82 ▼ 2.84% SUZB3 41.84 ▼ 1.39% RENT3 36.89 ▼ 0.67% AZZA3 16.65 ▼ 2.35% CSAN3 3.80 ▼ 2.56% RAIZ4 0.26 ▼ 3.70% PCAR3 2.79 ▼ 2.79% GMAT3 3.79 ▼ 2.07% PSSA3 54.78 ▼ 0.72% CVCB3 1.34 ▲ 2.29% POSI3 3.55 ▼ 3.27% SLCE3 13.64 ▼ 0.94% NATU3 8.38 ▼ 2.10% BRKM5 6.10 ▼ 1.13% RANI3 7.95 ▲ 0.25% CSNA3 5.36 ▲ 1.13% CMIN3 5.69 ▼ 2.40% USIM5 8.48 ▼ 0.12% GGBR4 24.26 ▲ 0.83% ENEV3 24.90 ▼ 3.11% CPFE3 45.09 ▼ 2.44% CMIG4 10.98 ▼ 1.88% EQTL3 38.34 ▼ 1.74% LREN3 13.27 ▼ 0.75% VIVT3 35.47 ▲ 2.22% RAIL3 13.57 ▼ 2.79% KLABIN 17.52 ▼ 0.79% RAIA DROGASIL 17.98 ▼ 1.15% RDOR3 33.38 ▼ 0.86% HAPV3 9.92 ▼ 5.25% FLRY3 16.26 ▼ 1.93% SMTO3 15.05 ▼ 4.20% UGPA3 32.71 ▼ 2.04% VBBR3 35.10 ▼ 1.40% BBSE3 41.49 ▼ 2.15% BPAC11 54.67 ▼ 2.90% CURY3 29.35 ▼ 0.91% AERI3 2.04 ▲ 0.99% VIVARA 21.42 ▼ 0.14% COMPASS 24.76 ▼ 1.28% VAMOS 3.15 ▼ 1.87% SANB11 26.34 ▼ 1.09% ASAI3 7.85 ▼ 2.12% SBSP3 28.38 ▼ 1.29% WALMEX 48.00 ▲ 1.39% GMEXICO 207.28 ▼ 0.94% FEMSA 221.92 ▼ 0.19% CEMEX 21.18 ▼ 1.40% GFNORTE 193.04 ▲ 2.00% BIMBO 58.26 ▼ 1.39% TELEVISA 9.73 ▼ 0.61% AMX 22.80 ▲ 0.18% GAP 377.44 ▲ 0.26% ASUR 267.99 ▼ 0.69% OMA 226.14 ▼ 0.51% KOF 179.29 ▼ 0.23% GRUMA 268.70 ▼ 0.09% KIMBER 39.70 ▲ 1.10% SQM-B 65,350 ▼ 0.23% COPEC 6,330 ▲ 1.12% BSANTANDER 79.32 ▼ 0.85% FALABELLA 5,990 ▼ 1.12% ENELAM 85.49 ▲ 0.58% CENCOSUD 1,958 ▼ 0.51% CMPC 1,025 ▼ 2.47% BANCO CHILE 193.10 ▲ 1.25% LATAM AIR 23.88 ▲ 1.62% YPF 82,000 ▼ 0.58% GGAL 7,890 ▼ 0.69% PAMPA 5,515 ▼ 2.04% TXAR 675.00 ▼ 0.74% ALUAR 972.00 ▼ 1.07% TGS 9,765 ▼ 2.30% CEPU 2,365 ▼ 2.27% MIRGOR 16,525 ▼ 1.20% COME 42.41 ▼ 0.28% LOMA NEGRA 3,623 ▼ 3.78% BYMA 299.75 ▲ 2.48% TELECOM ARG 4,380 ▲ 1.27% ECOPETROL 16.01 ▼ 1.96% BANCOLOMBIA 86.01 ▼ 0.90% GRUPO AVAL 4.79 ▼ 3.04% CREDICORP 388.77 ▲ 0.29% SOUTHERN COPPER 179.29 ▼ 1.61% BUENAVENTURA 30.91 ▼ 1.31% MERCADOLIBRE 1,801 ▲ 0.15% NUBANK 14.09 ▼ 0.70% XP 16.69 ▼ 0.83% PAGSEGURO 9.20 ▼ 2.75% STONE 10.76 ▼ 2.00% GLOBANT 31.30 ▲ 2.25% TECNOGLASS 45.30 ▲ 3.57% GAP AIRPORT 216.28 ▲ 0.39% ASUR 267.99 ▼ 0.69% OMA AIRPORT 103.43 ▼ 0.68% AMX ADR 26.01 — 0.00% FEMSA ADR 127.12 — 0.00% CEMEX ADR 12.06 — 0.00% PETROBRAS ADR 18.77 ▼ 1.21% VALE ADR 14.79 ▼ 0.27% ITAU ADR 8.28 ▼ 0.84% SANTANDER BR 5.30 — 0.00% AMBEV ADR 3.06 ▼ 0.97% CSN 1.08 — 0.00% GERDAU 4.81 ▲ 0.84% LATAM ADR 50.15 — 0.00% BTC 65,180 ▼ 0.25% ETH 1,967 ▲ 0.67% SOL 76.32 ▼ 0.37% XRP 1.11 ▼ 0.42% BNB 574.49 ▼ 0.00% ADA 0.17 ▼ 0.31% DOGE 0.07 ▼ 0.92% AVAX 6.67 ▼ 0.96% LINK 8.81 ▼ 0.08% DOT 0.81 ▼ 1.94% LTC 46.96 ▼ 1.74% BCH 216.40 ▼ 0.19% TRX 0.33 ▼ 0.25% XLM 0.18 ▼ 0.50% HBAR 0.07 ▼ 1.00% NEAR 1.85 ▲ 0.50% ATOM 1.38 ▼ 1.03% AAVE 101.32 ▼ 0.19% SELIC 14.25% EMBRAER 82.50 ▼ 1.08% EMBRAER ADR 64.93 ▼ 0.82% JBS 12.28 ▲ 1.24% JBS BDR 62.04 ▲ 0.36% MBRF3 14.84 ▼ 4.81% MBRFY 2.94 ▼ 0.34% INTER 5.29 ▼ 3.11% EGX 53,863 ▲ 0.83% USD/ZAR16.72▼ 0.66% USD/NGN 1,363 — 0.00% NIKKEI 64,931 ▲ 0.50% CSI300 4,702 ▲ 1.15% HSI 25,207 ▲ 0.98% NIFTY 23,972 ▲ 0.86% KOSPI 6,756 ▲ 0.97% JCI 6,154 ▼ 0.68% USD/JPY163.53▼ 0.06% USD/CNY6.77▼ 0.08% DAX 25,410 ▲ 1.24% CAC 8,416 ▲ 0.52% FTSE 10,775 ▲ 0.36% MIB 51,978 ▲ 0.34% IBEX 19,776 ▲ 0.97% STOXX 647.97 ▲ 0.54% EUR/USD1.14▲ 0.05% GBP/USD1.33▼ 0.02% SPX 7,412 ▲ 0.05% DJI 51,947 ▲ 0.46% NDX 28,128 ▼ 1.15% RUT 2,930 ▼ 0.35% TSX 35,369 ▲ 0.50% VIX 17.72 ▼ 4.63% USD/CAD1.41▲ 0.12% US10Y 4.6790 ▼ 0.51% IBOV 174,041.95 ▼ 1.52% IPSA 10,950.74 ▲ 0.31% IPC MEX 66,383.68 ▲ 0.21% MERVAL 3,283,854 ▼ 1.07% COLCAP 2,274.53 ▼ 0.38% BVL PERÚ 58,287.01 — — USD/BRL 5.09 ▲ 0.06% USD/MXN 17.44 ▼ 0.27% USD/CLP 948.45 — 0.00% USD/COP 3,216 ▼ 0.02% USD/PEN 3.39 ▼ 0.21% USD/ARS 1,496 ▼ 0.03% USD/UYU 40.14 — 0.00% USD/PYG 6,022 — 0.00% USD/BOB 11.18 — 0.00% USD/DOP 57.99 — 0.00% USD/CRC 449.17 — 0.00% USD/GTQ 7.63 — 0.00% USD/HNL 26.75 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 740.37 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.29 ▲ 0.08% USD/TTD 6.71 ▲ 0.68% EUR/BRL 5.80 ▲ 0.32% BRENT 90.53 ▼ 6.46% WTI 84.03 ▼ 5.91% IRON ORE 161.91 — — COPPER 6.37 ▲ 0.72% GOLD 4,093 ▲ 0.61% SILVER 59.51 ▲ 1.46% SOY 1,222 ▼ 2.06% CORN 475.25 ▲ 2.37% WHEAT 670.50 ▼ 1.11% COFFEE 298.25 ▼ 3.60% SUGAR 14.73 ▼ 0.27% ORANGE JUICE 142.65 ▼ 2.83% COTTON 80.17 ▲ 2.06% COCOA 5,467 ▲ 3.13% BEEF 222.50 ▼ 1.29% CATTLE 341.45 ▼ 0.68% LITHIUM 67.81 ▼ 1.75% PETR4 42.21 ▼ 1.72% VALE3 75.24 ▼ 0.58% ITUB4 42.10 ▼ 1.08% BBDC4 18.48 ▼ 1.28% ABEV3 15.64 ▼ 1.76% BBAS3 20.35 ▼ 2.77% B3SA3 15.44 ▼ 1.34% WEGE3 45.99 ▲ 0.70% PRIO3 58.82 ▼ 2.84% SUZB3 41.84 ▼ 1.39% RENT3 36.89 ▼ 0.67% AZZA3 16.65 ▼ 2.35% CSAN3 3.80 ▼ 2.56% RAIZ4 0.26 ▼ 3.70% PCAR3 2.79 ▼ 2.79% GMAT3 3.79 ▼ 2.07% PSSA3 54.78 ▼ 0.72% CVCB3 1.34 ▲ 2.29% POSI3 3.55 ▼ 3.27% SLCE3 13.64 ▼ 0.94% NATU3 8.38 ▼ 2.10% BRKM5 6.10 ▼ 1.13% RANI3 7.95 ▲ 0.25% CSNA3 5.36 ▲ 1.13% CMIN3 5.69 ▼ 2.40% USIM5 8.48 ▼ 0.12% GGBR4 24.26 ▲ 0.83% ENEV3 24.90 ▼ 3.11% CPFE3 45.09 ▼ 2.44% CMIG4 10.98 ▼ 1.88% EQTL3 38.34 ▼ 1.74% LREN3 13.27 ▼ 0.75% VIVT3 35.47 ▲ 2.22% RAIL3 13.57 ▼ 2.79% KLABIN 17.52 ▼ 0.79% RAIA DROGASIL 17.98 ▼ 1.15% RDOR3 33.38 ▼ 0.86% HAPV3 9.92 ▼ 5.25% FLRY3 16.26 ▼ 1.93% SMTO3 15.05 ▼ 4.20% UGPA3 32.71 ▼ 2.04% VBBR3 35.10 ▼ 1.40% BBSE3 41.49 ▼ 2.15% BPAC11 54.67 ▼ 2.90% CURY3 29.35 ▼ 0.91% AERI3 2.04 ▲ 0.99% VIVARA 21.42 ▼ 0.14% COMPASS 24.76 ▼ 1.28% VAMOS 3.15 ▼ 1.87% SANB11 26.34 ▼ 1.09% ASAI3 7.85 ▼ 2.12% SBSP3 28.38 ▼ 1.29% WALMEX 48.00 ▲ 1.39% GMEXICO 207.28 ▼ 0.94% FEMSA 221.92 ▼ 0.19% CEMEX 21.18 ▼ 1.40% GFNORTE 193.04 ▲ 2.00% BIMBO 58.26 ▼ 1.39% TELEVISA 9.73 ▼ 0.61% AMX 22.80 ▲ 0.18% GAP 377.44 ▲ 0.26% ASUR 267.99 ▼ 0.69% OMA 226.14 ▼ 0.51% KOF 179.29 ▼ 0.23% GRUMA 268.70 ▼ 0.09% KIMBER 39.70 ▲ 1.10% SQM-B 65,350 ▼ 0.23% COPEC 6,330 ▲ 1.12% BSANTANDER 79.32 ▼ 0.85% FALABELLA 5,990 ▼ 1.12% ENELAM 85.49 ▲ 0.58% CENCOSUD 1,958 ▼ 0.51% CMPC 1,025 ▼ 2.47% BANCO CHILE 193.10 ▲ 1.25% LATAM AIR 23.88 ▲ 1.62% YPF 82,000 ▼ 0.58% GGAL 7,890 ▼ 0.69% PAMPA 5,515 ▼ 2.04% TXAR 675.00 ▼ 0.74% ALUAR 972.00 ▼ 1.07% TGS 9,765 ▼ 2.30% CEPU 2,365 ▼ 2.27% MIRGOR 16,525 ▼ 1.20% COME 42.41 ▼ 0.28% LOMA NEGRA 3,623 ▼ 3.78% BYMA 299.75 ▲ 2.48% TELECOM ARG 4,380 ▲ 1.27% ECOPETROL 16.01 ▼ 1.96% BANCOLOMBIA 86.01 ▼ 0.90% GRUPO AVAL 4.79 ▼ 3.04% CREDICORP 388.77 ▲ 0.29% SOUTHERN COPPER 179.29 ▼ 1.61% BUENAVENTURA 30.91 ▼ 1.31% MERCADOLIBRE 1,801 ▲ 0.15% NUBANK 14.09 ▼ 0.70% XP 16.69 ▼ 0.83% PAGSEGURO 9.20 ▼ 2.75% STONE 10.76 ▼ 2.00% GLOBANT 31.30 ▲ 2.25% TECNOGLASS 45.30 ▲ 3.57% GAP AIRPORT 216.28 ▲ 0.39% ASUR 267.99 ▼ 0.69% OMA AIRPORT 103.43 ▼ 0.68% AMX ADR 26.01 — 0.00% FEMSA ADR 127.12 — 0.00% CEMEX ADR 12.06 — 0.00% PETROBRAS ADR 18.77 ▼ 1.21% VALE ADR 14.79 ▼ 0.27% ITAU ADR 8.28 ▼ 0.84% SANTANDER BR 5.30 — 0.00% AMBEV ADR 3.06 ▼ 0.97% CSN 1.08 — 0.00% GERDAU 4.81 ▲ 0.84% LATAM ADR 50.15 — 0.00% BTC 65,180 ▼ 0.25% ETH 1,967 ▲ 0.67% SOL 76.32 ▼ 0.37% XRP 1.11 ▼ 0.42% BNB 574.49 ▼ 0.00% ADA 0.17 ▼ 0.31% DOGE 0.07 ▼ 0.92% AVAX 6.67 ▼ 0.96% LINK 8.81 ▼ 0.08% DOT 0.81 ▼ 1.94% LTC 46.96 ▼ 1.74% BCH 216.40 ▼ 0.19% TRX 0.33 ▼ 0.25% XLM 0.18 ▼ 0.50% HBAR 0.07 ▼ 1.00% NEAR 1.85 ▲ 0.50% ATOM 1.38 ▼ 1.03% AAVE 101.32 ▼ 0.19% SELIC 14.25% EMBRAER 82.50 ▼ 1.08% EMBRAER ADR 64.93 ▼ 0.82% JBS 12.28 ▲ 1.24% JBS BDR 62.04 ▲ 0.36% MBRF3 14.84 ▼ 4.81% MBRFY 2.94 ▼ 0.34% INTER 5.29 ▼ 3.11% EGX 53,863 ▲ 0.83% USD/ZAR 16.72 ▼ 0.59% USD/NGN 1,363 — 0.00% NIKKEI 64,931 ▲ 0.50% CSI300 4,702 ▲ 1.15% HSI 25,207 ▲ 0.98% NIFTY 23,972 ▲ 0.86% KOSPI 6,756 ▲ 0.97% JCI 6,154 ▼ 0.68% USD/JPY 163.54 ▼ 0.16% USD/CNY 6.7669 ▼ 0.07% DAX 25,410 ▲ 1.24% CAC 8,416 ▲ 0.52% FTSE 10,775 ▲ 0.36% MIB 51,978 ▲ 0.34% IBEX 19,776 ▲ 0.97% STOXX 647.97 ▲ 0.54% EUR/USD 1.1400 ▲ 0.22% GBP/USD 1.3335 ▲ 0.12% SPX 7,412 ▲ 0.05% DJI 51,947 ▲ 0.46% NDX 28,128 ▼ 1.15% RUT 2,930 ▼ 0.35% TSX 35,369 ▲ 0.50% VIX 17.72 ▼ 4.63% USD/CAD 1.4099 ▲ 0.05% US10Y 4.6790 ▼ 0.51%
since 2009
Monday, July 27, 2026

A Rio Problem

By · February 8, 2011 · 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.

Opinion, by Samantha Barthelemy

RIO DE JANEIRO, BRAZIL – Since 2007 the federal government planned 392 projects on urban and social infrastructure for municipalities of Rio de Janeiro state within the PAC, or Programa de Aceleração do Crescimento (Program for Growth Acceleration).

Samantha Barthelemy, Carioca in New York specializing in International Security Policy, Brazilian Studies and Communications.
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
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

Of those, 298 were scheduled to start between 2007 and 2008. While state and local governments received nearly one third of the R$6.9 billion allocated, today only 15 works have been completed.

Some projects were halted, others are simply unfinished, a few are moving slowly and most have not even started. According to a recent federal government report only 3.8 percent of works on infrastructure – basic sanitation, pavement, drainage, habitation and flood prevention – were effectively concluded in the state.

And it goes on. Evidence of public funding waste abound.

Works for a housing complex in the neighborhood of Barro Vermelho, in Belford Roxo, were abandoned seven months ago. Initiated in 2008 the project cost the government over R$11.5 million. Today there is no public lighting and residents affirm the area is being used for the sale and consumption of drugs.

When contacted, the Ministry of Cities stated, “The situation in Barro Vermelho is normal.” The same was said in reference to projects in Nova Iguaçu, where a resident literally took matters into his own hands and dug a whole on the street to clear the sewerage system and prevent an inundation.

But it’s okay. Rio is in good hands, right?

Last Thursday our esteemed Romário, former soccer star and now Rio’s federal legislator, was caught playing futevôlei (the Carioca combination of beach soccer and volleyball) at around 5:00 PM. After being “accused” by Jornal Extra of failing to fulfill his federal duties Romário attempted to “clear matters” through his Twitter account.

“I didn’t miss work as was publicized in a Carioca newspaper. To those who don’t know, there was no plenary session and presence was not mandatory.” I guess we misunderstood.

In his defense, Romário showed up in Congress, received a check for attending and caught a plane from Brasília back to Rio in time to join his friends at Barra beach. True, the session was not deliberative and attendance was not mandatory. But while Romário enjoyed Rio’s sunset his government colleagues discussed 170 law projects in the parliament’s first legislative session.

While on the one hand it gives me hope to see the media repeatedly exposing these (in)actions, on the other hand I cannot help but despair a little. I recently wrote that we are all responsible for holding our leaders accountable – however little respect we may have for them.

So I invite your opinion as to what residents of this beautiful yet troubled state can do to ensure that we can actually move forward.

——–
A Belgian-Brazilian native of Rio de Janeiro and former United Nations journalist, Samantha Barthelemy is a dual degree Masters of International Affairs student with Columbia University and the Paris Institute of Political Studies, specializing in International Security Policy, Brazilian Studies and Communications. http://samanthabarthelemy.blogspot.com

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.