IBOV 177,118.69 ▼ 0.49% IPSA 11,002.99 ▼ 0.13% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,273,672 ▼ 0.54% COLCAP 2,382.96 ▼ 0.38% BVL PERÚ 57,890.85 — — USD/BRL5.08▲ 0.03% USD/MXN17.31— 0.00% USD/CLP924.63▼ 0.69% USD/COP3,228▲ 0.77% USD/PEN3.38▼ 0.34% USD/ARS1,494▲ 0.57% USD/UYU40.27▲ 0.17% USD/PYG5,936▲ 0.08% USD/BOB12.07▼ 0.25% USD/DOP58.13▲ 0.24% USD/CRC448.42— 0.00% USD/GTQ7.62▼ 0.08% USD/HNL26.78▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▼ 0.13% USD/TTD6.74▲ 0.40% EUR/BRL5.84▼ 0.35% BRENT 84.04 ▼ 6.75% WTI 79.78 ▼ 5.78% IRON ORE 161.91 — — COPPER 6.52 ▲ 1.29% GOLD 4,093 ▲ 1.08% SILVER 57.56 ▼ 0.06% SOY 1,190 ▲ 1.49% CORN 469.50 ▲ 6.52% WHEAT 649.00 ▲ 1.53% COFFEE 320.80 ▼ 3.40% SUGAR 14.91 ▲ 1.71% ORANGE JUICE 156.00 ▲ 0.68% COTTON 81.39 ▲ 1.11% COCOA 5,888 ▲ 9.10% BEEF 228.78 ▼ 1.28% CATTLE 346.33 ▼ 0.49% LITHIUM 69.17 ▼ 0.07% PETR4 42.96 ▼ 1.06% VALE3 74.28 ▼ 2.62% ITUB4 43.02 ▲ 0.35% BBDC4 18.47 ▲ 0.32% ABEV3 15.95 ▼ 0.25% BBAS3 21.24 ▼ 0.52% B3SA3 15.61 ▼ 0.76% WEGE3 47.75 ▲ 1.17% PRIO3 58.91 ▼ 3.19% SUZB3 43.28 ▼ 0.09% RENT3 37.79 ▲ 0.48% AZZA3 15.99 ▼ 2.62% CSAN3 4.09 ▲ 0.49% RAIZ4 0.25 ▼ 3.85% PCAR3 2.68 ▲ 3.47% GMAT3 3.99 ▼ 0.99% PSSA3 54.65 ▼ 0.09% CVCB3 1.36 ▲ 3.82% POSI3 3.54 ▼ 0.28% SLCE3 13.41 ▲ 0.22% NATU3 8.44 ▲ 0.72% BRKM5 5.94 ▼ 0.50% RANI3 8.23 ▲ 1.48% CSNA3 4.46 ▼ 7.85% CMIN3 5.65 ▼ 1.05% USIM5 7.45 ▲ 1.22% GGBR4 24.97 ▼ 0.04% ENEV3 26.71 ▲ 1.52% CPFE3 45.87 ▼ 0.59% CMIG4 11.19 ▼ 1.32% EQTL3 38.72 ▲ 0.16% LREN3 13.89 ▲ 2.13% VIVT3 32.36 ▼ 0.83% RAIL3 14.14 ▼ 2.08% KLABIN 18.19 ▼ 0.33% RAIA DROGASIL 18.55 ▲ 0.38% RDOR3 34.36 ▼ 0.81% HAPV3 11.61 ▲ 2.93% FLRY3 17.27 ▲ 0.76% SMTO3 14.55 ▲ 0.21% UGPA3 32.88 ▼ 0.51% VBBR3 36.06 ▲ 0.03% BBSE3 41.52 ▲ 0.63% BPAC11 56.92 ▲ 0.21% CURY3 31.04 ▲ 3.16% AERI3 2.17 ▲ 0.93% VIVARA 22.51 ▲ 1.49% COMPASS 24.71 ▼ 0.52% VAMOS 3.29 ▼ 1.50% SANB11 28.69 ▲ 0.24% ASAI3 8.48 ▼ 0.24% SBSP3 27.25 ▼ 1.62% WALMEX 50.23 ▼ 0.04% GMEXICO 210.87 ▲ 1.52% FEMSA 218.40 ▼ 1.38% CEMEX 20.65 ▲ 0.68% GFNORTE 198.81 ▼ 0.88% BIMBO 61.75 ▼ 0.34% TELEVISA 9.61 ▼ 2.04% AMX 21.74 ▼ 1.50% GAP 373.86 ▼ 0.71% ASUR 277.17 ▲ 0.56% OMA 229.77 ▼ 0.67% KOF 186.58 ▼ 0.36% GRUMA 261.48 ▲ 1.26% KIMBER 40.11 ▼ 0.22% SQM-B 62,126 ▼ 0.92% COPEC 6,303 ▼ 0.74% BSANTANDER 79.90 ▼ 1.35% FALABELLA 6,240 ▲ 0.39% ENELAM 87.77 ▼ 0.25% CENCOSUD 1,952 ▼ 0.15% CMPC 1,060 ▲ 0.47% BANCO CHILE 190.00 ▼ 1.92% LATAM AIR 25.26 ▲ 2.10% YPF 8,220 ▼ 0.84% GGAL 7,955 ▲ 0.93% PAMPA 5,510 ▼ 0.81% TXAR 656.00 ▼ 0.53% ALUAR 964.00 ▼ 1.38% TGS 9,975 ▼ 0.75% CEPU 2,378 ▼ 0.75% MIRGOR 16,150 ▼ 1.22% COME 43.50 ▼ 1.20% LOMA NEGRA 3,563 ▼ 1.59% BYMA 294.00 ▼ 0.51% TELECOM ARG 4,410 ▲ 0.06% ECOPETROL 16.65 ▼ 0.75% BANCOLOMBIA 91.18 ▼ 1.45% GRUPO AVAL 5.27 ▼ 0.19% CREDICORP 399.77 ▼ 0.20% SOUTHERN COPPER 184.97 ▲ 1.24% BUENAVENTURA 30.15 ▼ 0.43% MERCADOLIBRE 1,890 ▲ 0.65% NUBANK 14.40 ▲ 0.49% XP 17.06 ▲ 0.00% PAGSEGURO 9.68 ▲ 0.36% STONE 11.28 ▼ 0.84% GLOBANT 37.03 ▲ 1.17% TECNOGLASS 45.21 ▲ 4.07% GAP AIRPORT 215.87 ▼ 0.68% ASUR 277.17 ▲ 0.56% OMA AIRPORT 105.71 ▼ 1.12% AMX ADR 25.06 ▼ 1.14% FEMSA ADR 125.64 ▼ 1.84% CEMEX ADR 11.90 ▲ 0.68% PETROBRAS ADR 19.15 ▼ 1.29% VALE ADR 14.55 ▼ 3.42% ITAU ADR 8.46 — 0.00% SANTANDER BR 5.70 ▲ 0.53% AMBEV ADR 3.10 ▼ 0.32% CSN 0.90 ▼ 9.17% GERDAU 4.94 ▼ 0.40% LATAM ADR 54.54 ▲ 3.37% BTC 63,675 ▲ 0.30% ETH 1,862 ▼ 1.07% SOL 73.59 ▲ 0.19% XRP 1.08 ▼ 0.06% BNB 592.08 ▲ 0.77% ADA 0.19 ▲ 2.98% DOGE 0.07 ▼ 0.37% AVAX 6.51 ▼ 0.48% LINK 8.24 ▼ 1.49% DOT 0.82 ▲ 3.29% LTC 44.31 ▼ 0.73% BCH 211.05 ▼ 0.69% TRX 0.33 ▲ 0.74% XLM 0.17 ▼ 1.57% HBAR 0.07 ▲ 0.26% NEAR 1.74 ▲ 1.66% ATOM 1.34 ▲ 5.94% AAVE 93.68 ▲ 1.83% SELIC 14.25% EMBRAER 89.54 ▲ 3.05% EMBRAER ADR 70.44 ▲ 3.08% JBS 13.91 ▼ 0.82% JBS BDR 70.62 ▼ 0.11% MBRF3 17.62 ▲ 0.46% MBRFY 3.42 ▼ 0.58% INTER 5.56 ▼ 0.80% IBOV 177,118.69 ▼ 0.49% IPSA 11,002.99 ▼ 0.13% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,273,672 ▼ 0.54% COLCAP 2,382.96 ▼ 0.38% BVL PERÚ 57,890.85 — — USD/BRL 5.08 ▲ 0.03% USD/MXN 17.31 ▲ 0.00% USD/CLP 925.08 ▼ 0.65% USD/COP 3,228 ▲ 0.77% USD/PEN 3.38 ▼ 0.34% USD/ARS 1,494 ▲ 0.57% USD/UYU 40.27 ▲ 0.17% USD/PYG 5,936 ▲ 0.08% USD/BOB 12.07 ▼ 0.25% USD/DOP 58.13 ▲ 0.24% USD/CRC 448.42 ▲ 0.00% USD/GTQ 7.62 ▼ 0.08% USD/HNL 26.78 ▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES 746.91 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.24% USD/TTD 6.74 ▲ 1.26% EUR/BRL 5.84 ▼ 0.35% BRENT 84.04 ▼ 6.75% WTI 79.78 ▼ 5.78% IRON ORE 161.91 — — COPPER 6.52 ▲ 1.29% GOLD 4,093 ▲ 1.08% SILVER 57.56 ▼ 0.06% SOY 1,190 ▲ 1.49% CORN 469.50 ▲ 6.52% WHEAT 649.00 ▲ 1.53% COFFEE 320.80 ▼ 3.40% SUGAR 14.91 ▲ 1.71% ORANGE JUICE 156.00 ▲ 0.68% COTTON 81.39 ▲ 1.11% COCOA 5,888 ▲ 9.10% BEEF 228.78 ▼ 1.28% CATTLE 346.33 ▼ 0.49% LITHIUM 69.17 ▼ 0.07% PETR4 42.96 ▼ 1.06% VALE3 74.28 ▼ 2.62% ITUB4 43.02 ▲ 0.35% BBDC4 18.47 ▲ 0.32% ABEV3 15.95 ▼ 0.25% BBAS3 21.24 ▼ 0.52% B3SA3 15.61 ▼ 0.76% WEGE3 47.75 ▲ 1.17% PRIO3 58.91 ▼ 3.19% SUZB3 43.28 ▼ 0.09% RENT3 37.79 ▲ 0.48% AZZA3 15.99 ▼ 2.62% CSAN3 4.09 ▲ 0.49% RAIZ4 0.25 ▼ 3.85% PCAR3 2.68 ▲ 3.47% GMAT3 3.99 ▼ 0.99% PSSA3 54.65 ▼ 0.09% CVCB3 1.36 ▲ 3.82% POSI3 3.54 ▼ 0.28% SLCE3 13.41 ▲ 0.22% NATU3 8.44 ▲ 0.72% BRKM5 5.94 ▼ 0.50% RANI3 8.23 ▲ 1.48% CSNA3 4.46 ▼ 7.85% CMIN3 5.65 ▼ 1.05% USIM5 7.45 ▲ 1.22% GGBR4 24.97 ▼ 0.04% ENEV3 26.71 ▲ 1.52% CPFE3 45.87 ▼ 0.59% CMIG4 11.19 ▼ 1.32% EQTL3 38.72 ▲ 0.16% LREN3 13.89 ▲ 2.13% VIVT3 32.36 ▼ 0.83% RAIL3 14.14 ▼ 2.08% KLABIN 18.19 ▼ 0.33% RAIA DROGASIL 18.55 ▲ 0.38% RDOR3 34.36 ▼ 0.81% HAPV3 11.61 ▲ 2.93% FLRY3 17.27 ▲ 0.76% SMTO3 14.55 ▲ 0.21% UGPA3 32.88 ▼ 0.51% VBBR3 36.06 ▲ 0.03% BBSE3 41.52 ▲ 0.63% BPAC11 56.92 ▲ 0.21% CURY3 31.04 ▲ 3.16% AERI3 2.17 ▲ 0.93% VIVARA 22.51 ▲ 1.49% COMPASS 24.71 ▼ 0.52% VAMOS 3.29 ▼ 1.50% SANB11 28.69 ▲ 0.24% ASAI3 8.48 ▼ 0.24% SBSP3 27.25 ▼ 1.62% WALMEX 50.23 ▼ 0.04% GMEXICO 210.87 ▲ 1.52% FEMSA 218.40 ▼ 1.38% CEMEX 20.65 ▲ 0.68% GFNORTE 198.81 ▼ 0.88% BIMBO 61.75 ▼ 0.34% TELEVISA 9.61 ▼ 2.04% AMX 21.74 ▼ 1.50% GAP 373.86 ▼ 0.71% ASUR 277.17 ▲ 0.56% OMA 229.77 ▼ 0.67% KOF 186.58 ▼ 0.36% GRUMA 261.48 ▲ 1.26% KIMBER 40.11 ▼ 0.22% SQM-B 62,126 ▼ 0.92% COPEC 6,303 ▼ 0.74% BSANTANDER 79.90 ▼ 1.35% FALABELLA 6,240 ▲ 0.39% ENELAM 87.77 ▼ 0.25% CENCOSUD 1,952 ▼ 0.15% CMPC 1,060 ▲ 0.47% BANCO CHILE 190.00 ▼ 1.92% LATAM AIR 25.26 ▲ 2.10% YPF 8,220 ▼ 0.84% GGAL 7,955 ▲ 0.93% PAMPA 5,510 ▼ 0.81% TXAR 656.00 ▼ 0.53% ALUAR 964.00 ▼ 1.38% TGS 9,975 ▼ 0.75% CEPU 2,378 ▼ 0.75% MIRGOR 16,150 ▼ 1.22% COME 43.50 ▼ 1.20% LOMA NEGRA 3,563 ▼ 1.59% BYMA 294.00 ▼ 0.51% TELECOM ARG 4,410 ▲ 0.06% ECOPETROL 16.65 ▼ 0.75% BANCOLOMBIA 91.18 ▼ 1.45% GRUPO AVAL 5.27 ▼ 0.19% CREDICORP 399.77 ▼ 0.20% SOUTHERN COPPER 184.97 ▲ 1.24% BUENAVENTURA 30.15 ▼ 0.43% MERCADOLIBRE 1,890 ▲ 0.65% NUBANK 14.40 ▲ 0.49% XP 17.06 ▲ 0.00% PAGSEGURO 9.68 ▲ 0.36% STONE 11.28 ▼ 0.84% GLOBANT 37.03 ▲ 1.17% TECNOGLASS 45.21 ▲ 4.07% GAP AIRPORT 215.87 ▼ 0.68% ASUR 277.17 ▲ 0.56% OMA AIRPORT 105.71 ▼ 1.12% AMX ADR 25.06 ▼ 1.14% FEMSA ADR 125.64 ▼ 1.84% CEMEX ADR 11.90 ▲ 0.68% PETROBRAS ADR 19.15 ▼ 1.29% VALE ADR 14.55 ▼ 3.42% ITAU ADR 8.46 — 0.00% SANTANDER BR 5.70 ▲ 0.53% AMBEV ADR 3.10 ▼ 0.32% CSN 0.90 ▼ 9.17% GERDAU 4.94 ▼ 0.40% LATAM ADR 54.54 ▲ 3.37% BTC 63,675 ▲ 0.30% ETH 1,862 ▼ 1.07% SOL 73.59 ▲ 0.19% XRP 1.08 ▼ 0.06% BNB 592.08 ▲ 0.77% ADA 0.19 ▲ 2.98% DOGE 0.07 ▼ 0.37% AVAX 6.51 ▼ 0.48% LINK 8.24 ▼ 1.49% DOT 0.82 ▲ 3.29% LTC 44.31 ▼ 0.73% BCH 211.05 ▼ 0.69% TRX 0.33 ▲ 0.74% XLM 0.17 ▼ 1.57% HBAR 0.07 ▲ 0.26% NEAR 1.74 ▲ 1.66% ATOM 1.34 ▲ 5.94% AAVE 93.68 ▲ 1.83% SELIC 14.25% EMBRAER 89.54 ▲ 3.05% EMBRAER ADR 70.44 ▲ 3.08% JBS 13.91 ▼ 0.82% JBS BDR 70.62 ▼ 0.11% MBRF3 17.62 ▲ 0.46% MBRFY 3.42 ▼ 0.58% INTER 5.56 ▼ 0.80%
since 2009
Monday, August 3, 2026

Brazil Life & Society

Brazil Expects Conflict Escalations in South America, Adapts Military Strategy

By · July 21, 2020 · 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.

RIO DE JANEIRO, BRAZIL – Brazil’s armed forces are preparing for armed conflicts in South America. According to the Ministry of Defense, the region is no longer conflict-free. This is the conclusion reached in the draft for the new National Defense Policy (PND) which the government is submitting to Congress this week.

The new military policy specifies that given regional tensions and crises, Brazil “may be prompted to contribute to the resolution of any disputes or to the military protection of its interests”.

Brazil's armed forces are preparing for armed conflicts in South America. According to the Ministry of Defense, the region is no longer conflict-free. This is the conclusion reached in the draft for the new National Defense Policy (PND) which the government is submitting to Congress this week.
Brazil’s armed forces are said to be preparing for armed conflicts in South America. (Photo internet reproduction)
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
This story and the bigger picture.
Open the full Ask Rio Times →

The Ministry of Defense has issued a special warning about escalations in neighboring countries. The focus is on the government of Nicolás Maduro, although no direct mention is made of Venezuela. The document urges that particular attention be paid to the Amazon region with its rich water and ore deposits, and the South Atlantic with its oil reserves. In these areas, espionage, organized crime, and foreign economic interests are threatening the country’s sovereignty. For the first time ever, the PND also cites climate change and pandemics as threats.

The new guidelines under President Jair Bolsonaro represent a paradigm shift from the defense policy guidelines of the preceding governments of Luiz Inácio Lula da Silva (2003-2011) and Dilma Rousseff (2011-2016), members of the left-wing Workers’ Party (PT). In fact, since taking office in January 2019, Bolsonaro has repeatedly engaged in confrontation with neighboring South American countries.

On the other hand, he strengthened the partnership with the US, which in August 2019 appointed Brazil as one of the “most important military partners” outside NATO, enabling the sale of sensitive military equipment. The unsuccessful PT presidential candidate in the 2018 elections, Fernando Haddad, refuted the claim that the region was no longer peaceful. “The military is here to support the US government. Tensions in the region have only been heightened by the election of Donald Trump.”

With the new focus, Minister of Defense General Fernando Azevedo has called for a massive increase in his budget. The current military expenditure “does not conform to the country’s structure,” Azevedo said in early July. In line with the expenditure of the NATO states, he demands that two percent of the country’s gross domestic product (GDP) be made available to the military. At present, the figure stands at 1.3 percent.

Of the approximately R$110 billion that Brazil spent on defense last year, R$80 billion was spent on salaries and pensions. Of this amount, R$47.7 billion was earmarked for pension payments to retired servicepeople. Salaries and pensions have long been a major part of the defense budget. In his first year in office, Bolsonaro increased the military budget by R$6.3 billion in order to pay more and higher salaries.

Haddad criticized the planned increase to two percent of GDP, calling it both anti-social and economically unsustainable. An increase of 0.7 percentage points would correspond to R$50 billion per year. “Why do the military need R$500 billion over the next ten years? This is over half of the pension fund that the Minister of Economy Paulo Guedes wants to save with his pension reform,” said the PT politician.

Brazil’s ex-president Luiz Inácio Lula da Silva criticized the new focus of defense policy, claiming it would violate a principle that has long ensured peace in South America. “It is alarming to see old rivalry theories with neighbors being rekindled, and our armed forces being used for actions that are incompatible with the constitutional principles of non-interference and self-determination of the respective populations,” Lula said on Friday, July 17th.

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

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.