IBOV 168,415.66 ▲ 0.55% IPSA 10,982.72 ▼ 1.31% IPC MEX 65,755.97 ▲ 0.29% MERVAL 3,009,935 ▲ 0.35% COLCAP 2,429.13 ▼ 0.05% BVL PERÚ 58,814.75 ▲ 0.09% USD/BRL5.19▲ 0.22% USD/MXN17.05▼ 0.04% USD/CLP913.40▼ 0.16% USD/COP3,131▼ 0.13% USD/PEN3.36▲ 0.04% USD/ARS1,492▼ 0.07% USD/UYU40.34▲ 1.54% USD/PYG5,935▲ 1.63% USD/BOB11.58▼ 1.01% USD/DOP58.40▲ 0.52% USD/CRC446.85▲ 1.29% USD/GTQ7.62▲ 2.28% USD/HNL26.79▲ 0.47% USD/NIO36.62▲ 0.75% USD/VES764.94▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.70▲ 0.84% EUR/BRL5.99▲ 0.33% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% BRKM5 5.64 — 0.00% RANI3 7.96 ▲ 0.76% CSNA3 4.30 ▲ 0.47% CMIN3 5.60 ▲ 0.54% USIM5 6.56 ▼ 0.91% GGBR4 24.69 ▲ 2.19% ENEV3 24.21 ▼ 1.38% CPFE3 43.24 ▼ 0.94% CMIG4 10.37 ▼ 0.29% EQTL3 35.56 ▼ 0.70% LREN3 11.87 ▼ 1.33% VIVT3 29.97 ▼ 0.56% RAIL3 13.00 ▲ 0.31% KLABIN 17.69 ▲ 0.80% RAIA DROGASIL 18.00 ▼ 1.53% RDOR3 32.41 ▼ 2.29% HAPV3 9.60 ▼ 1.94% FLRY3 18.24 ▲ 0.28% SMTO3 14.76 ▼ 1.67% UGPA3 30.87 ▼ 0.39% VBBR3 33.54 ▲ 0.93% BBSE3 37.39 ▲ 0.35% BPAC11 50.28 ▲ 0.30% CURY3 31.15 ▼ 1.11% AERI3 2.17 ▼ 3.98% VIVARA 21.12 ▲ 1.10% COMPASS 21.95 ▲ 1.01% VAMOS 2.85 ▲ 1.79% SANB11 29.49 ▼ 0.10% ASAI3 8.04 ▼ 0.50% SBSP3 26.21 ▲ 0.85% WALMEX 48.07 ▼ 0.62% GMEXICO 223.28 ▲ 0.35% FEMSA 201.19 ▼ 0.24% CEMEX 19.32 ▲ 0.89% GFNORTE 193.98 ▲ 1.18% BIMBO 60.98 ▼ 0.96% TELEVISA 9.71 ▲ 0.21% AMX 19.80 ▼ 0.95% GAP 366.23 ▲ 0.43% ASUR 275.04 ▲ 1.25% OMA 233.50 ▲ 0.62% KOF 188.04 ▲ 0.86% GRUMA 252.90 ▲ 0.11% KIMBER 39.74 ▲ 0.43% SQM-B 65,305 ▼ 0.84% COPEC 5,964 ▼ 1.09% BSANTANDER 78.37 ▼ 2.28% FALABELLA 6,334 ▼ 1.48% ENELAM 87.09 ▲ 0.10% CENCOSUD 1,946 ▼ 2.19% CMPC 1,020 ▼ 1.96% BANCO CHILE 184.96 ▼ 1.01% LATAM AIR 24.08 ▼ 1.11% YPF 7,810 ▲ 0.26% GGAL 6,980 ▼ 0.78% PAMPA 5,115 ▲ 0.69% TXAR 747.50 ▼ 2.35% ALUAR 938.00 ▼ 1.21% TGS 8,870 ▼ 0.17% CEPU 2,156 ▲ 1.84% MIRGOR 1,650 ▼ 1.20% COME 40.93 ▼ 0.73% LOMA NEGRA 3,130 ▲ 0.08% BYMA 275.00 ▼ 1.70% TELECOM ARG 4,233 ▼ 0.70% ECOPETROL 16.92 ▼ 0.53% BANCOLOMBIA 95.87 ▼ 2.18% GRUPO AVAL 5.40 ▲ 2.66% CREDICORP 375.17 ▼ 0.49% SOUTHERN COPPER 193.97 ▼ 0.26% BUENAVENTURA 34.45 ▼ 1.02% MERCADOLIBRE 1,870 ▼ 3.59% NUBANK 13.53 ▼ 0.92% XP 15.55 ▲ 0.26% PAGSEGURO 8.71 ▼ 2.08% STONE 9.95 ▼ 0.07% GLOBANT 38.10 ▼ 2.26% TECNOGLASS 42.30 ▼ 1.10% GAP AIRPORT 214.74 ▲ 0.54% ASUR 275.04 ▲ 1.25% OMA AIRPORT 109.26 ▲ 0.79% AMX ADR 23.38 ▼ 0.23% FEMSA ADR 117.91 ▼ 0.27% CEMEX ADR 11.29 ▲ 0.85% PETROBRAS ADR 17.92 ▼ 0.08% VALE ADR 14.49 ▲ 1.19% ITAU ADR 7.46 ▼ 0.53% SANTANDER BR 5.76 ▲ 0.09% AMBEV ADR 2.85 ▲ 0.18% CSN 0.86 ▼ 0.51% GERDAU 4.82 ▲ 2.67% LATAM ADR 52.62 ▼ 0.74% BTC 63,384 ▼ 0.26% ETH 1,886 ▲ 0.26% SOL 75.89 ▼ 0.40% XRP 1.01 ▼ 1.15% BNB 609.60 ▼ 1.12% ADA 0.18 ▼ 1.98% DOGE 0.07 ▼ 1.56% AVAX 6.38 ▲ 1.04% LINK 8.77 ▼ 0.06% DOT 0.78 ▼ 0.75% LTC 45.08 ▼ 0.85% BCH 213.85 ▲ 0.10% TRX 0.34 ▲ 0.28% XLM 0.16 ▼ 1.33% HBAR 0.07 ▼ 0.53% NEAR 1.65 ▲ 2.42% ATOM 1.40 ▼ 2.36% AAVE 89.06 ▲ 0.93% SELIC 14.00% EMBRAER 96.21 ▲ 4.03% EMBRAER ADR 74.72 ▲ 4.66% JBS 13.28 ▲ 1.96% JBS BDR 68.31 ▲ 1.91% MBRF3 16.79 ▲ 3.90% MBRFY 3.21 ▲ 8.08% INTER 5.10 ▼ 1.95% EGX 55,040 ▲ 0.38% USD/ZAR16.18▲ 0.17% USD/NGN1,358▼ 0.31% NIKKEI 67,524 ▲ 0.83% CSI300 4,691 ▲ 0.58% HSI 25,440 ▼ 0.83% NIFTY 24,436 ▼ 0.15% KOSPI 6,579 ▲ 3.68% JCI 6,374 ▲ 1.69% USD/JPY159.29▼ 0.08% USD/CNY6.73▼ 0.19% DAX 26,331 ▼ 0.23% CAC 8,675 ▼ 0.46% FTSE 10,833 ▼ 0.10% MIB 53,699 ▼ 0.01% IBEX 20,204 ▼ 0.05% STOXX 659.48 ▼ 0.16% EUR/USD1.15▲ 0.14% GBP/USD1.35▼ 0.05% SPX 7,751 ▲ 0.29% DJI 53,810 ▲ 0.03% NDX 29,799 ▲ 0.93% RUT 3,041 ▲ 0.46% TSX 36,619 ▲ 0.39% VIX 14.60 ▼ 4.45% USD/CAD1.39▼ 0.03% US10Y 4.6760 ▼ 0.17% IBOV 168,415.66 ▲ 0.55% IPSA 10,982.72 ▼ 1.31% IPC MEX 65,755.97 ▲ 0.29% MERVAL 3,009,935 ▲ 0.35% COLCAP 2,429.13 ▼ 0.05% BVL PERÚ 58,814.75 ▲ 0.09% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% BRKM5 5.64 — 0.00% RANI3 7.96 ▲ 0.76% CSNA3 4.30 ▲ 0.47% CMIN3 5.60 ▲ 0.54% USIM5 6.56 ▼ 0.91% GGBR4 24.69 ▲ 2.19% ENEV3 24.21 ▼ 1.38% CPFE3 43.24 ▼ 0.94% CMIG4 10.37 ▼ 0.29% EQTL3 35.56 ▼ 0.70% LREN3 11.87 ▼ 1.33% VIVT3 29.97 ▼ 0.56% RAIL3 13.00 ▲ 0.31% KLABIN 17.69 ▲ 0.80% RAIA DROGASIL 18.00 ▼ 1.53% RDOR3 32.41 ▼ 2.29% HAPV3 9.60 ▼ 1.94% FLRY3 18.24 ▲ 0.28% SMTO3 14.76 ▼ 1.67% UGPA3 30.87 ▼ 0.39% VBBR3 33.54 ▲ 0.93% BBSE3 37.39 ▲ 0.35% BPAC11 50.28 ▲ 0.30% CURY3 31.15 ▼ 1.11% AERI3 2.17 ▼ 3.98% VIVARA 21.12 ▲ 1.10% COMPASS 21.95 ▲ 1.01% VAMOS 2.85 ▲ 1.79% SANB11 29.49 ▼ 0.10% ASAI3 8.04 ▼ 0.50% SBSP3 26.21 ▲ 0.85% WALMEX 48.07 ▼ 0.62% GMEXICO 223.28 ▲ 0.35% FEMSA 201.19 ▼ 0.24% CEMEX 19.32 ▲ 0.89% GFNORTE 193.98 ▲ 1.18% BIMBO 60.98 ▼ 0.96% TELEVISA 9.71 ▲ 0.21% AMX 19.80 ▼ 0.95% GAP 366.23 ▲ 0.43% ASUR 275.04 ▲ 1.25% OMA 233.50 ▲ 0.62% KOF 188.04 ▲ 0.86% GRUMA 252.90 ▲ 0.11% KIMBER 39.74 ▲ 0.43% SQM-B 65,305 ▼ 0.84% COPEC 5,964 ▼ 1.09% BSANTANDER 78.37 ▼ 2.28% FALABELLA 6,334 ▼ 1.48% ENELAM 87.09 ▲ 0.10% CENCOSUD 1,946 ▼ 2.19% CMPC 1,020 ▼ 1.96% BANCO CHILE 184.96 ▼ 1.01% LATAM AIR 24.08 ▼ 1.11% YPF 7,810 ▲ 0.26% GGAL 6,980 ▼ 0.78% PAMPA 5,115 ▲ 0.69% TXAR 747.50 ▼ 2.35% ALUAR 938.00 ▼ 1.21% TGS 8,870 ▼ 0.17% CEPU 2,156 ▲ 1.84% MIRGOR 1,650 ▼ 1.20% COME 40.93 ▼ 0.73% LOMA NEGRA 3,130 ▲ 0.08% BYMA 275.00 ▼ 1.70% TELECOM ARG 4,233 ▼ 0.70% ECOPETROL 16.92 ▼ 0.53% BANCOLOMBIA 95.87 ▼ 2.18% GRUPO AVAL 5.40 ▲ 2.66% CREDICORP 375.17 ▼ 0.49% SOUTHERN COPPER 193.97 ▼ 0.26% BUENAVENTURA 34.45 ▼ 1.02% MERCADOLIBRE 1,870 ▼ 3.59% NUBANK 13.53 ▼ 0.92% XP 15.55 ▲ 0.26% PAGSEGURO 8.71 ▼ 2.08% STONE 9.95 ▼ 0.07% GLOBANT 38.10 ▼ 2.26% TECNOGLASS 42.30 ▼ 1.10% GAP AIRPORT 214.74 ▲ 0.54% ASUR 275.04 ▲ 1.25% OMA AIRPORT 109.26 ▲ 0.79% AMX ADR 23.38 ▼ 0.23% FEMSA ADR 117.91 ▼ 0.27% CEMEX ADR 11.29 ▲ 0.85% PETROBRAS ADR 17.92 ▼ 0.08% VALE ADR 14.49 ▲ 1.19% ITAU ADR 7.46 ▼ 0.53% SANTANDER BR 5.76 ▲ 0.09% AMBEV ADR 2.85 ▲ 0.18% CSN 0.86 ▼ 0.51% GERDAU 4.82 ▲ 2.67% LATAM ADR 52.62 ▼ 0.74% BTC 63,384 ▼ 0.26% ETH 1,886 ▲ 0.26% SOL 75.89 ▼ 0.40% XRP 1.01 ▼ 1.15% BNB 609.60 ▼ 1.12% ADA 0.18 ▼ 1.98% DOGE 0.07 ▼ 1.56% AVAX 6.38 ▲ 1.04% LINK 8.77 ▼ 0.06% DOT 0.78 ▼ 0.75% LTC 45.08 ▼ 0.85% BCH 213.85 ▲ 0.10% TRX 0.34 ▲ 0.28% XLM 0.16 ▼ 1.33% HBAR 0.07 ▼ 0.53% NEAR 1.65 ▲ 2.42% ATOM 1.40 ▼ 2.36% AAVE 89.06 ▲ 0.93% SELIC 14.00% EMBRAER 96.21 ▲ 4.03% EMBRAER ADR 74.72 ▲ 4.66% JBS 13.28 ▲ 1.96% JBS BDR 68.31 ▲ 1.91% MBRF3 16.79 ▲ 3.90% MBRFY 3.21 ▲ 8.08% INTER 5.10 ▼ 1.95% EGX 55,040 ▲ 0.38% USD/ZAR 16.16 ▼ 0.28% USD/NGN 1,359 ▼ 0.08% NIKKEI 67,524 ▲ 0.83% CSI300 4,691 ▲ 0.58% HSI 25,440 ▼ 0.83% NIFTY 24,436 ▼ 0.15% KOSPI 6,579 ▲ 3.68% JCI 6,374 ▲ 1.69% USD/JPY 159.54 ▲ 0.17% USD/CNY 6.7330 ▼ 0.05% DAX 26,331 ▼ 0.23% CAC 8,675 ▼ 0.46% FTSE 10,833 ▼ 0.10% MIB 53,699 ▼ 0.01% IBEX 20,204 ▼ 0.05% STOXX 659.48 ▼ 0.16% EUR/USD 1.1523 ▼ 0.20% GBP/USD 1.3491 ▼ 0.10% SPX 7,751 ▲ 0.29% DJI 53,810 ▲ 0.03% NDX 29,799 ▲ 0.93% RUT 3,041 ▲ 0.46% TSX 36,619 ▲ 0.39% VIX 14.60 ▼ 4.45% USD/CAD 1.3945 ▲ 0.15% US10Y 4.6760 ▼ 0.17%
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Brazil Latin America

Brazilian government concerned about crisis in Paraguay; fears removal of its president

By · March 9, 2021 · 3 min read

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RIO DE JANEIRO, BRAZIL – The outbreak of a new institutional crisis in Paraguay worries the Jair Bolsonaro government, which fears the removal of an ally – President Mario Abdo Benítez – and the resulting destabilization of the region during a pandemic.

Jair Bolsonaro and Abdo Benítez. Among friends. (Photo internet reproduction)
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Paraguay is experiencing protests that have taken to the streets, mainly in Asunción, against the government’s conduct of the coronavirus pandemic.

Members of the Authentic Radical Liberal Party (PLRA) have decided to file a demand for political judgment against the current president, which could end in his impeachment.

Itamaraty [Brazil’s Foreign Office] started receiving information from the embassy in Asunción after the protests started on Friday, March 5th.

The assessment of Bolsonaro’s interlocutors consulted by Folha newspaper is that, so far, Abdo Benítez has managed to stay in office thanks to the personnel exchanges carried out in his office.

The main sign of the president’s survival has been the failure of the Colorado majority party, controlled by former president Horacio Cartes, to declare support for impeachment.

Members of the Brazilian government, however, remain concerned and stress that in Paraguay, an impeachment process could take place in record time. The dismissal of ex-president Fernando Lugo, for example, was completed in just two days.

Bolsonaro is an ally of Abdo Benítez, has no interest in seeing him removed from his post and has already helped him when, two years ago, he was threatened with losing his presidential seat.

In 2019, the Bolsonaro government did not oppose Paraguay’s decision to cancel a bilateral agreement that increased the cost to the neighboring country for the acquisition of power from Itaipu.

At the time, the impeachment proceedings against Abdo Benítez lost momentum after the agreement was canceled.

Concerns over the current crisis in Paraguay, according to members of the Bolsonaro government, go beyond ideological proximity to the president: there are fears that a change of power could be a destabilizing factor in the region amid the pandemic of Covid-19.

The problem is that the motivation for the current protests – the management of the health crisis – leaves Brazil with little room to help the neighboring country.

Although the Paraguayan government has imposed a stringent set of social isolation measures, maintaining a low number of infections and deaths, vaccination in the country has barely started.

So far not 0.1% of the population has been vaccinated. In Brazil, where the government is criticized for the delay in its vaccination campaign, the rate is around 4%. Paraguayan authorities even asked Brazil to send a batch of vaccines, but the response was negative.

The Brazilians argued that they faced a serious shortage of vaccines, that Bolsonaro had been criticized for delays in the vaccination campaign and that allowing the export of these products was a politically sensitive issue.

With the crisis in Paraguay, the expectation of members of the Bolsonaro government heard by Folha is that the neighboring country will make new requests for aid.

Paraguayan Chancellor Euclides Acevedo Candia is due to visit Brasilia next week and faces new demands for cooperation.

According to Itamaraty, since the start of the pandemic, Brazil has donated to Paraguay 50 mechanical lung ventilators, 50,000 test kits and 20 campaign tents for the assembly of structures for the treatment of people suspected of Covid -19.

For the moment, the Ministry of Health is analyzing a new order from the neighboring country, for the delivery of more than 35,000 test kits. “In addition to responding to requests for donations, the Brazilian government has shared with the Paraguayan government the Ministry of Health protocols to fight Covid-19,” Itamaraty said, in a note.

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For the complete picture, read our in-depth guide: Paraguay: Washington's Most Valued Ally in Latin America

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