IBOV 171,324.31 ▼ 0.43% IPC MEX 71,674.32 ▼ 0.46% MERVAL 2,848,945 — — USD/BRL5.64▲ 1.06% USD/MXN18.57▼ 0.16% USD/CLP994.00▲ 1.14% USD/COP3,302▼ 0.16% USD/PEN3.41▲ 0.06% USD/ARS1,545▲ 0.03% USD/UYU40.52▲ 3.32% USD/PYG6,185▲ 3.33% USD/BOB11.60▲ 0.86% USD/DOP60.47▲ 0.03% USD/CRC445.25▲ 1.62% USD/GTQ7.65▲ 3.31% USD/HNL26.90▲ 3.30% USD/NIO36.62▲ 2.73% USD/VES909.35▲ 0.67% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 2.15% USD/TTD6.71▲ 2.19% EUR/BRL6.24▲ 0.10% BRENT 95.13 ▼ 0.72% WTI 88.15 ▼ 0.66% IRON ORE 161.91 — — COPPER 6.24 ▲ 0.93% GOLD 3,916 ▲ 0.80% SILVER 50.67 ▲ 1.39% SOY 1,226 ▼ 0.12% CORN 445.75 ▲ 0.73% WHEAT 590.00 ▲ 0.98% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.43 ▼ 0.92% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 0.30 ▼ 98.60% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42% IBOV 171,324.31 ▼ 0.43% IPC MEX 71,674.32 ▼ 0.46% MERVAL 2,848,945 — — USD/BRL 5.64 ▲ 1.06% USD/MXN 18.57 ▼ 0.15% USD/CLP 994.00 ▲ 1.14% USD/COP 3,302 ▼ 0.16% USD/PEN 3.41 ▲ 0.06% USD/ARS 1,545 ▲ 0.03% USD/UYU 40.52 ▲ 3.32% USD/PYG 6,185 ▲ 3.33% USD/BOB 11.60 ▲ 0.86% USD/DOP 60.47 ▲ 0.03% USD/CRC 445.25 ▲ 1.62% USD/GTQ 7.65 ▲ 3.31% USD/HNL 26.90 ▲ 3.30% USD/NIO 36.62 ▲ 2.73% USD/VES 909.35 ▲ 0.67% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 1.00% USD/TTD 6.71 ▲ 1.04% EUR/BRL 6.24 ▲ 0.10% BRENT 95.13 ▼ 0.72% WTI 88.15 ▼ 0.66% IRON ORE 161.91 — — COPPER 6.24 ▲ 0.93% GOLD 3,916 ▲ 0.80% SILVER 50.67 ▲ 1.39% SOY 1,226 ▼ 0.12% CORN 445.75 ▲ 0.73% WHEAT 590.00 ▲ 0.98% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.43 ▼ 0.92% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 0.30 ▼ 98.60% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42%
since 2009
Friday, November 13, 2026

Bolsonaro’s Government Drives Investors Away and Spreads Hatred, Says Maia

By · · 3 min read

RIO DE JANEIRO, BRAZIL – A week away from the protests against the National Congress and the Federal Supreme Court (STF), the president of the Chamber of Deputies, Rodrigo Maia, raised the tone of criticism against President Jair Bolsonaro.

The president of the Brazilian Chamber of Deputies, Rodrigo Maia.
The president of the Brazilian Chamber of Deputies, Rodrigo Maia.
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

When taking part in a debate in São Paulo yesterday, Maia said that the government has a structure to “viralize hatred” through fake news and that Bolsonaro drives investors away by creating uncertainty over his commitments to democracy and the environment.

“We don’t have the same resources and structure as the government to viralize so much fake news as has been the case in recent weeks,” said the deputy during a lecture on the 2020 congressional agenda at the Fernando Henrique Cardoso Institute in downtown São Paulo.

Maia has been one of the main targets of messages against Congress on social media by government supporters. He has sought out other officials and entrepreneurs in an attempt to jointly address what he classifies as authoritarian escalation.

Maia started his speech by saying that Brazil is experiencing a “challenge to liberal democracies” and that technology has become an attack field on people. “None of this costs very much. A [social media] robot costs US$12 a month.” In December, Federal Deputy and former Bolsonaro supporter Joice Hasselmann told the Fake News Congressional Committee (CPMI) that one of the most active groups spreading false news and personal attacks is the so-called “hate cabinet,” made up of special advisors to the Presidency. Legislators who follow the CPMI’s work estimate that such a structure would cost R$1.5 million a month.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Colombia's president announces a new cartel airstrike”

Economy

Two days after the announcement of last year’s Gross Domestic Product (GDP) result, which frustrated economists’ predictions, Maia said the government’s omission could lead to “stagnating reforms”. “The government promised a lot but failed to deliver. It had a growth projection of 2.5 percent and it grew 1.1 percent”. He also criticized the Executive’s delay in submitting proposals for tax and administrative reforms.

Rodrigo Maia said that investors from other countries told him that they stopped investing in Brazil because of President Jair Bolsonaro.
Rodrigo Maia said that investors from other countries told him that they stopped investing in Brazil because of President Jair Bolsonaro.

According to him, the welfare reform “was abandoned by the government team”. “It was Congress that set and discussed the agenda,” he said. In Maia’s view, “Parliament needs not only reform the state but also reform the sectors” as a means to attract foreign capital.

While commenting on the economy, Maia recalled a recent meeting with European entrepreneurs. He said that investors from other countries told him that they stopped investing in Brazil because of President Bolsonaro. “The government creates great insecurity for society and investors. People are not investing anymore because of the environment and the democratic issue”.

Sitting next to Maia at the lecture, former President Fernando Henrique Cardoso also criticized the government. “When the President does not exercise power, other forces will. When the leadership doesn’t play the role of aggregation, things don’t progress,” he said, noting that Bolsonaro’s leadership lacks direction. At the end of his comments, FHC praised Maia. “Thank God we have leaders in Congress. The main one is here beside me”.

Despite this, Maia said that Congress does not want to have “an inch of what is the responsibility of the Executive”. “Conflicts are created where they don’t exist in a country with 11 million unemployed. We cannot discuss something created to spread hatred, which is this issue of white [disguised] parliamentarianism”, he said.

Imbalance

The term “white parliamentarianism” was used by the Cabinet Minister of Institutional Security (GSI), Augusto Heleno, caught on a social media broadcast on February 18th saying that the government “cannot accept these guys blackmailing us all the time” when referring to Congress.

The disclosure of the Minister’s statements was used by Bolsonarist groups to call for action against legislators. In his speech yesterday, Maia said that Heleno became the ” Minister of imbalance”. “They turn untrue issues into truths on social media to create an enemy against the government.”

Source: Exame

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.