IBOV 176,556 ▼ 0.74% IPSA 10,929 ▼ 1.15% IPC MEX 66,352 ▼ 0.22% MERVAL 3,263,609 ▼ 0.51% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,917.82 ▲ 0.11% USD/BRL5.12▲ 0.32% USD/MXN17.49▲ 0.14% USD/CLP929.09▲ 0.46% USD/COP3,237▼ 0.27% USD/PEN3.41▲ 0.41% USD/ARS1,486▼ 0.10% USD/UYU 40.22 — 0.00% USD/PYG6,045▼ 0.17% USD/BOB10.35▲ 2.07% USD/DOP58.37▼ 0.19% USD/CRC448.53▼ 0.06% USD/GTQ7.62▼ 0.10% USD/HNL26.73▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▼ 0.25% USD/TTD6.74▼ 0.12% EUR/BRL5.84▲ 0.38% BRENT 79.37 ▲ 4.42% WTI 74.63 ▲ 4.51% IRON ORE 161.91 — — COPPER 6.32 ▲ 1.45% GOLD 4,022 ▼ 1.99% SILVER 58.44 ▼ 2.29% SOY 1,198 ▲ 0.15% CORN 467.00 ▲ 6.62% WHEAT 637.50 ▲ 0.87% COFFEE 327.10 ▼ 4.64% SUGAR 14.64 ▼ 1.61% ORANGE JUICE 142.30 ▼ 3.75% COTTON 81.49 ▲ 1.96% COCOA 5,795 ▼ 2.09% BEEF 236.23 ▲ 0.44% CATTLE 358.15 ▲ 1.00% LITHIUM 70.59 ▼ 2.39% PETR4 40.59 ▲ 2.37% VALE3 73.21 ▼ 1.31% ITUB4 43.76 ▼ 1.22% BBDC4 18.82 ▼ 0.21% ABEV3 15.86 ▲ 0.25% BBAS3 20.32 ▼ 1.26% B3SA3 15.14 ▼ 1.82% WEGE3 44.88 ▼ 3.50% PRIO3 56.16 ▲ 1.28% SUZB3 41.77 ▲ 0.53% RENT3 40.73 ▼ 0.90% AZZA3 18.98 ▼ 0.63% CSAN3 3.98 ▼ 2.21% RAIZ4 0.35 — 0.00% PCAR3 2.64 ▼ 3.30% GMAT3 3.99 ▲ 0.50% PSSA3 54.21 ▼ 1.38% CVCB3 1.25 — 0.00% POSI3 3.92 ▼ 1.26% SLCE3 14.05 ▲ 0.21% NATU3 8.67 ▼ 0.12% BRKM5 6.69 ▲ 0.91% RANI3 8.00 ▼ 0.12% CSNA3 5.29 ▲ 2.12% CMIN3 5.46 ▲ 4.40% USIM5 8.44 ▼ 0.12% GGBR4 23.04 ▲ 0.13% ENEV3 27.15 ▼ 1.45% CPFE3 47.14 ▼ 1.53% CMIG4 11.12 ▼ 2.28% EQTL3 40.21 ▼ 1.71% LREN3 14.43 ▼ 1.30% VIVT3 35.36 ▼ 1.09% RAIL3 14.14 ▼ 1.53% KLABIN 17.60 ▲ 0.34% RAIA DROGASIL 18.43 ▼ 1.81% RDOR3 35.67 ▼ 0.97% HAPV3 10.57 ▼ 0.28% FLRY3 16.30 ▼ 0.73% SMTO3 16.67 ▲ 1.83% UGPA3 30.94 ▲ 0.75% VBBR3 33.19 ▲ 0.58% BBSE3 40.11 ▼ 0.59% BPAC11 58.09 ▼ 1.09% CURY3 33.72 ▼ 1.43% AERI3 2.05 ▼ 1.91% VIVARA 23.29 ▼ 1.02% COMPASS 25.25 ▼ 0.98% VAMOS 3.05 ▼ 0.33% SANB11 27.22 ▼ 1.45% ASAI3 8.80 ▼ 0.79% SBSP3 30.55 ▼ 1.80% WALMEX 49.90 ▲ 1.18% GMEXICO 196.93 ▼ 1.15% FEMSA 225.96 ▲ 1.19% CEMEX 21.73 ▼ 0.59% GFNORTE 185.19 ▼ 0.75% BIMBO 56.37 ▲ 0.48% TELEVISA 9.60 ▼ 1.34% AMX 23.06 ▲ 1.59% GAP 408.39 ▼ 0.99% ASUR 279.28 ▼ 2.05% OMA 232.73 ▼ 1.59% KOF 180.70 ▲ 0.31% GRUMA 283.02 ▼ 0.19% KIMBER 38.23 ▲ 0.42% SQM-B 67,600 ▼ 0.22% COPEC 6,072 ▼ 1.10% BSANTANDER 77.87 ▼ 1.43% FALABELLA 5,955 ▲ 0.85% ENELAM 84.42 ▼ 1.15% CENCOSUD 2,040 ▼ 0.25% CMPC 1,100 ▼ 0.84% BANCO CHILE 185.79 ▼ 1.64% LATAM AIR 25.50 ▼ 2.89% YPF 77,025 ▲ 3.53% GGAL 8,150 ▼ 2.22% PAMPA 5,275 ▲ 1.83% TXAR 665.00 ▼ 0.89% ALUAR 980.50 ▲ 0.51% TGS 9,715 ▲ 1.25% CEPU 2,358 ▼ 1.59% MIRGOR 17,000 ▼ 1.45% COME 45.35 ▼ 1.22% LOMA NEGRA 3,510 ▼ 2.02% BYMA 310.25 ▼ 1.19% TELECOM ARG 4,215 ▼ 0.71% ECOPETROL 15.71 ▲ 0.83% BANCOLOMBIA 81.56 ▼ 1.68% GRUPO AVAL 5.02 ▼ 1.08% CREDICORP 392.75 ▼ 2.01% SOUTHERN COPPER 177.85 ▲ 1.15% BUENAVENTURA 29.87 ▼ 0.45% MERCADOLIBRE 1,876 ▲ 1.28% NUBANK 13.75 ▼ 0.04% XP 16.51 ▼ 2.45% PAGSEGURO 9.39 ▲ 1.46% STONE 11.23 ▲ 0.18% GLOBANT 32.06 ▲ 6.99% TECNOGLASS 42.62 ▼ 2.92% GAP AIRPORT 233.90 ▼ 0.74% ASUR 279.28 ▼ 2.05% OMA AIRPORT 106.43 ▼ 1.49% AMX ADR 26.36 ▲ 1.35% FEMSA ADR 129.35 ▲ 1.32% CEMEX ADR 12.48 ▼ 0.04% PETROBRAS ADR 17.70 ▲ 2.19% VALE ADR 14.28 ▼ 1.28% ITAU ADR 8.53 ▼ 1.10% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.08 ▲ 0.16% CSN 1.04 ▲ 2.48% GERDAU 4.51 ▲ 0.11% LATAM ADR 54.84 ▼ 2.86% BTC 62,578 ▼ 1.85% ETH 1,777 ▼ 1.61% SOL 75.76 ▼ 1.45% XRP 1.07 ▼ 1.14% BNB 568.20 ▼ 1.00% ADA 0.16 ▼ 1.89% DOGE 0.07 ▼ 0.87% AVAX 6.57 ▲ 2.62% LINK 7.95 ▼ 0.58% DOT 0.84 ▼ 0.97% LTC 43.47 ▼ 1.14% BCH 237.88 ▼ 0.87% TRX 0.33 ▼ 1.59% XLM 0.18 ▼ 1.64% HBAR 0.07 ▼ 1.17% NEAR 1.94 ▲ 2.61% ATOM 1.55 ▼ 1.16% AAVE 95.28 ▼ 1.84% SELIC 14.25% EMBRAER 82.91 ▼ 2.00% EMBRAER ADR 64.74 ▼ 1.92% JBS 11.83 ▼ 0.67% JBS BDR 60.55 ▼ 0.38% MBRF3 15.84 ▲ 1.87% MBRFY 2.98 ▼ 1.32% INTER 5.68 ▼ 2.49% EGX 52,608 ▲ 0.67% USD/ZAR16.40▲ 0.46% USD/NGN1,378▼ 0.05% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY162.33▲ 0.38% USD/CNY6.77▼ 0.13% DAX 25,106 ▲ 0.16% CAC 8,351 ▲ 0.15% FTSE 10,498 — 0.00% MIB 52,738 ▲ 0.24% IBEX 19,343 ▼ 0.21% STOXX 640.73 ▼ 0.06% EUR/USD1.14▲ 0.03% GBP/USD1.34▼ 0.07% SPX 7,549 ▼ 0.35% DJI 52,551 ▼ 0.16% NDX 29,502 ▼ 1.08% RUT 2,964 ▼ 0.47% TSX 35,239 ▼ 0.19% VIX 16.24 ▲ 8.05% USD/CAD1.41▼ 0.15% US10Y 4.6000 ▲ 0.68% IBOV 176,556 ▼ 0.74% IPSA 10,929 ▼ 1.15% IPC MEX 66,352 ▼ 0.22% MERVAL 3,263,609 ▼ 0.51% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,917.82 ▲ 0.11% USD/BRL 5.12 ▲ 0.32% USD/MXN 17.49 ▲ 0.14% USD/CLP 929.09 ▲ 0.46% USD/COP 3,237 ▼ 0.27% USD/PEN 3.40 ▲ 0.34% USD/ARS 1,486 ▼ 0.10% USD/UYU 40.22 — 0.00% USD/PYG 6,045 ▼ 0.17% USD/BOB 10.35 ▲ 2.07% USD/DOP 58.37 ▼ 0.19% USD/CRC 448.53 ▼ 0.06% USD/GTQ 7.62 ▼ 0.10% USD/HNL 26.73 ▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES 719.54 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.15% USD/TTD 6.74 ▲ 1.31% EUR/BRL 5.84 ▲ 0.38% BRENT 79.37 ▲ 4.42% WTI 74.63 ▲ 4.51% IRON ORE 161.91 — — COPPER 6.32 ▲ 1.45% GOLD 4,022 ▼ 1.99% SILVER 58.44 ▼ 2.29% SOY 1,198 ▲ 0.15% CORN 467.00 ▲ 6.62% WHEAT 637.50 ▲ 0.87% COFFEE 327.10 ▼ 4.64% SUGAR 14.64 ▼ 1.61% ORANGE JUICE 142.30 ▼ 3.75% COTTON 81.49 ▲ 1.96% COCOA 5,795 ▼ 2.09% BEEF 236.23 ▲ 0.44% CATTLE 358.15 ▲ 1.00% LITHIUM 70.59 ▼ 2.39% PETR4 40.59 ▲ 2.37% VALE3 73.21 ▼ 1.31% ITUB4 43.76 ▼ 1.22% BBDC4 18.82 ▼ 0.21% ABEV3 15.86 ▲ 0.25% BBAS3 20.32 ▼ 1.26% B3SA3 15.14 ▼ 1.82% WEGE3 44.88 ▼ 3.50% PRIO3 56.16 ▲ 1.28% SUZB3 41.77 ▲ 0.53% RENT3 40.73 ▼ 0.90% AZZA3 18.98 ▼ 0.63% CSAN3 3.98 ▼ 2.21% RAIZ4 0.35 — 0.00% PCAR3 2.64 ▼ 3.30% GMAT3 3.99 ▲ 0.50% PSSA3 54.21 ▼ 1.38% CVCB3 1.25 — 0.00% POSI3 3.92 ▼ 1.26% SLCE3 14.05 ▲ 0.21% NATU3 8.67 ▼ 0.12% BRKM5 6.69 ▲ 0.91% RANI3 8.00 ▼ 0.12% CSNA3 5.29 ▲ 2.12% CMIN3 5.46 ▲ 4.40% USIM5 8.44 ▼ 0.12% GGBR4 23.04 ▲ 0.13% ENEV3 27.15 ▼ 1.45% CPFE3 47.14 ▼ 1.53% CMIG4 11.12 ▼ 2.28% EQTL3 40.21 ▼ 1.71% LREN3 14.43 ▼ 1.30% VIVT3 35.36 ▼ 1.09% RAIL3 14.14 ▼ 1.53% KLABIN 17.60 ▲ 0.34% RAIA DROGASIL 18.43 ▼ 1.81% RDOR3 35.67 ▼ 0.97% HAPV3 10.57 ▼ 0.28% FLRY3 16.30 ▼ 0.73% SMTO3 16.67 ▲ 1.83% UGPA3 30.94 ▲ 0.75% VBBR3 33.19 ▲ 0.58% BBSE3 40.11 ▼ 0.59% BPAC11 58.09 ▼ 1.09% CURY3 33.72 ▼ 1.43% AERI3 2.05 ▼ 1.91% VIVARA 23.29 ▼ 1.02% COMPASS 25.25 ▼ 0.98% VAMOS 3.05 ▼ 0.33% SANB11 27.22 ▼ 1.45% ASAI3 8.80 ▼ 0.79% SBSP3 30.55 ▼ 1.80% WALMEX 49.90 ▲ 1.18% GMEXICO 196.93 ▼ 1.15% FEMSA 225.96 ▲ 1.19% CEMEX 21.73 ▼ 0.59% GFNORTE 185.19 ▼ 0.75% BIMBO 56.37 ▲ 0.48% TELEVISA 9.60 ▼ 1.34% AMX 23.06 ▲ 1.59% GAP 408.39 ▼ 0.99% ASUR 279.28 ▼ 2.05% OMA 232.73 ▼ 1.59% KOF 180.70 ▲ 0.31% GRUMA 283.02 ▼ 0.19% KIMBER 38.23 ▲ 0.42% SQM-B 67,600 ▼ 0.22% COPEC 6,072 ▼ 1.10% BSANTANDER 77.87 ▼ 1.43% FALABELLA 5,955 ▲ 0.85% ENELAM 84.42 ▼ 1.15% CENCOSUD 2,040 ▼ 0.25% CMPC 1,100 ▼ 0.84% BANCO CHILE 185.79 ▼ 1.64% LATAM AIR 25.50 ▼ 2.89% YPF 77,025 ▲ 3.53% GGAL 8,150 ▼ 2.22% PAMPA 5,275 ▲ 1.83% TXAR 665.00 ▼ 0.89% ALUAR 980.50 ▲ 0.51% TGS 9,715 ▲ 1.25% CEPU 2,358 ▼ 1.59% MIRGOR 17,000 ▼ 1.45% COME 45.35 ▼ 1.22% LOMA NEGRA 3,510 ▼ 2.02% BYMA 310.25 ▼ 1.19% TELECOM ARG 4,215 ▼ 0.71% ECOPETROL 15.71 ▲ 0.83% BANCOLOMBIA 81.56 ▼ 1.68% GRUPO AVAL 5.02 ▼ 1.08% CREDICORP 392.75 ▼ 2.01% SOUTHERN COPPER 177.85 ▲ 1.15% BUENAVENTURA 29.87 ▼ 0.45% MERCADOLIBRE 1,876 ▲ 1.28% NUBANK 13.75 ▼ 0.04% XP 16.51 ▼ 2.45% PAGSEGURO 9.39 ▲ 1.46% STONE 11.23 ▲ 0.18% GLOBANT 32.06 ▲ 6.99% TECNOGLASS 42.62 ▼ 2.92% GAP AIRPORT 233.90 ▼ 0.74% ASUR 279.28 ▼ 2.05% OMA AIRPORT 106.43 ▼ 1.49% AMX ADR 26.36 ▲ 1.35% FEMSA ADR 129.35 ▲ 1.32% CEMEX ADR 12.48 ▼ 0.04% PETROBRAS ADR 17.70 ▲ 2.19% VALE ADR 14.28 ▼ 1.28% ITAU ADR 8.53 ▼ 1.10% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.08 ▲ 0.16% CSN 1.04 ▲ 2.48% GERDAU 4.51 ▲ 0.11% LATAM ADR 54.84 ▼ 2.86% BTC 62,578 ▼ 1.85% ETH 1,777 ▼ 1.61% SOL 75.76 ▼ 1.45% XRP 1.07 ▼ 1.14% BNB 568.20 ▼ 1.00% ADA 0.16 ▼ 1.89% DOGE 0.07 ▼ 0.87% AVAX 6.57 ▲ 2.62% LINK 7.95 ▼ 0.58% DOT 0.84 ▼ 0.97% LTC 43.47 ▼ 1.14% BCH 237.88 ▼ 0.87% TRX 0.33 ▼ 1.59% XLM 0.18 ▼ 1.64% HBAR 0.07 ▼ 1.17% NEAR 1.94 ▲ 2.61% ATOM 1.55 ▼ 1.16% AAVE 95.28 ▼ 1.84% SELIC 14.25% EMBRAER 82.91 ▼ 2.00% EMBRAER ADR 64.74 ▼ 1.92% JBS 11.83 ▼ 0.67% JBS BDR 60.55 ▼ 0.38% MBRF3 15.84 ▲ 1.87% MBRFY 2.98 ▼ 1.32% INTER 5.68 ▼ 2.49% EGX 52,608 ▲ 0.67% USD/ZAR 16.40 ▲ 0.32% USD/NGN 1,378 ▲ 0.15% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY 162.31 ▲ 0.40% USD/CNY 6.7683 ▲ 0.02% DAX 25,106 ▲ 0.16% CAC 8,351 ▲ 0.15% FTSE 10,498 — 0.00% MIB 52,738 ▲ 0.24% IBEX 19,343 ▼ 0.21% STOXX 640.73 ▼ 0.06% EUR/USD 1.1403 ▼ 0.14% GBP/USD 1.3379 ▼ 0.14% SPX 7,549 ▼ 0.35% DJI 52,551 ▼ 0.16% NDX 29,502 ▼ 1.08% RUT 2,964 ▼ 0.47% TSX 35,239 ▼ 0.19% VIX 16.24 ▲ 8.05% USD/CAD 1.4138 ▼ 0.10% US10Y 4.6000 ▲ 0.68%
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Op-Ed Guest Opinions

Opinion: European and American vaccine selfishness leads Latin America to turn to China, Russia and India

By · February 20, 2021 · 2 min read

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By R. Viswanathan

RIO DE JANEIRO, BRAZIL – (Opinion) Latin America is the worst Covid-19-affected region in the world. All its countries need vaccines desperately. Their need is now being met mostly by Chinese, Russian and Indian vaccines.

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Argentina, Bolivia, Mexico, Nicaragua, Paraguay, and Venezuela have authorized/implemented use of the Russian Sputnik V vaccine, while others including Colombia are considering doing so. Argentina, Brazil, Chile, Mexico, and Peru have all acquired Chinese vaccines.

India has already supplied/committed to supply vaccines to Brazil, Argentina, Mexico, Bolivia, Nicaragua, El Salvador, and the Dominican Republic. More countries might be added to this list.

The most obvious missing names are the U.S. and European countries. They are concerned only with their own citizens. They are not only inward-looking but even squabbling among themselves (EU vs UK ) about sharing of vaccines.

They have not shown any solidarity or intent to help Latin America. Moreover, the western countries have overbought the vaccines beyond their requirements thereby reducing availability of supplies to developing countries.

Of course, the American Pfizer was one of the earliest to roll out its vaccine. Unsurprisingly, its vaccine is more expensive. It costs US$19.50 per dose as against around US$10 for Russian and Chinese vaccines while the Indian ones will be less than ten dollars. The Pfizer vaccine also poses logistical challenges since it needs to be stored at ultra-freezing temperatures of -45 Fahrenheit (-70 Celsius).

Apart from price and logistics, Latin American governments find negotiations with Pfizer more difficult than with Moscow, Beijing and New Delhi. Pfizer puts some difficult-to-accept liability conditions in its contracts, which provoked even pro-Trump Bolsonaro. The Latin Americans will not forget those who helped them and those failed them at this historic crisis time.

Colombian President Ivan Duque’s party members had earlier joined the American chorus of condemnation of Putin on violations of democracy and human rights. But it did not stop the pro-US Colombian government from ordering Russian vaccines.

The US trashes the Chinese economic presence in Latin America and warns about Russian designs in the region. But Washington has nothing to say about the Chinese and Russian vaccines which help the region.

The US keeps lecturing and forcing Latin America to divert its scarce resources to the so-called war on drugs. But there is no word from the United States on the vaccine for Latin America.

President Bolsonaro wrote a desperate letter to Indian Prime Minister Modi for urgent supply of vaccines. On receiving prompt supply, he thanked India profusely.

No Latin American President wrote to the US President or any European head of government asking for vaccines, because they know there would be no response.

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