IBOV 172,060.43 ▲ 0.42% IPC MEX 72,419.39 ▲ 0.73% MERVAL 2,848,945 — — USD/BRL5.58— 0.00% USD/MXN18.64▲ 0.20% USD/CLP982.08▼ 0.22% USD/COP3,279▼ 0.85% USD/PEN3.41▼ 0.03% USD/ARS1,544▼ 0.03% USD/UYU40.52▲ 3.32% USD/PYG6,174▲ 3.14% USD/BOB11.63▲ 1.12% USD/DOP60.48▲ 0.05% USD/CRC446.01▲ 1.79% USD/GTQ7.64▲ 3.16% USD/HNL26.90▲ 3.29% USD/NIO36.62▲ 2.73% USD/VES902.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 2.41% USD/TTD6.72▲ 2.22% EUR/BRL6.18▼ 0.80% BRENT 92.66 ▼ 0.11% WTI 86.45 ▼ 0.09% IRON ORE 161.91 — — COPPER 6.23 ▼ 0.79% GOLD 3,971 ▼ 0.75% SILVER 51.31 ▼ 1.11% SOY 1,227 ▼ 0.20% CORN 448.00 — 0.00% WHEAT 600.75 ▲ 0.21% COFFEE 265.45 ▼ 2.19% SUGAR 18.47 ▲ 2.10% ORANGE JUICE 146.60 ▼ 0.10% COTTON 82.35 ▲ 4.65% COCOA 5,061 ▲ 6.73% BEEF 218.98 ▼ 0.10% CATTLE 327.80 ▼ 0.77% LITHIUM 61.07 ▲ 1.82% PETR4 43.55 ▼ 3.11% VALE3 64.43 ▼ 0.57% ITUB4 41.72 ▲ 1.26% BBDC4 14.33 ▼ 1.44% ABEV3 15.85 ▲ 0.38% BBAS3 16.89 ▼ 1.23% B3SA3 14.80 ▲ 2.21% WEGE3 51.61 ▲ 1.30% PRIO3 61.47 ▲ 2.42% SUZB3 53.80 ▼ 1.21% RENT3 30.24 ▲ 1.51% AZZA3 15.37 ▲ 4.34% CSAN3 3.03 ▲ 13.06% RAIZ4 0.30 ▼ 98.60% PCAR3 2.54 ▼ 0.78% GMAT3 4.08 ▲ 7.09% PSSA3 45.98 ▼ 1.48% CVCB3 0.86 — 0.00% POSI3 3.32 ▲ 5.40% SLCE3 17.05 ▼ 0.23% NATU3 5.62 ▲ 1.26% BRKM5 2.92 — 0.00% RANI3 8.39 ▼ 0.71% CSNA3 4.52 ▲ 3.20% IBOV 172,060.43 ▲ 0.42% IPC MEX 72,419.39 ▲ 0.73% MERVAL 2,848,945 — — USD/BRL 5.58 ▲ 0.00% USD/MXN 18.63 ▲ 0.17% USD/CLP 982.08 ▼ 0.22% USD/COP 3,288 ▼ 0.60% USD/PEN 3.41 ▼ 0.03% USD/ARS 1,544 ▼ 0.11% USD/UYU 40.52 ▲ 3.32% USD/PYG 6,174 ▲ 3.14% USD/BOB 11.63 ▲ 1.12% USD/DOP 60.48 ▲ 0.13% USD/CRC 446.01 ▲ 1.79% USD/GTQ 7.64 ▲ 3.18% USD/HNL 26.90 ▲ 3.29% USD/NIO 36.62 ▲ 2.73% USD/VES 902.19 ▲ 0.19% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 2.41% USD/TTD 6.72 ▲ 2.22% EUR/BRL 6.18 ▼ 0.78% BRENT 92.66 ▼ 0.11% WTI 86.45 ▼ 0.09% IRON ORE 161.91 — — COPPER 6.23 ▼ 0.79% GOLD 3,971 ▼ 0.75% SILVER 51.31 ▼ 1.11% SOY 1,227 ▼ 0.20% CORN 448.00 — 0.00% WHEAT 600.75 ▲ 0.21% COFFEE 265.45 ▼ 2.19% SUGAR 18.47 ▲ 2.10% ORANGE JUICE 146.60 ▼ 0.10% COTTON 82.35 ▲ 4.65% COCOA 5,061 ▲ 6.73% BEEF 218.98 ▼ 0.10% CATTLE 327.80 ▼ 0.77% LITHIUM 61.07 ▲ 1.82% PETR4 43.55 ▼ 3.11% VALE3 64.43 ▼ 0.57% ITUB4 41.72 ▲ 1.26% BBDC4 14.33 ▼ 1.44% ABEV3 15.85 ▲ 0.38% BBAS3 16.89 ▼ 1.23% B3SA3 14.80 ▲ 2.21% WEGE3 51.61 ▲ 1.30% PRIO3 61.47 ▲ 2.42% SUZB3 53.80 ▼ 1.21% RENT3 30.24 ▲ 1.51% AZZA3 15.37 ▲ 4.34% CSAN3 3.03 ▲ 13.06% RAIZ4 0.30 ▼ 98.60% PCAR3 2.54 ▼ 0.78% GMAT3 4.08 ▲ 7.09% PSSA3 45.98 ▼ 1.48% CVCB3 0.86 — 0.00% POSI3 3.32 ▲ 5.40% SLCE3 17.05 ▼ 0.23% NATU3 5.62 ▲ 1.26% BRKM5 2.92 — 0.00% RANI3 8.39 ▼ 0.71% CSNA3 4.52 ▲ 3.20%
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Thursday, November 12, 2026

Business - Brazil In-Depth - Brazil

Coup de Grâce for Brazilian Science

By · · 3 min read

By Xiu Ying, Contributing Reporter

RIO DE JANEIRO, BRAZIL – Researchers in Brazil are up in arms after President Jair Bolsonaro’s government announced late last month that it had frozen 42 percent of the budget for the country’s Science and Communications Ministry (MCTIC).

The decision could derail multi-million-dollar research projects such as the Sirius synchrotron.
The decision could derail multi-million-dollar research projects such as the Sirius synchrotron.
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The decision is especially painful because the Science Ministry was already struggling with its lowest budget in fourteen years. Brazilian Congress approved R$ 5.1 billion (US$ 1.45 billion) for the MCTIC in 2019; the freeze announced on March 29 leaves the Ministry with just R$ 2.9 billion for the rest of this year.

Unless government officials release some of the frozen funds, agencies within the MCTIC, such as the National Council for Scientific and Technological Development (CNPq) ― Brazil’s main research funding agency ― could run out of cash as early as July. The government tried to slash the MCTIC’s budget by 44 percent in 2017, but it restored some of the money later that year.

The freeze will cripple Brazil’s scientific and technological development if the government does not reverse it, said the Brazilian Science Academy and five other scientific societies in a statement on April 1st. “It will take many decades to rebuild the country’s science and innovation capacity.”

International Impact

It is not yet clear how the freeze will affect each of the MCTIC’s agencies and its sixteen federal research institutes. But the government did announce a nearly 80 percent funding freeze on March 29 for the ministry’s spending on infrastructure — including its new Sirius synchrotron facility in Campinas, which physicists hope to use to study the structure of matter. Scientists are on edge, fearing delayed projects, wasted research efforts, loss of competitiveness, and brain drain (the emigration of highly trained or intelligent people).

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The project’s director Antônio Roque da Silva is worried about losing key personnel. “I have people constantly being offered positions in labs abroad,” he says. “Losing them is the biggest risk to the project.”

Ronald Shellard, director of the Brazilian Center for Research in Physics (CBPF) in Rio de Janeiro, fears for Brazil’s ability to honor international commitments. The CBPF is part of twenty international science collaborations, including the Large Hadron Collider near Geneva, Switzerland — and the Pierre Auger Observatory, a cosmic-ray observatory in Malargüe, Argentina.

Brazil’s main federal science funding agency was already in trouble before the latest budget freeze. Congress had slashed the CNPq’s scholarship budget for undergraduate and graduate students, which funds 80,000 awards, from R$ 959 million in 2018 to R$ 785 million in 2019. The CNPq also started this year R$ 300 million in debt. If things remain as they are, the money for scholarships will only last through September, says the agency’s president, João Filgueiras de Azevedo.

he CBPF is part of twenty international science collaborations, including the Large Hadron Collider near Geneva, Switzerland
Brazil is part of twenty international science collaborations, including the Large Hadron Collider near Geneva, Switzerland.

But even if the CNPq could meet its scholarship commitments, “there is no money for research grants,” said Luiz Davidovich, a physicist at the Federal University of Rio de Janeiro and president of the Brazilian Science Academy.

Brain Drain Expected

Davidovich is worried about the impact of Brazil’s ongoing funding crisis on young researchers. “Our best and brightest are leaving the country,” he says. He’s been getting an increasing number of requests for letters of recommendation from graduate students and young researchers who are planning to move abroad.

A constitutional amendment limits growth in government spending to what is needed to keep up with inflation, meaning that a return to pre-2014 budget levels — before the science ministry’s funding started its free fall — is unlikely.

Bolsonaro, Brazil’s far-right president who took office in January, has pledged to increase spending on research and development from 1% to 3% of the country’s gross domestic product. He has also appointed Brazil’s only astronaut, Marcos Pontes, as his Science Minister. But Bolsonaro’s Economy Minister, Paulo Guedes, is a neoliberal hardliner who is pushing to shrink the size of Brazil’s government in order to boost the economy.

This means that a situation that looks bad now could get worse, says Davidovich. “At the bottom of the well, there may be a trap door.”

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

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