Explaining Brazil

190,000 points. After a string of record highs that have been piling up since mid-January, the Ibovespa — the benchmark index of São Paulo’s stock exchange, the B3 — surpassed this historic threshold during Wednesday, February 11, closing the day just ...

190,000 points. After a string of record highs that have been piling up since mid-January, the Ibovespa — the benchmark index of São Paulo’s stock exchange, the B3 — surpassed this historic threshold during Wednesday, February 11, closing the day just shy of it. Financial trading volume totaled BRL 38.6 billion, or about USD 7.7 billion. With this result, and only six weeks into the year, Ibovespa...

Brasília is back to work — and the new legislative year has opened with all the familiar rituals: lofty speeches about stability, institutional balance, and dialogue, plus promises of an ambitious agenda ahead. But this is no ordinary year. Brazil is h...

Brasília is back to work — and the new legislative year has opened with all the familiar rituals: lofty speeches about stability, institutional balance, and dialogue, plus promises of an ambitious agenda ahead. But this is no ordinary year. Brazil is heading into a high-stakes election in October. Voters will choose a president, renew the entire House, elect two-thirds of the Senate, pick 27 gover...

As the saying goes, the calm comes before the storm. In Brazil’s Supreme Court, the current crisis came after a period of glory and renown. In September 2025, the Supreme Court made history and became a global reference. Breaking with Brazil’s long tra...

As the saying goes, the calm comes before the storm. In Brazil’s Supreme Court, the current crisis came after a period of glory and renown. In September 2025, the Supreme Court made history and became a global reference. Breaking with Brazil’s long tradition of impunity for military interference in politics, the court analyzed a wealth of evidence and convicted former President Jair Bolsonaro and...

Amid a global context of eroding multilateralism and rising US trade wars, Mercosur and the European Union are trying to create a shared market for more than 700 million people. The proposed free trade zone for goods and services encompasses 27 Europea...

Amid a global context of eroding multilateralism and rising US trade wars, Mercosur and the European Union are trying to create a shared market for more than 700 million people.  The proposed free trade zone for goods and services encompasses 27 European countries, plus Brazil, Argentina, Paraguay and Uruguay on the other side of the Atlantic, with Bolivia in the process of joining as well. Combin...

Lula did not recognize Maduro’s 2024 election win, but his first two terms in office in the 2000s saw him make South American integration a top priority of Brazil’s foreign policy, and maintain close ties with the Hugo Chavez government of the time. Ve...

Lula did not recognize Maduro’s 2024 election win, but his first two terms in office in the 2000s saw him make South American integration a top priority of Brazil’s foreign policy, and maintain close ties with the Hugo Chavez government of the time. Venezuela held the world’s largest oil reserves. It was a country with limited development in other sectors, highly dependent on imports, and eager to...

In Latin America, 2026 quite literally got off to an explosive start. Just before sunrise on January 2, the city of Caracas was violently awoken by the sound of bombs, as US forces launched a sudden, high-intensity strike on the Venezuelan capital. Wit...

In Latin America, 2026 quite literally got off to an explosive start. Just before sunrise on January 2, the city of Caracas was violently awoken by the sound of bombs, as US forces launched a sudden, high-intensity strike on the Venezuelan capital. Within hours, President Nicolás Maduro and his wife, Cilia Flores, were in American custody — flown out of the country and headed to New York to face c...

In any democratic republic, it’s normal for the executive, legislative, and judicial branches to clash. That’s a sign of mutual oversight. It’s also normal for politicians to make concessions to their adversaries. That’s a sign of democracy. But the se...

In any democratic republic, it’s normal for the executive, legislative, and judicial branches to clash. That’s a sign of mutual oversight. It’s also normal for politicians to make concessions to their adversaries. That’s a sign of democracy. But the sequence of recent events in Brazilian politics has turned into a sweeping narrative about what happens when these dynamics of checks and balances sli...

In a country with 27 state governments, more than 5,000 city halls, and around 12 million people working in the public sector, calls to reform — or improve — Brazil’s civil service never really seem to go away. We talked to Brazil's special secretary f...

In a country with 27 state governments, more than 5,000 city halls, and around 12 million people working in the public sector, calls to reform — or improve — Brazil’s civil service never really seem to go away. We talked to Brazil's special secretary for state transformation — and asked him to compare the reform proposals coming from the lower house with the Lula administration's approac...

Carlos Nobre, head of the Planetary Science Pavilion at COP30 in the Amazon, talks to us about the conference’s results, the climate emergency we are living through, and what Brazil can still do. Send us your feedback Support the show

Carlos Nobre, head of the Planetary Science Pavilion at COP30 in the Amazon, talks to us about the conference’s results, the climate emergency we are living through, and what Brazil can still do. Send us your feedback Support the show

Five years ago, Brazil launched a public digital payment infrastructure — and its impact on the financial market and society has been immense. Send us your feedback Support the show

Five years ago, Brazil launched a public digital payment infrastructure — and its impact on the financial market and society has been immense. Send us your feedback Support the show

Over the past decade, Brazilian lawmakers have steadily built up procedures to expand their powers over the purse. That has included increasing the overall volume of congressional grants; making a large share of them mandatory spending; limiting the Ex...

Over the past decade, Brazilian lawmakers have steadily built up procedures to expand their powers over the purse. That has included increasing the overall volume of congressional grants; making a large share of them mandatory spending; limiting the Executive’s discretion over when to release those funds, and creating ways to erase transparency and traceability from the process. A perfect recipe f...

Each passing year, the United Nations Climate Change Conference (COP) gains more urgency. More and more biomes around the world are approaching what scientists call tipping points — the Amazon chief among them. Hosting the 30th edition of COP in Belém,...

Each passing year, the United Nations Climate Change Conference (COP) gains more urgency. More and more biomes around the world are approaching what scientists call tipping points — the Amazon chief among them. Hosting the 30th edition of COP in Belém, one of the Amazon’s biggest cities, therefore represents one of the most significant responsibilities Brazil’s diplomacy has taken on in recent tim...

Justice Luís Roberto Barroso is retiring. We unpack how factors such as trust, political ties, and electoral considerations may guide President Lula’s next choice for the court. Listen to the full episode on Apple Podcasts, Spotify or on The Brazilian ...