Nature loss and external vulnerability in Latin America: insights from Brazil’s balance of payments and exchange-rate risks

A 2026 study highlights Brazil's growing external vulnerability due to nature loss, indirectly exposing critical infrastructure and economic systems to heightened exchange-rate and balance-of-payments risks. The research underscores systemic dependency on natural resources, which could destabilize financial markets, trade balances, and supply chains across Latin America. Policymakers and financial institutions are urged to reassess risk models to account for ecological degradation.