In this edition of our monthly report, we share various regional and international events that remind us of the importance of managing risks and uncertainty in an efficient, proactive and intelligent manner. On the international front, the war in Ukraine does not seem to find a solution and the risk of an escalation towards nuclear weaponry should not be ruled out. We have also paid attention to the continued growth of the extreme right in Europe. Locally, the elections in Brazil have been in the spotlight, as well as local conflicts in countries in the region. We hope you enjoy it. .