IBOV 172,299 ▼ 0.86% IPSA 10,627 ▼ 1.49% IPC MEX 68,315 ▼ 0.40% MERVAL 3,240,398 ▲ 2.34% COLCAP 2,176.90 ▼ 0.26% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.02 ▼ 0.33% USD/MXN 17.35 ▼ 0.03% USD/CLP 891.75 ▲ 0.22% USD/COP 3,560 ▼ 3.22% USD/PEN 3.40 ▲ 0.13% USD/ARS 1,427 ▲ 1.28% USD/UYU 40.17 ▲ 0.08% USD/PYG 5,091 ▼ 15.13% USD/BOB 6.85 ▼ 0.15% USD/DOP 58.15 ▲ 0.16% USD/CRC 452.56 ▲ 0.29% USD/GTQ 7.62 ▼ 0.05% USD/HNL 26.63 ▼ 0.02% USD/NIO 36.62 — 0.00% USD/VES 553.04 ▼ 0.13% USD/PAB 1.00 ▲ 2.24% USD/BZD 2.00 ▲ 1.67% USD/JMD 156.39 ▲ 0.80% USD/TTD 6.72 ▲ 1.00% EUR/BRL 5.84 ▼ 0.65% BRENT 94.93 ▲ 3.13% WTI 92.08 ▲ 5.40% IRON ORE 161.91 — — COPPER 6.58 ▲ 3.45% GOLD 4,519 ▼ 0.91% SILVER 75.52 ▼ 0.13% SOY 1,181 ▼ 0.46% CORN 444.50 ▼ 0.50% WHEAT 608.25 ▼ 0.37% COFFEE 260.00 ▼ 2.11% SUGAR 14.42 ▲ 2.56% ORANGE JUICE 154.95 ▼ 2.70% COTTON 76.66 ▲ 0.67% COCOA 3,899 ▼ 0.61% BEEF 240.40 ▼ 3.16% CATTLE 351.18 ▲ 0.79% LITHIUM 86.13 ▼ 1.17% PETR4 42.30 ▲ 2.42% VALE3 81.77 ▼ 1.27% ITUB4 39.47 ▼ 1.38% BBDC4 17.57 ▼ 0.63% ABEV3 16.39 ▲ 0.43% BBAS3 20.15 ▼ 0.45% B3SA3 16.27 ▼ 1.39% WEGE3 43.16 ▼ 2.13% PRIO3 63.37 ▲ 1.80% SUZB3 40.98 ▼ 2.22% RENT3 41.46 ▼ 1.33% AZZA3 18.89 ▼ 2.18% CSAN3 3.89 ▲ 2.37% RAIZ4 0.38 ▲ 5.56% PCAR3 1.69 ▼ 9.14% GMAT3 4.12 ▼ 3.51% PSSA3 48.23 ▼ 0.17% CVCB3 1.54 ▲ 2.67% POSI3 4.06 ▼ 0.25% SLCE3 15.17 ▼ 2.13% NATU3 9.78 ▼ 1.71% BRKM5 10.34 ▼ 1.15% RANI3 7.94 ▼ 1.00% CSNA3 6.33 ▼ 5.66% CMIN3 4.50 ▼ 3.43% USIM5 11.03 ▼ 0.45% GGBR4 23.11 ▲ 1.49% ENEV3 25.00 ▼ 2.46% NEOE3 33.80 — 0.00% CPFE3 42.79 ▼ 1.38% CMIG4 10.70 ▼ 0.56% EQTL3 38.47 ▼ 0.21% LREN3 15.06 ▲ 1.07% VIVT3 33.25 ▼ 1.69% RAIL3 13.95 ▲ 1.68% KLABIN 16.60 ▼ 0.42% RAIA DROGASIL 17.98 ▼ 3.80% RDOR3 33.70 ▼ 0.94% HAPV3 12.35 ▲ 1.65% FLRY3 15.24 ▼ 0.97% SMTO3 17.24 ▲ 1.53% UGPA3 25.61 ▼ 1.01% VBBR3 29.93 ▲ 0.61% BBSE3 35.04 ▼ 1.02% BPAC11 52.80 ▼ 1.77% CURY3 31.44 ▼ 0.91% AERI3 2.40 ▲ 4.80% VIVARA 21.52 ▼ 1.47% COMPASS 26.24 ▼ 1.98% VAMOS 2.99 ▼ 2.29% SANB11 27.06 ▼ 0.37% ASAI3 8.61 ▼ 1.60% SBSP3 27.52 ▼ 1.54% WALMEX 52.28 ▼ 0.23% GMEXICO 219.25 ▲ 1.86% FEMSA 203.75 ▼ 1.39% CEMEX 22.85 ▲ 0.09% GFNORTE 181.41 ▲ 0.34% BIMBO 57.67 ▼ 3.38% TELEVISA 9.38 ▲ 0.75% AMX 21.95 ▼ 0.14% GAP 403.01 ▼ 1.30% ASUR 294.55 ▼ 0.62% OMA 216.25 ▼ 0.81% KOF 185.32 ▼ 1.11% GRUMA 292.24 ▲ 0.51% KIMBER 38.18 ▼ 0.57% SQM-B 74,600 ▼ 2.10% COPEC 6,420 ▲ 1.52% BSANTANDER 68.95 ▼ 1.50% FALABELLA 5,665 ▼ 0.62% ENELAM 78.48 ▲ 0.62% CENCOSUD 2,142 ▲ 2.03% CMPC 1,082 ▲ 1.54% BANCO CHILE 166.19 ▼ 0.88% LATAM AIR 23.00 ▼ 4.56% YPF 81,350 ▲ 3.83% PAMPA 5,225 ▲ 2.85% TXAR 686.00 ▼ 0.94% ALUAR 1,031 ▲ 1.18% TGS 9,350 ▲ 2.35% CEPU 2,395 ▲ 1.66% MIRGOR 17,175 ▲ 1.33% COME 50.30 ▲ 1.90% LOMA NEGRA 3,693 ▲ 2.78% BYMA 301.50 ▲ 1.52% TELECOM ARG 4,345 ▲ 0.40% ECOPETROL 16.07 ▲ 9.99% BANCOLOMBIA 73.91 ▲ 7.75% GRUPO AVAL 5.09 ▲ 10.30% CREDICORP 339.99 ▼ 0.77% SOUTHERN COPPER 197.25 ▲ 3.11% BUENAVENTURA 35.50 ▼ 3.77% MERCADOLIBRE 1,714 ▲ 1.06% NUBANK 12.97 ▼ 1.26% XP 16.63 ▼ 0.27% PAGSEGURO 9.44 ▲ 0.91% STONE 11.62 ▲ 1.48% GLOBANT 44.27 ▲ 9.68% TECNOGLASS 44.15 ▲ 2.45% GAP AIRPORT 232.26 ▼ 1.71% ASUR 294.55 ▼ 0.62% OMA AIRPORT 99.77 ▼ 0.55% AMX ADR 25.23 ▼ 0.61% FEMSA ADR 117.46 ▼ 1.32% CEMEX ADR 13.19 ▲ 0.76% PETROBRAS ADR 18.87 ▲ 0.51% VALE ADR 16.26 ▲ 0.03% ITAU ADR 7.83 ▼ 0.63% SANTANDER BR 5.41 ▼ 0.64% AMBEV ADR 3.25 ▲ 1.25% CSN 1.28 ▼ 5.56% GERDAU 4.62 ▲ 2.56% LATAM ADR 51.53 ▼ 4.01% BTC 71,532 ▼ 2.78% ETH 1,991 ▼ 0.68% SOL 81.00 ▼ 1.58% XRP 1.30 ▼ 2.29% BNB 694.08 ▼ 2.05% ADA 0.23 ▼ 1.69% DOGE 0.10 ▼ 0.08% AVAX 8.93 ▼ 0.33% LINK 9.07 ▼ 0.67% DOT 1.17 ▼ 1.71% LTC 50.84 ▼ 2.24% BCH 290.82 ▼ 3.82% TRX 0.35 ▼ 1.65% XLM 0.25 ▼ 1.63% HBAR 0.09 ▼ 3.57% NEAR 2.58 ▲ 10.87% ATOM 1.93 ▼ 0.98% AAVE 80.60 ▼ 1.77% SELIC 14.50% EMBRAER 71.90 ▼ 2.02% EMBRAER ADR 57.24 ▼ 0.88% JBS 12.15 ▼ 2.61% JBS BDR 60.88 ▼ 0.20% MBRF3 15.53 ▼ 3.00% MBRFY 3.20 ▲ 4.92% INTER 6.19 ▲ 0.32% GGAL 7,670 ▲ 2.33% EGX 52,854 ▲ 0.37% USD/ZAR 16.29 ▲ 0.47% USD/NGN 1,367 ▼ 0.23% NIKKEI 66,934 ▲ 0.91% CSI300 4,844 ▼ 0.98% HSI 25,398 ▲ 0.86% NIFTY 23,383 ▼ 0.70% KOSPI 8,788 ▲ 3.68% JCI 6,127 ▼ 0.05% USD/JPY 159.64 ▲ 0.24% USD/CNY 6.7645 ▼ 0.02% DAX 25,003 ▼ 0.40% CAC 8,147 ▼ 0.45% FTSE 10,339 ▼ 0.68% MIB 49,775 ▼ 0.52% IBEX 18,185 ▼ 0.97% STOXX 621.24 ▼ 0.76% EUR/USD 1.1636 ▼ 0.20% GBP/USD 1.3463 ▲ 0.04% SPX 7,615 ▲ 0.46% DJI 51,034 — 0.00% NDX 30,586 ▲ 0.83% RUT 2,915 ▼ 0.15% TSX 34,760 ▼ 0.03% VIX 15.79 ▲ 3.07% USD/CAD 1.3836 ▲ 0.31% US10Y 4.4710 ▲ 0.40% IBOV 172,299 ▼ 0.86% IPSA 10,627 ▼ 1.49% IPC MEX 68,315 ▼ 0.40% MERVAL 3,240,398 ▲ 2.34% COLCAP 2,176.90 ▼ 0.26% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.02 ▼ 0.33% USD/MXN 17.35 ▼ 0.03% USD/CLP 891.75 ▲ 0.22% USD/COP 3,560 ▼ 3.22% USD/PEN 3.40 ▲ 0.13% USD/ARS 1,427 ▲ 1.28% USD/UYU 40.17 ▲ 0.08% USD/PYG 5,091 ▼ 15.13% USD/BOB 6.85 ▼ 0.15% USD/DOP 58.15 ▲ 0.16% USD/CRC 452.56 ▲ 0.29% USD/GTQ 7.62 ▼ 0.05% USD/HNL 26.63 ▼ 0.02% USD/NIO 36.62 — 0.00% USD/VES 553.04 ▼ 0.13% USD/PAB 1.00 ▲ 2.24% USD/BZD 2.00 ▲ 1.67% USD/JMD 156.39 ▲ 0.80% USD/TTD 6.72 ▲ 1.00% EUR/BRL 5.84 ▼ 0.65% BRENT 94.93 ▲ 3.13% WTI 92.08 ▲ 5.40% IRON ORE 161.91 — — COPPER 6.58 ▲ 3.45% GOLD 4,519 ▼ 0.91% SILVER 75.52 ▼ 0.13% SOY 1,181 ▼ 0.46% CORN 444.50 ▼ 0.50% WHEAT 608.25 ▼ 0.37% COFFEE 260.00 ▼ 2.11% SUGAR 14.42 ▲ 2.56% ORANGE JUICE 154.95 ▼ 2.70% COTTON 76.66 ▲ 0.67% COCOA 3,899 ▼ 0.61% BEEF 240.40 ▼ 3.16% CATTLE 351.18 ▲ 0.79% LITHIUM 86.13 ▼ 1.17% PETR4 42.30 ▲ 2.42% VALE3 81.77 ▼ 1.27% ITUB4 39.47 ▼ 1.38% BBDC4 17.57 ▼ 0.63% ABEV3 16.39 ▲ 0.43% BBAS3 20.15 ▼ 0.45% B3SA3 16.27 ▼ 1.39% WEGE3 43.16 ▼ 2.13% PRIO3 63.37 ▲ 1.80% SUZB3 40.98 ▼ 2.22% RENT3 41.46 ▼ 1.33% AZZA3 18.89 ▼ 2.18% CSAN3 3.89 ▲ 2.37% RAIZ4 0.38 ▲ 5.56% PCAR3 1.69 ▼ 9.14% GMAT3 4.12 ▼ 3.51% PSSA3 48.23 ▼ 0.17% CVCB3 1.54 ▲ 2.67% POSI3 4.06 ▼ 0.25% SLCE3 15.17 ▼ 2.13% NATU3 9.78 ▼ 1.71% BRKM5 10.34 ▼ 1.15% RANI3 7.94 ▼ 1.00% CSNA3 6.33 ▼ 5.66% CMIN3 4.50 ▼ 3.43% USIM5 11.03 ▼ 0.45% GGBR4 23.11 ▲ 1.49% ENEV3 25.00 ▼ 2.46% NEOE3 33.80 — 0.00% CPFE3 42.79 ▼ 1.38% CMIG4 10.70 ▼ 0.56% EQTL3 38.47 ▼ 0.21% LREN3 15.06 ▲ 1.07% VIVT3 33.25 ▼ 1.69% RAIL3 13.95 ▲ 1.68% KLABIN 16.60 ▼ 0.42% RAIA DROGASIL 17.98 ▼ 3.80% RDOR3 33.70 ▼ 0.94% HAPV3 12.35 ▲ 1.65% FLRY3 15.24 ▼ 0.97% SMTO3 17.24 ▲ 1.53% UGPA3 25.61 ▼ 1.01% VBBR3 29.93 ▲ 0.61% BBSE3 35.04 ▼ 1.02% BPAC11 52.80 ▼ 1.77% CURY3 31.44 ▼ 0.91% AERI3 2.40 ▲ 4.80% VIVARA 21.52 ▼ 1.47% COMPASS 26.24 ▼ 1.98% VAMOS 2.99 ▼ 2.29% SANB11 27.06 ▼ 0.37% ASAI3 8.61 ▼ 1.60% SBSP3 27.52 ▼ 1.54% WALMEX 52.28 ▼ 0.23% GMEXICO 219.25 ▲ 1.86% FEMSA 203.75 ▼ 1.39% CEMEX 22.85 ▲ 0.09% GFNORTE 181.41 ▲ 0.34% BIMBO 57.67 ▼ 3.38% TELEVISA 9.38 ▲ 0.75% AMX 21.95 ▼ 0.14% GAP 403.01 ▼ 1.30% ASUR 294.55 ▼ 0.62% OMA 216.25 ▼ 0.81% KOF 185.32 ▼ 1.11% GRUMA 292.24 ▲ 0.51% KIMBER 38.18 ▼ 0.57% SQM-B 74,600 ▼ 2.10% COPEC 6,420 ▲ 1.52% BSANTANDER 68.95 ▼ 1.50% FALABELLA 5,665 ▼ 0.62% ENELAM 78.48 ▲ 0.62% CENCOSUD 2,142 ▲ 2.03% CMPC 1,082 ▲ 1.54% BANCO CHILE 166.19 ▼ 0.88% LATAM AIR 23.00 ▼ 4.56% YPF 81,350 ▲ 3.83% PAMPA 5,225 ▲ 2.85% TXAR 686.00 ▼ 0.94% ALUAR 1,031 ▲ 1.18% TGS 9,350 ▲ 2.35% CEPU 2,395 ▲ 1.66% MIRGOR 17,175 ▲ 1.33% COME 50.30 ▲ 1.90% LOMA NEGRA 3,693 ▲ 2.78% BYMA 301.50 ▲ 1.52% TELECOM ARG 4,345 ▲ 0.40% ECOPETROL 16.07 ▲ 9.99% BANCOLOMBIA 73.91 ▲ 7.75% GRUPO AVAL 5.09 ▲ 10.30% CREDICORP 339.99 ▼ 0.77% SOUTHERN COPPER 197.25 ▲ 3.11% BUENAVENTURA 35.50 ▼ 3.77% MERCADOLIBRE 1,714 ▲ 1.06% NUBANK 12.97 ▼ 1.26% XP 16.63 ▼ 0.27% PAGSEGURO 9.44 ▲ 0.91% STONE 11.62 ▲ 1.48% GLOBANT 44.27 ▲ 9.68% TECNOGLASS 44.15 ▲ 2.45% GAP AIRPORT 232.26 ▼ 1.71% ASUR 294.55 ▼ 0.62% OMA AIRPORT 99.77 ▼ 0.55% AMX ADR 25.23 ▼ 0.61% FEMSA ADR 117.46 ▼ 1.32% CEMEX ADR 13.19 ▲ 0.76% PETROBRAS ADR 18.87 ▲ 0.51% VALE ADR 16.26 ▲ 0.03% ITAU ADR 7.83 ▼ 0.63% SANTANDER BR 5.41 ▼ 0.64% AMBEV ADR 3.25 ▲ 1.25% CSN 1.28 ▼ 5.56% GERDAU 4.62 ▲ 2.56% LATAM ADR 51.53 ▼ 4.01% BTC 71,532 ▼ 2.78% ETH 1,991 ▼ 0.68% SOL 81.00 ▼ 1.58% XRP 1.30 ▼ 2.29% BNB 694.08 ▼ 2.05% ADA 0.23 ▼ 1.69% DOGE 0.10 ▼ 0.08% AVAX 8.93 ▼ 0.33% LINK 9.07 ▼ 0.67% DOT 1.17 ▼ 1.71% LTC 50.84 ▼ 2.24% BCH 290.82 ▼ 3.82% TRX 0.35 ▼ 1.65% XLM 0.25 ▼ 1.63% HBAR 0.09 ▼ 3.57% NEAR 2.58 ▲ 10.87% ATOM 1.93 ▼ 0.98% AAVE 80.60 ▼ 1.77% SELIC 14.50% EMBRAER 71.90 ▼ 2.02% EMBRAER ADR 57.24 ▼ 0.88% JBS 12.15 ▼ 2.61% JBS BDR 60.88 ▼ 0.20% MBRF3 15.53 ▼ 3.00% MBRFY 3.20 ▲ 4.92% INTER 6.19 ▲ 0.32% GGAL 7,670 ▲ 2.33% EGX 52,854 ▲ 0.37% USD/ZAR 16.29 ▲ 0.47% USD/NGN 1,367 ▼ 0.23% NIKKEI 66,934 ▲ 0.91% CSI300 4,844 ▼ 0.98% HSI 25,398 ▲ 0.86% NIFTY 23,383 ▼ 0.70% KOSPI 8,788 ▲ 3.68% JCI 6,127 ▼ 0.05% USD/JPY 159.64 ▲ 0.24% USD/CNY 6.7645 ▼ 0.02% DAX 25,003 ▼ 0.40% CAC 8,147 ▼ 0.45% FTSE 10,339 ▼ 0.68% MIB 49,775 ▼ 0.52% IBEX 18,185 ▼ 0.97% STOXX 621.24 ▼ 0.76% EUR/USD 1.1636 ▼ 0.20% GBP/USD 1.3463 ▲ 0.04% SPX 7,615 ▲ 0.46% DJI 51,034 — 0.00% NDX 30,586 ▲ 0.83% RUT 2,915 ▼ 0.15% TSX 34,760 ▼ 0.03% VIX 15.79 ▲ 3.07% USD/CAD 1.3836 ▲ 0.31% US10Y 4.4710 ▲ 0.40%
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Monday, June 1, 2026

Chile Drops Support for Bachelet’s UN Leadership Bid

By · March 25, 2026 · 3 min read

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Key Points
President Kast withdrew Chile’s backing for former president Michelle Bachelet’s candidacy to become UN Secretary General, calling the bid “unviable” given fragmented Latin American candidacies and opposition from key powers
Bachelet said she will continue pursuing the position with the support of Brazil and Mexico, which co-sponsored her nomination under the previous Boric government
No woman has ever held the post in 80 years, and an informal rotation principle suggests the next secretary general should come from Latin America — a region that has produced only one holder of the office

The Bachelet UN candidacy lost its home country’s support on Tuesday when President José Antonio Kast formally withdrew Chile’s backing for the former president’s bid to lead the United Nations. The Rio Times, the Latin American financial news outlet, had previously reported that the candidacy’s fate depended on whether Kast’s conservative government would sustain a nomination launched by its ideological opposite.

The Foreign Ministry said it had concluded that “the context of this election, the fragmentation of Latin American candidacies, and the differences with some of the relevant actors who define this process make this candidacy unviable.” Chilean embassies worldwide will cease promoting the bid, though Chile pledged to abstain from supporting any rival candidate if Bachelet continues independently.

What “Relevant Actors” Means for the Bachelet UN Candidacy

The ministry’s reference to “differences with relevant actors” is diplomatic language for opposition from at least one of the five permanent Security Council members, each of which holds veto power over the appointment. During the campaign, Kast had publicly noted Washington’s reservations about Bachelet’s candidacy, and his government’s broader alignment with the Trump administration on security and technology issues makes a confrontation with Washington on this question unlikely.

Chile Drops Support for Bachelet’s UN Leadership Bid. (Photo Internet reproduction)

The fragmentation argument also carries weight. Multiple Latin American candidates are competing for the position that António Guterres vacates on December 31, 2026, diluting the region’s negotiating leverage in a process where consensus among Security Council members matters more than the number of endorsements.

Bachelet Presses Ahead Without Chile

Bachelet responded within hours, saying she would continue her campaign with the support of Brazil and Mexico. “A candidacy of this level is never a simple task, but the values and principles that have marked my life lead me to take on this challenge with responsibility and conviction,” she said in a statement.

Richard Gowan of the International Crisis Group noted that Bachelet can proceed without her home country’s support, since she is not the only candidate in that position. However, he acknowledged that “some UN members will ask whether a candidate without domestic backing is viable.”

The Historic Dimension of the Bachelet UN Candidacy

The stakes extend beyond Chilean politics. No woman has ever served as UN Secretary General in the organization’s 80-year history, and an informal rotation principle suggests the next holder should come from Latin America. Only one Latin American — Peru’s Javier Pérez de Cuéllar, who served from 1982 to 1991 — has held the post.

Bachelet’s credentials are unusually strong for the role. She served two terms as Chile’s first female president (2006–2010, 2014–2018), was the inaugural executive director of UN Women from 2010 to 2013, and served as UN High Commissioner for Human Rights from 2018 to 2022. No other candidate combines national executive experience with senior UN leadership at that level.

Domestic Context

The withdrawal comes as Kast’s government faces its own domestic pressures, including nationwide protests over a historic fuel price increase and declining approval ratings. The decision to drop Bachelet’s candidacy avoids a diplomatic battle with Washington at a moment when the government needs international goodwill on trade and energy issues.

That pledge of neutrality preserves a minimum of institutional respect toward a two-term former head of state. Whether it holds through the months of backroom negotiations ahead will test the boundary between Chile’s domestic political divisions and its traditions of bipartisan foreign policy.

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