IBOV 185,147.15 ▼ 0.02% IPSA 11,315.26 ▼ 1.14% IPC MEX 64,866.61 ▼ 0.87% MERVAL 3,049,121 ▼ 0.29% COLCAP 2,544.56 ▲ 0.40% BVL PERÚ 59,978.22 ▼ 0.31% USD/BRL5.12▼ 0.05% USD/MXN16.88▼ 0.04% USD/CLP933.68— 0.00% USD/COP3,124— 0.00% USD/PEN3.35▼ 0.02% USD/ARS1,509▼ 0.02% USD/UYU40.24— 0.00% USD/PYG5,947— 0.00% USD/BOB12.40— 0.00% USD/DOP59.00— 0.00% USD/CRC448.67— 0.00% USD/GTQ7.63— 0.00% USD/HNL26.84— 0.00% USD/NIO36.62— 0.00% USD/VES805.37▼ 0.90% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.71— 0.00% EUR/BRL5.95▲ 0.91% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,147.15 ▼ 0.02% IPSA 11,315.26 ▼ 1.14% IPC MEX 64,866.61 ▼ 0.87% MERVAL 3,049,121 ▼ 0.29% COLCAP 2,544.56 ▲ 0.40% BVL PERÚ 59,978.22 ▼ 0.31% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Sunday, September 6, 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.
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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.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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