IBOV 167,368.93 ▲ 1.11% IPC MEX 70,184.33 ▲ 0.58% MERVAL 2,848,945 — — USD/BRL5.45▼ 0.70% USD/MXN18.57▼ 1.41% USD/CLP964.40▼ 1.71% USD/COP3,226▲ 0.01% USD/PEN3.45▼ 0.38% USD/ARS1,547▼ 0.24% USD/UYU40.26▲ 3.38% USD/PYG6,031▲ 5.26% USD/BOB12.00▲ 1.86% USD/DOP60.30▲ 0.50% USD/CRC450.45▲ 2.29% USD/GTQ7.64▲ 3.20% USD/HNL26.88▲ 3.25% USD/NIO36.62▲ 2.78% USD/VES890.98▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 2.46% USD/TTD6.66▲ 1.66% EUR/BRL6.12▲ 0.62% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 167,368.93 ▲ 1.11% IPC MEX 70,184.33 ▲ 0.58% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
since 2009
Wednesday, November 4, 2026

Chile Latin America

Chile’s Michelle Bachelet Quits the Race for UN Secretary-General

By · September 20, 2026 · 6 min read
Chile · United Nations

Key Facts

—The decision. Michelle Bachelet, Chile’s former president, withdrew from the race for UN Secretary-General on Saturday 19 September.
—The trigger. The day before, a Security Council straw poll gave her one vote to encourage and eleven to discourage.
—Her words. In an Instagram video she said the time was not right for the candidacy she represented.
—Who leads. Costa Rica’s Rebeca Grynspan topped the same poll with nine encouraging votes, just ahead of Guyana’s candidate.
—The region. Five of the seven remaining candidates come from Latin America and the Caribbean.
—What comes next. The Security Council keeps polling before recommending one name, and no date is set for the next round.

Michelle Bachelet, twice president of Chile and a former UN human rights chief, has abandoned her bid to run the United Nations. She announced the decision in a video on Saturday 19 September, a day after a crushing result in the Security Council.

Her exit removes one of the best-known names from a race that Latin America has a strong chance of winning. The region has not held the post since Peru’s Javier Pérez de Cuéllar left office in 1991.

The United Nations Security Council chamber in New York
The Security Council chamber in New York, where informal straw polls are narrowing the race for the next UN Secretary-General (Photo: Wikiweeki, CC BY 4.0 via Wikimedia Commons)
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

How She Announced It

Today I announce that I have decided not to continue with my candidacy, she said in the Instagram video, AFP and TASS reported. The 74-year-old added that she did not regret taking part, Al Jazeera English reported.

In her words, the time was not right for the candidacy she sought to represent. She did not spell out further reasons in the published excerpts.

She had already signalled the difficulty earlier this month. On 4 September she said she knew she was not going to be secretary-general, MercoPress reported.

The Straw Poll That Ended Her Bid

The Security Council held its third informal straw poll on Friday 18 September. Its fifteen members mark each candidate as encourage, discourage or no opinion, and the results are confidential but routinely leak.

Bachelet received one vote to encourage, eleven to discourage and three with no opinion, Reuters reported. Only Ecuador’s Ivonne Baki, with no encouraging votes, did clearly worse.

The polls are not binding, but they show who can survive the final stage. Any of the five permanent members, the United States, China, Russia, Britain and France, can veto the council’s eventual recommendation.

A candidate facing eleven discouraging votes has little prospect of reaching that stage. Bachelet drew the conclusion within a day of the result.

Who Is Still in the Race

Rebeca Grynspan, the Costa Rican economist who heads the UN trade and development agency, led with nine votes to encourage and five against. Carolyn Rodrigues-Birkett, a former foreign minister of Guyana, was close behind with eight to encourage.

Rafael Grossi of Argentina, who heads the International Atomic Energy Agency, received five votes to encourage and eight to discourage. Senegal’s former president Macky Sall had four to encourage and nine to discourage.

Ecuador’s María Fernanda Espinosa, a former president of the UN General Assembly, drew three votes to encourage. The field is completed by Ivonne Baki of Ecuador and Olara Otunnu, a former foreign minister of Uganda.

That leaves seven candidates, five of them from Latin America and the Caribbean. No official updated list has yet been published by the UN.

A Candidacy That Lost Its Home Country

Mexico formally presented Bachelet’s candidacy, according to a UN disclosure document dated 4 February 2026. Her own country’s backing had not survived Chile’s change of government.

Chile’s new government withdrew its support on 24 March 2026, after President José Antonio Kast took office. Bachelet belongs to the Socialist Party, the political opposite of Kast’s conservative camp.

No reaction from the governments of Chile, Mexico or Brazil appeared in the coverage reviewed on Sunday. The Geneva-based group UN Watch, a long-time critic, welcomed her defeat.

Who Michelle Bachelet Is

Bachelet, a paediatrician by training, was Chile’s first woman president, serving from 2006 to 2010 and again from 2014 to 2018. She was the first head of UN Women, the UN agency for gender equality, between her two terms.

From 2018 to 2022 she served as UN High Commissioner for Human Rights in Geneva. Her reports on Venezuela and on China’s Xinjiang region drew criticism from different sides.

Her father, an air force general, died after being detained under the Pinochet dictatorship, and she was herself detained before going into exile. That history made her a symbol of Chile’s return to democracy.

What Comes Next

The Security Council is expected to keep polling before it recommends a single name to the General Assembly. No date for a fourth straw poll had been announced by Sunday.

The winner will succeed António Guterres, whose second term ends on 31 December 2026. For now Grynspan and Rodrigues-Birkett are the names to watch.

The General Assembly’s annual debate opens in New York this week, bringing Latin American leaders including Brazil’s Lula to the city. Their private conversations may matter more for the race than any public statement.

For Latin America, the stakes are symbolic and practical. A Secretary-General from the region would set the agenda on migration, climate finance and peacekeeping from 2027.

Frequently Asked Questions

Why did Michelle Bachelet withdraw?

She said the time was not right for the candidacy she represented. The day before, a Security Council straw poll gave her one vote to encourage and eleven to discourage.

Who is leading the race for UN Secretary-General?

Costa Rica’s Rebeca Grynspan led the third straw poll with nine votes to encourage. Guyana’s Carolyn Rodrigues-Birkett followed with eight.

Who nominated Bachelet?

Mexico formally presented her candidacy, according to a UN document dated 4 February 2026. Chile’s government withdrew its support in March 2026.

How is the Secretary-General chosen?

The Security Council recommends one candidate after informal straw polls, and the General Assembly appoints them. Any of the five permanent members can veto the recommendation.

When does the new Secretary-General take office?

The successor to António Guterres takes office after his term ends on 31 December 2026.

Sources: AFP, on Bachelet quitting the race, TASS, on the Instagram announcement, Reuters, on the third straw poll, The National, on the Security Council poll, United Nations, Mexico’s nomination letter, MercoPress, on Bachelet conceding the difficulty, UN Watch, on the result

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.