Political Risk / Panama
UN-Likely Choice?
December 2006 | Political Risk AnalysisVenezuela and Guatemala withdrew their candidacies for the non-permanent seat in the UN Security Council and gave their joint support to Panama on 1 November. The countries' decision resolved a 2-week deadlock in the UN General Assembly, after 47 ballots had not produced a clear winner. We anticipated that Venezuela would withdraw its candidacy in an attempt to save face in the wake of calls for an alternative candidate, but only accepted to do so if Guatemala also
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