FARC Down, But Not Yet Out

June 2008 | Political Risk Analysis

In recent weeks, the Marxist terrorist group Fuerzas Armadas Revolucionarias de Colombia (FARC) has suffered a number of serious setbacks with the death of leader Manuel Marulanda and two other senior leaders of the seven-man secretariat, as well as the surrender of one of the group's senior field commanders. With the group's main patron, Venezuelan President Hugo Chávez now calling for it to stand down, we believe the FARC's days are numbered. Nevertheless, with the FARC on the back foot, we caution of the increased possibility of violence in the short term as a show of force, and as such, leave our short term political ratings unchanged for the moment.

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