Global Risk Insights

The Week Ahead: 30 September – 6 October

Elections in Cameroon, Brazil, and Latvia. Kavanaugh confirmation. All in The Week Ahead.

BRAZIL: Significant tension as elections loom and far-right leader appears to be in the lead

GRI take: With Bolsonaro currently polling at around 30%, he appears to be likely to secure the top vote (but not yet with enough support to avoid a runoff). Whether Haddad secures the second place position is uncertain given corruption allegations against the PT and fears among Brazilians that the PT will follow in the policy direction of Venezuela (the PT has at several opportunities supported Venezuela). Massive protests were launched by women when Bolsonaro was released from the hospital following a stabbing at an election event, and opposition from women could be decisive in the runoff election. In several instances in the past few years in major South American elections, candidates with strong first round support were unable to consolidate sufficient support beyond their core voters and ultimately lost in the runoff (Scioli in Argentina in 2015, Fujimori in Peru in 2016). Whether concern over the PT’s corruption allegations and ties to Venezuela or opposition to Bolsonaro’s provocative statements will ultimately be decisive is uncertain, but the strength of the PT’s support in the first round should give an indication of how much ground it will have to gain to defeat Bolsonaro (and conversely, how much support Bolsonaro will need to secure from other parties to secure majority support). Should it happen, runoff elections will be held in late October.


LATVIA: Parliament elections likely to create confusion as major issues bubble up

GRI take: Two major components of Latvian political life, Russia and Latvia’s position in global finance, have added multiple layers to this election and make the outcome hazy. In attempting to win ethnic Latvians, Harmony has straddled a careful line: undoing its cooperation agreement with United Russia while also not addressing Russia’s actions in Ukraine. Adding further to the uncertainty, the third largest political party in current polling, the KPV, maintains an authoritarian friendly perspective while also running on an anti-elite and anti-corruption platform. Between these two forces, an array of centrist, center-right, and right-leaning political parties are jockeying for position and to not be locked out of the Saeima. There are rumors that two parties and the traditionally flexible Union of Greens and Farmers could join in an election, though what this coalition would look like and how it would deal with Russia relations, the EU, and financial regulations in light of the Latvian money laundering scandal, is entirely uncertain.


CAMEROON: While President Biya is a shoo-in to secure reelection, tensions between English- and French-speaking Cameroonians are likely

GRI take: With additional calls for a crackdown, Biya’s likely reelection, and other domestic concerns (in particular the threat posed by Boko Haram), it is likely that tensions in the English-speaking border regions will escalate. This issue, along with Boko Haram, will be one of the largest for Biya to contend with, and may escalate depending on how large a crackdown he initiates following his election.


UNITED STATES: Kavanaugh vote to be Supreme Court Justice possible this week

GRI take: With only a week to investigate the claim, and the White House allegedly constraining the limits of the investigation, the FBI should be delivering its findings to the Senate by this Friday. It is uncertain what the FBI will determine, but the key voices to follow are the senators mentioned above. With growing opposition to Kavanaugh and rising Democratic engagement ahead of the November midterm elections, the range of outcomes could vary from a 53-47 confirmation to the first defeat of a Supreme Court candidate since Robert Bork in 1987.