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• LatAm 2006 Elections Calendar

• VTR• 2005 Full Year Results Summary• January 2006 Results Summary• Key Initiatives / Issues

• LCPR• Scorecard• 2005 Full Year Results Summary• January 2006 Results Summary• Key Initiatives / Issues

• Pramer Update

• Other LatAm

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2006 dominated by elections in the region. Key ones:

• Bolivia» Presidential Elections Held End 05• Evo Morales sworn in Feb/06 » Close ties to Chavez, move to the left

• Chile» January/06 Presidential Elections Held• Michelle Bachelet elected President, as expected• Continuation of rule by "Concertacion" (Lagos' party)

• Mexico» July Presidential Elections• Andres Manuel Lopez Obregon (PRD) leading polls (35%) and expected to win, although early in race

• Although clearly a candidate for the left, Lopez Obregon moving towards center » "More likely Lula than Chavez"• No sexenlo macroeconomic crisis expected

• Brazil> > October Presidential Elections• Lula (PT) expected to run for re-election• Leadership of PSDB still unclear & still too early to predict outcome of elections

• Peru > > Presidential Elections (April 9/Run off: May7)• Lourdes Flores (center-right) leading polls (24%), Ollanta Humala (left, supported by Chavez) second (20%)• Polls show Lourdes Flores winning run off with 60% of votes against Humala

• Puerto Rico » Island Status• US Presidential Task Force on Puerto Rico's status released report on findings late Dec/OS• Report calls for first vote on whether island should retain current commonwealth status or vote for a definitive

solution. If later, then vote on statehood vs independence should follow• Bill has not been presented to Congress yet turning recommendation into proposed legislation• But bill led by Democratic party has however been presented to Congress to let Puerto Ricans determine options to

be included in referendum• Unclear whether US Congress will act on recommendation

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