Mariano Machado, Americas principal analyst at Verisk Maplecroft: “Chile’s second-attempt constitution has entered uncharted waters, with no guarantee of a successful resolution by the end of 2023, when a new draft will be put to a public vote in another referendum. This second drafting process will take a more conservative direction. The election for the commission has resulted in further political fracturing and polarization at the cost of the traditional centrist forces. It has also promoted the revival of an ultraconservative right, in an apparent response to the radical leftist movement surrounding President Gabriel Boric. But even though this second attempt will swap who is in the driver’s seat–the left drove in the first initiative–there are strong similarities between both processes that could outperform differences. These include having a body that appears (again) ill-suited to deliver a consensus text and a weak ruling coalition (again) observing the process from the sidelines. Hence,…”