Post-Election Standoff In Guyana Underscores Significant Risks

• President David Granger’s refusal to concede the March 2020 election and leave office will heighten political risks in Guyana in the coming weeks.
• While Fitch’s core view remains that Granger will eventually step down and allow the opposition People’s Progressive Party/Civic (PPP) to assume control of the government, they note the possibility of increased sanctions by the US and other governments if Granger remains in power.
• Fitch Solutions has revised Guyana’s score in the Short-Term Political Risk Index to 48.0 out of 100, from 54.3 previously, as the government’s refusal to verify the election results or leave the office to underpin the possibility of political violence.

(Source: Fitch Solutions)