LATAM Week Ahead: Highly Polarized Presidential Election

Research evidence excerpt

LATAM Week Ahead: Highly Polarized Presidential Election

Economics Research

17 July 2026 | 4:05PM EDT

LATAM Week Ahead: Increasing Market Focus on the Brazil Election

Dynamics

With the FIFA World Cup nearing its end and Congress heading into recess, market Alberto Ramos

+1(212)357-5768 |

attention is likely to shift to electoral dynamics ahead of the October general alberto.ramos@gs.com

Goldman Sachs & Co. LLC

elections. Party conventions to formally select and nominate their candidates for all

Sergio Armella

offices up for election in October will take place between July 20 and August 5. While +1(212)357-9077 |

many figures have already announced their pre-candidacies, they cannot legally run sergio.armella@gs.comGoldman Sachs & Co. LLC

or appear on the ballot without formal nomination at these conventions. Santiago Tellez

+1(212)855-0367 |

The Workers’ Party (PT) convention begins on August 2 and is expected to formalize santiago.tellez@gs.comGoldman Sachs & Co. LLC

President Lula’s bid for an unprecedented fourth term, once again with Vice

President Geraldo Alckmin (PSB) as his running mate. The Liberal Party (PL) will hold

its convention on July 25 and is widely expected to nominate Senator Flávio

Bolsonaro, son of former President Jair Bolsonaro. Several potential running mates

have been mentioned in the press, but the vice-presidential pick remains unclear,

aside from speculation that it will likely be a woman.

Once the conventions conclude on August 5, the electoral process moves swiftly into

its next phases:

n August 15, 2026: Deadline for parties and coalitions to register their nominated

candidates with the Electoral Authority.

n August 16, 2026: Official start of the electoral campaign.

n October 4, 2026: Election first round.