In this edition of the Global Risk Bulletin, we reflect on the Taliban’s return to power in Afghanistan, look ahead to Chile’s elections in November amid an ongoing constitutional rewrite, and explore the drivers and impacts of protests against Covid-19 vaccinations.
The Taliban 2.0: A return to history?
The Taliban’s rapid capture of Afghanistan culminated in the seizing of Kabul in mid-August. The new government has inherited a complex security environment, and will have its hands full in righting the economy and maintaining order domestically, but also in trying to establish international relations amid widespread concerns over the Taliban’s human rights record.

Winds of change: Political uncertainty surrounds Chile’s elections
Chile’s November elections arrive as the country is in the process of rewriting its constitution. The victor of the elections is as yet unclear, but whichever candidate takes office, they will have to oversee the implementation of a new constitution. Recent mass unrest in Chile over a range of socio-economic issues shows the country is far from resolving its various challenges. With the new constitution potentially challenging some long-standing societal arrangements and priorities, businesses may face stricter regulations for operating in the country.

Global protests: Taking a jab at Covid-19 vaccinations
As countries around the world have rolled out Covid-19 vaccination programs, opposition to vaccines has prompted protests in several places. The reasons for the protests are complex, with no single driving motivation or unified group behind them. With the human and economic costs of an ongoing pandemic patently clear, states and businesses will need to consider their options around vaccinations carefully.