Third Spanish Republic (in exile)
Backstory:
After the start of the Spanish Civil War in 1936, Spanish Guinea (now Equatorial Guinea) remains loyal to the Republican government and the Republicans hold the territory until the end of the war.
From 1939 on, the Republicans flee to the territory in the hopes of one day returning to the Fatherland. Franco wants to reclaim the territory, but also is happy to see the most fierce opponents of his regime thousands of miles away. Also, the Republicans remain armed on the island and committed to its defense. Franco loses even more interest in the colony after 1945, when his government is trying to court the Western Allies against the growing threat of Soviet communism in Europe. The "questionable" loyalty of any Republican government in Spain in fighting communism gives Franco a diplomatic boost among the newly-formed NATO alliance.
By 1949, the idea of Republicans returning to Spain to fight Franco is all but laughable; Franco is close to NATO though not an official member and the Francoist economy is back on the mend. With this in mind,
President Barrio declares in Bata the birth of the Third Spanish Republic. This is marked by a change in official policy by where the government would no longer support a military attempt to retake Spain proper.
While Western powers are somewhat sympathetic to the holdout Republicans, the immediate concerns of the Cold War (commies!) mean that the Barrio Republic is given an equally cold shoulder. Despite suspicions from some in the West, the country is decidedly not governed by communists or anarchists, most of who have long since left on a voluntary basis to the Soviet Union or Mexico.
By 1955, the Third Spanish Republic is a functioning but poor country that is only recognized officially by Mexico and Yugoslavia. The 1949 Constitution also granted Africans the right to vote, though tensions remain high between the relatively well-off Spanish exiles and the indigenous Africans.
Design: I took elements from the flag of the
Second Spanish Republic and the coat of arms from
Spanish Guinea. Credit to Wikipedia user
Heralder for high-quality images.