Notes

Gustavo Petro wins the Historic Pact for Lights and Shadows
Gustavo Petro was confirmed as the Candidate on Sunday. Petro has been attending the elections for several weeks, displaying favoritism.

(Position of candidates of the Historic Pact on Pensions and inflation).

Ex-senator of the Republic and former mayor of Bogota has won the victory with the Historic Pact coalition. Officially the former mayor is now a candidate to the Presidency, which he hopes to achieve three times.

His high vote during the consultation makes him the most representative of the Colombian Left, and a reliable presidential candidate, despite his controversial ideas and proposals on multiple fronts, including the economic one.


Petro has stated his intention to make a readjustment to the pension system through the creation of a public administrator of pension funds that will operate an "mixed and complimentary system" together with private funds.

According to the candidate in Colombia there no pension system. Instead, the system is based on bank profits. Many believe that Petro would eliminate any chance of his assuming the Presidency. Petro has stated that he would not eliminate pensions, but he would seek pension reform to ensure that Colombians have a minimum pension. Petro also stated that it is not necessary to increase the age at which pensioners can retire.

(Who are on the list of Historic Pact's possible candidates).

Another controversy concerning him is the fact that he repeatedly promises that he will stop oil extraction when he assumes the helm. This situation has caused uncertainty among investors as well as the market.

Experts estimate that Petro's plan to stop exploration for oil would cost Colombia about $4.3 billion.

I also propose to create an anti-oil front within the region, and around the world. This will help move the economy away form fossil fuels. To https://www.pulzo.com/noticias/gustavo-petro would like to invite Gabriel Boric (the new Chilean president) and LuizInacio Lula da Silva (the Brazilian LuizInacio Lula da Silva) as well as other.

Petro claimed that he was speaking with Pedro Sanchez (the Prime Minister of Spain) regarding his idea.

His position on healthcare issues is also controversial. He insists on ending EPS, and replacing it by an preventive model of healthcare that "guarantees individuals' rights and not bankers' profit."

https://www.camara.gov.co/gustavo-petro-urrego cast doubt on the independence of Banco de la Republica. He also announced that he would make reforms in the event he became the president.

Petro claimed that the Bank Board of Directors of the Bank belonged to the Democratic Center, a political party. "What we seek is a truly independent Bank of the Republic (...) and it appears to us key that the board of Directors has the presence of the community," the candidate said during the debate.

(Petro leads voting intention in the presidential elections, according to Invamer).

https://www.bluradio.com/noticias/gustavo-petro of issuing funds to finance government expenditure was also controversial.

Petro's recommendations include an economy that is not dependent on fossil fuels, extraction of hydrocarbons and mining. https://www.eluniversal.com.co/temas/-/meta/gustavo-petro plays a bigger role.

It is also mentioned that he would make a tax reform that eliminates exemptions and the transformation of the idea of minimum wage to a real-time wage based on capital and income.

Read More: https://www.camara.gov.co/gustavo-petro-urrego