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Gustavo Petro won the Historic Pact with Lights and Shadows
Gustavo Petro the candidate confirmed on Sunday the favoritism which was evident in polls for several week.

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

Ex-senator of the Republic and former mayor in Bogota has won the victory in the Historic Pact coalition. Officially as of now, he's an aspirant to the presidency which he hopes to win three times.

The high percentage of votes he received at the meeting makes him the most representative of the Colombian Left and is a strong presidential candidate, despite his controversial ideas and proposals on multiple fronts, such as the economic one.

Petro stated his intent to make a change to the pension system through the creation of a public administrator for pension funds. Petro is also planning to develop a system which is "mixed-and-complementary" and private fund.

He said that Colombia is not a pension system, but instead a system that is based on bank profit. This is what many believe would make him the most likely candidate to win the Presidency. Gustavo Petro Petro recently stated that he would not eliminate the system, but he would call for reforms to pensions in order to ensure an income that is minimum for Colombians. Petro said that there is "no requirement" to increase the age of retirement.

(Who compose the Historic Pact candidates list?

Another controversy about him is the fact that he has repeatedly stated that he will end the extraction of oil once he comes into the helm. This situation has caused uncertainty among investors as well as the market.

Experts estimate that Petro's plans to stop oil exploration could cost Colombia approximately $4.3 billion.

petro gustavo This proposal also includes the formation of an anti-oil front across the region as well as all over the world that will help move the economy away from fossil energy sources. I would invite Gabriel Boric, the new Chilean president, and Luiz Inacio Lula Da Silva, Luiz Inacio Lula Da Silva, the Brazilian vice president.

gustavo petro Petro claimed that he's spoken with Pedro Sanchez, the Prime Minster of Spain, about his idea.

His views on health have been controversial as he insists on ending EPS and replacing the model with a preventive care model that "guarantees individuals' rights, not bankers' profits".

He also has questioned the legitimacy of Banco de la Republica.

Petro claimed that the Bank Board of Directors of the Bank was part of the Democratic Center, a political party. "What we want, however, is an independent Bank of the Republic (...) and it is to us essential that the board of Directors is represented by the community," the candidate said during the debate.

Invamer reports that Petro is the top candidate in terms of voting intentions for the presidential election. Also controversial was his idea to issue cash to fund the government's expenditures.

Petro's proposals are focused on a sustainable economic system that doesn't depend on fossil fuels. He also proposes an overhaul of the tax system that would eliminate exemptions, and transforms the idea of minimum wage by real wages based on income or capital.

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