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Gustavo Petro won the Historic Pact with the help of Lights and Shadows
Gustavo Petro was confirmed as the candidate on Sunday. He has been marking the election for a few weeks, displaying favoritism.

(Positions in the Historic Pact for Pensions & Inflation)

Ex-senator of the Republic and former mayor of Bogota was able to secure the victory with the Historic Pact coalition. Officially as of now, he's an aspirant to the presidency and hopes to win three times.

He's the most representative of the Colombian left and is a strong potential presidential candidate, despite his controversial ideas and plans on a variety of aspects, including economic.

Petro has expressed his desire to adjust the pension system by creating the position of a public administrator to oversee pension funds. This will allow Petro to mix private and public funds into an "mixed complementar system." The candidate said that Colombia doesn't have a retirement system, but instead a system that makes bank profits. Many believe that this would stop his from being President. Petro declared recently that he would not eliminate the system, but he will pursue pension reform to ensure that Colombians have a minimum pension. Petro also stated that it is not necessary to raise the age at which pensioners can retire.

(Who are on the list of potential candidates for the Historic Pact).

Another issue that has caused controversy is that he has repeatedly promised that he would stop oil extraction the day the day he assumes office as President, a situation that has created uncertainty for investors and the market as a whole.

Experts anticipate that Petro's idea of ending oil exploration would bring Colombia an estimated $4.3 billion in loss.

In addition to this, the proposal is the idea of establishing an anti-oil movement in the region and around the world that will move away from fossil fuels, to which I would invite the president-elect of Chile, Gabriel Boric, as well as the Brazilian Luiz Inacio Lula da Silva, among other people.

Petro claimed that he had talked to Pedro Sanchez, Spain's Prime Minister, regarding his idea.

His views on health have been controversial as he is insistent on ending EPS and replacing it with a preventive health model that "guarantees the rights of people, not bankers' profits".

He has also raised questions about the independence of the Banco de la Republica and declared that he will make a reform in the event of becoming the President. Petro claimed that the Bank Board of Directors belonged to the Democratic Center and "What we need is an independent Bank of the Republic (...) it's important that the board of directors has the presence of the society," the candidate stated during the debate.

Invamer says Petro is the president's choice for decision to vote.

His idea of issuing cash to fund spending by the government was also controversial.

Petro's suggestions include an economy that isn't dependent on fossil fuels, the extraction of hydrocarbons and mining. petro gustavo Agriculture plays a larger part to play. He also said that he will implement an overhaul of the tax system to remove exemptions, and to transform the concept of minimum wage into a wage that is built on capital and income.

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