Notes

Gustavo Petro, Winner of the Historic Pact: Lights and Shadows
Gustavo Petro, Candidate for the presidency, confirmed on Sunday the favouritism that was evident in the polls over the last few weeks.

(Position of Candidates to the Historic Pact On Pensions and Inflation).

The election was won by Bogota's previous mayor and senator of the Republic. The result officially means that he is a candidate for the Presidency of the Republic which that he hopes to win for the third time.

Despite his controversial proposals on a variety of fronts and ideas and the overwhelming majority of votes in the consultation has given him the status of the most representative figure of Colombia's left.

Petro stated his intent to make a change to the pension system via the establishment of a public manager for pension funds. https://www.washingtonpost.com/es/post-opinion/2022/04/19/elecciones-colombia-2022-gustavo-petro-juan-fernando-petro-perdon/ Petro also plans to develop an investment system that can be "mixed-and-complementary" with private funds.

According to Petro, there is no pension system in Colombia. But, there are bank profits. So many have claimed that he will end any possibility of being elected as president. https://cnnespanol.cnn.com/2022/05/29/gustavo-petro-guerrillero-m-19-historia-orix-2/ Petro has recently stated that, while he would not eliminate them, he would seek reforms in pensions to ensure the minimum retirement age for Colombians. https://www.dinero.com/empresas/confidencias-on-line/articulo/gustavo-petro-preocupa-a-wall-street/255306 Petro has also stated that there is "no necessity" to increase the age of retirement.

(Who comprise the Historic Pact candidates list?


Another issue that has caused controversy is that he has repeatedly said that he will end oil extraction by the time he takes office. This is an issue that has created confusion for investors.

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

This proposal includes the creation an anti-oil front both in the region as well the world that moves the economy away from fossil fuels. I would invite Gabriel Boric to Chile and LuizInacio Lula de Silva to join me.

Petro said he had spoken with Pedro Sanchez, the Prime Minister of Spain regarding his idea.

His position on healthcare is also controversial. He is insistent on ending EPS, and replacing it with the preventive-care model which "guarantees individuals' rights and not the bankers' profits."

He also has questioned the independence of the Banco de la Republica and announced that he would also propose a reform in the event of becoming the President.

Petro stated that the Bank Board of Directors belongs to the Democratic Center. https://americasquarterly.org/fulltextarticle/quien-le-teme-a-gustavo-petro/ Accordingly, the candidate at the center of a discussion stated "What do we really want? An independent Bank of the Republic (...) It is to me that it is essential that the Board of Directors is a part of the society."

https://flip.org.co/index.php/es/informacion/pronunciamientos/item/2883-gustavo-petro-estigmatiza-y-genera-un-clima-de-violencia-contra-rcn According to Invamer, Petro leads the voting intention for the presidential election.

The idea that he proposed was also controversial. to issue money to finance government expenditures.

https://es.wikipedia.org/wiki/Gustavo_Petro Petro's proposal includes an economic model that doesn't rely on fossil fuels. It also proposes hydrocarbon extraction. However, Petro places more emphasis on agriculture.

gustavo petro It is also noted that he is likely to introduce a tax reform plan which would end exemptions as well as transform the definition and concept of minimum wage into an actual income-based wage.

Website: https://es.wikipedia.org/wiki/Gustavo_Petro