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Gustavo Petro's Lights and Shadows, the winner of The Historic Pact
Gustavo Petro was confirmed as the Candidate on Sunday. He has been going through the elections for several weeks and has been favored.

(Positions within the Historic Pact for Pensions & Inflation)

Ex-senator of the Republic and ex-mayor in Bogota was able to secure the victory in the Historic Pact coalition. petro gustavo Officially as of now, he's an aspirant to the presidency which he hopes to achieve three times.

The large vote in the consultation has made him the most representative member of the Colombian left. gustavo petro He's also a strong potential presidential candidate, despite his controversial suggestions and views on numerous areas.

Petro declared his intention to overhaul the pension system by the creation of a public administrator for the pension funds. The pension system will be "mixed" and complement the private funds.

He stated that Colombia has no pension system but instead a system that is based on bank profits. This is the reason that many believe would make Petro the most likely candidate to win the Presidency. Petro has recently said, however, that he will not eliminate them, but would seek to overhaul the system of pensions in Colombia in order achieve a minimum level of pensions for Colombians. He also said there was "no requirement" for an increase in the pension age.

(Who make up the list of candidates for the Historic Pact). Another issue that has caused controversy is that he has repeatedly stated that he would stop extraction of oil the moment he takes office as President. This has created uncertainty for investors as well as the market as a whole.

Experts believe that Petro's plan of putting an end to oil exploration could be devastating for Colombia and cost Colombia $4.3 trillion.

In addition, this proposal will create an antioil front in the world and in the region that would shift the focus of our economy away from fossil fuels. To accomplish this, I would invite Gabriel Boric the Chilean president and LuizInacio Lula Silva, the Brazilian president.

Petro claimed that he had met with Pedro Sanchez, Spain's Prime Minister, recently regarding his idea. His position on health concerns has been controversial as well, as he has insisted on the end of EPS and replacing it with a preventive health model that "guarantees the rights of the people and not the profits of bankers".

He also raised doubts about the independence of Banco de la Republica. He stated that he would make reforms in the event he became President.

Petro stated that the Bank Board of Directors belongs to the Democratic Center. Accordingly, the candidate at the center of a discussion stated "What do we need? An independent Bank of the Republic (...) It's to me crucial that the board of directors has the presence of the Society." According to Invamer, Petro leads the voting intention for the presidential election. Also controversial was his idea of releasing money to fund government expenses.

Petro's plans include an economy that isn't dependent, mining and extraction of hydrocarbons and a greater role for agriculture.

It is also mentioned that he would bring about a tax change that would eliminate exemptions and change minimum wage concepts into real wages that are based upon the income and capital.

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