Gustavo Petro wins the Historic Pact for Lights and Shadows

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06 May 2022

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Gustavo Petro , Candidate for the presidency, confirmed on Sunday the advantages that have been evident in polls over the past several weeks.

(Positions of the candidates (Positions of candidates Historic Pact to Pensions and Inflation).

By far, the former Bogota mayor Bogota and former senator of the Republic was able to secure the victory within the Historic Pact coalition and officially becomes a candidate for the Presidency of the Republic which is a post to which he aspires three times.

His strong vote at the meeting is the most representative of the Colombian Left and is a strong potential presidential candidate despite his controversial ideas and proposals on multiple fronts, including the economic one.

Petro has stated that he plans to alter the pension system via the establishment of a public administrator for pension funds. Petro also plans to develop a system which can be "mixed-and-complementary" with private funds.

The candidate stated that Colombia doesn't have a retirement system, but rather the system is designed to make bank profits. Many believe this would stop him from becoming President. However, Petro recently said that the government would not end pensions however, he would like to reform the pension system to achieve a minimum pension for Colombians. Petro said that there is "no requirement" to increase the age of retirement.

(Who comprise the list of candidates for the Historic Pact).

Another controversy concerning him is the fact the fact that he has repeatedly stated that he will cease the extraction of oil once he comes into office. has caused uncertainty among investors as well as the market.

Experts predict that Petro's proposal end to exploration for oil would cost Colombia an estimated $4.3 billion in losses.

This plan includes the establishment of an anti-oil front both in the region and the world that moves the economy away from fossil fuels. gustavo petro would invite Gabriel Boric to Chile and LuizInacio Lula de Silva to join me.

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

His views on health are as well controversial. gustavo petro has called for the end of EPS and has replaced it with the concept of preventive medical care that "guarantees human rights and not the profit margins of bankers." raised questions about the legitimacy and independence of the Banco de la Republica.

Petro declared 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 independently run Bank of the Republic (...) It seems to me essential that the board of directors has the support of the Society."

Invamer asserts that Petro is the president's choice for in voting intentions. to issue money in order to finance government spending was controversial.

Petro's suggestions include an economy that isn't dependent on fossil fuels, extraction of hydrocarbons as well as mining. Agriculture plays a larger importance.

He could also implement an overhaul to the tax code that removes exemptions, and transforms the concept of minimum wages by real wages that are based on income or capital.

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