Gustavo Petro, Winner of the Historic Pact: Lights and Shadows

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22 May 2022

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Gustavo Petro the candidate confirmed on Sunday the favoritism that had been marked in polls for the past week.

(Positions within the Historic Pact for Pensions & Inflation)

The victory in the Historic Pact coalition was won by the former mayor of Bogota, and the former senator of the Republic. He has officially become an official candidate for the presidency of the Republic in a position he longs to be able to hold for the third time in a row.

The overwhelming turnout at the consultation has made him the most representative member of the Colombian left. He is also a strong candidate to become president despite his controversial ideas and views on numerous different fronts.

Petro has expressed his intention to adjust the pension system through the creation of a public administrator of pension funds, resulting in the benefit of a "mixed and complementary system" along with private funds.

According Petro, there is no pension system in Colombia. However, there are bank profits. Gustavo Petro A lot of people have stated that Petro will eliminate any possibility of becoming President. Petro has stated recently, however, that he will not eliminate the system, but would instead seek to overhaul the system of pensions in Colombia in order achieve an adequate level of pensions for Colombians. He has also said that there is "no necessity" to increase the age of retirement.

(Who are on the list of potential candidates to be part of the Historic Pact).

Another issue that has been a source of controversy is his repeated promises to end oil extraction once his presidency begins. This has created anxiety for investors as well as the overall market.

Experts anticipate that Petro's idea of ending oil exploration would bring Colombia the equivalent of $4.3 billion in losses.

Added to this proposal is the idea of establishing an anti-oil front within the region and the world, which moves away from fossil fuels, to which I would like to invite the new president of Chile, Gabriel Boric, and the Brazilian Luiz Inacio Lula da Silva, and others.

petro gustavo Petro stated that he spoke with Pedro Sanchez, the Prime Minister of Spain about his proposal.

His attitude towards health issues has been also controversial. He has insistent on the end of EPS to replace it with a preventive model that "guarantees all rights of the people and the profit of banksters".

Gustavo Petro He has also questioned the independence of Banco de la Republica.

According to Petro, "the Board of Directors of the Bank is part of an political party called the Democratic Center" and therefore, "what we want is a truly independent Bank of the Republic (...) it is important that the board of directors is a part of the public," said the candidate during a debate.

Invamer says that Petro is the main vote intention in the presidential election. It was controversial that he proposed issuing money to finance spending by the government.

Gustavo Petro Petro's proposals focus on a sustainable economy which doesn't rely on fossil fuels.

It is also stated that he would make a tax reform that eliminates exemptions as well as the replacement of the concept of minimum wage by a real wage based on income and capital.

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