Gustavo Petro wins the Historic Pact for Lights and Shadows

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01 June 2022

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Candidate Gustavo Petro confirmed on Sunday the favoritism that the polls have been indicating for weeks.

(Position of candidates in the Historic Pact on Pensions and inflation).

Gustavo Petro Ex-senator of the Republic and ex-mayor in Bogota was able to secure the victory through the Historic Pact coalition. Officially, he is now a candidate to the Presidency, which he is hoping to get three times.

petro gustavo The overwhelming majority in the consultation leads him to be the most representative figure of the Colombian left and a solid candidate for president despite his controversial ideas and opinions on various fronts, not least the economic one.

Petro has said that he plans to alter the pension scheme by creating a public manager of pension funds. This will allow for an "mixed system" of private and public funds.

The candidate stated that Colombia does not have a retirement system, but instead an institution that generates bank profits. Many believe this will prevent his from being President. Petro recently said that while he wouldn't eliminate them but he would pursue reforms in pensions to guarantee an age of retirement for Colombians. petro gustavo Petro also said that there's no need to increase the age of retirement.

(Who are the candidates to be the candidates for the Historic Pact?

Another controversial issue is his repeated vows to stop oil extraction when the time comes for him to become President. This has caused anxiety for investors as well as the general market.

Experts predict that Petro's proposal ending oil exploration would bring Colombia the equivalent of $4.3 billion in loss.

I am also proposing to set up an anti-oil front within the region and across the globe. This would move the economy away from fossil fuels. To this, I invite Gabriel Boric (the new Chilean president) and LuizInacio Lula da Silva (the Brazilian LuizInacio Lula da Silva) and others.

Petro said he's talked to Pedro Sanchez, the Prime Minster of Spain regarding his plan.

His position on health issues is also controversial since he has argued on eliminating EPS and replacing it with a preventive model that "guarantees the rights of people and not the profits of bankers".

He has also questioned the legitimacy of the Banco de la Republica and announced that he would also make a reform when he becomes the President.

According to Petro, "the Board of Directors of the Bank belongs to a political group, the Democratic Center" and therefore, "what we want is an independent Bank of the Republic (...) it seems to me important that the board of directors has the support of the society," said the candidate during a debate. According to Invamer, Petro leads the voting intention for the presidential election.

The idea that he proposed was also controversial. of releasing money to fund the government's expenditures.

gustavo petro Among the pillars of Petro's plan are an economy that doesn't depend on fossil fuels, mining or hydrocarbon extraction, with more importance in agriculture.

He would also make an overhaul of the tax system that would eliminate exemptions, and transforms the idea of minimum wage by real wages that are based on capital or income. Gustavo Petro