Gustavo Petro won the Historic Pact with the help of Lights and Shadows

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24 May 2022

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The candidate Gustavo Petro confirmed on Sunday the favoritism the polls had been highlighting for several weeks. (Positions of those who are candidates for the Historic Pact to Pensions and Inflation).

The former mayor of Bogota as well as former senator of Republic was the winner of the Historic Pact alliance and officially was elected to the presidency of the Republic, a post he has aspired to since the beginning of the third year.

The large majority of votes during the consultation makes him to be the most representative of the figures of the Colombian left, and is a firm candidate to be president despite his controversial ideas and opinions on various areas, including the one on economics. Petro has stated that he plans to alter the pension scheme by creating the public manager of pension funds. This would enable an "mixed system" of public and private funds.

According Petro, there is no system of pensions in Colombia. However there are bank profits. A lot of people have stated that Petro will eliminate any possibility of being elected President. Petro recently said that while he would not eliminate them but he would pursue reforms regarding pensions in order to guarantee the minimum retirement age for Colombians. Petro also has said there's "no need" to raise the age of retirement.

(Who comprise the list of contenders for the Historic Pact). Another issue that has been a source of controversy is his repeated promises to stop the extraction of oil when the time comes for him to become President. This has led to anxiety for investors as well as the general market.

Experts estimate that Petro’s proposal to end exploration of oil in Colombia could result in a bill of around $4.3 billion.

This proposal also includes the establishment of an anti-oil force throughout the region and around the globe, which helps move the economy away fossil fuels. gustavo petro I would like to invite Gabriel Boric, the new Chilean president, as well as Luiz Inacio Lula Da Silva, the Brazilian vice president.

Petro said Petro was in conversation with Pedro Sanchez (the Prime Minister of Spain) regarding his idea.

His position on health issues has been controversial as well since he has argued on ending EPS and replacing it with a proactive care model that "guarantees the rights of the people and not the profit of bankers". Gustavo Petro He also questioned the independence of Banco de la Republica, and stated that he would revamp the institution in the event of becoming president.

Petro said that the Bank Board of Directors of the Bank was part of the Democratic Center, a political party. "What we would like, however, is a truly independent Bank of the Republic (...) and it is to us key that the board of Directors has the presence of the entire community," the candidate said in the middle of the debate.

gustavo petro Invamer asserts that Petro leads the presidential election in voting intentions.

His idea to issue cash to fund government expenditures was not without controversy.

Petro's recommendations include an economy that is not dependent on fossil fuels, the extraction of hydrocarbons and mining. Agriculture has a greater importance. It is also mentioned that he is likely to introduce a tax reform plan that would eliminate exemptions and transform the definition and concept of minimum wage into a real income-based wage.

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