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

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19 May 2022

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Gustavo Petro was confirmed as the candidate on Sunday. has been marking the election for a few weeks with favoritism.

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

The victory was won by Bogota's previous mayor and senator of the Republic. This officially qualifies him for the presidency of the Republic which he aspirates to for the third time. of votes during the consultation makes him to be the most representative persona of the Colombian left and a strong candidate for president despite his controversial plans and ideas on several fronts, including the economic one.

Petro has said that he plans to alter the pension system by establishing a public manager of pension funds. This would enable an "mixed system" of public and private funds.

He stated that Colombia has no pension system, but rather a system of bank profit. This is what people believe makes him the most likely candidate to win the Presidency. Petro recently said that while the pension system would not be eliminated, he would seek reforms in pensions to guarantee an age of retirement for Colombians. He said "no need" for an increase in the pension age.

(Who comprise the Historic Pact candidates list?

Another controversial issue is that he has repeatedly said that he would cease extraction of oil when he assumes office. This has led to anxiety among investors and also the market in general.

Experts anticipate that Petro's idea of ending oil exploration would bring Colombia the equivalent of $4.3 billion in loss. includes the creation an anti-oil front both in the region and all over the world to shift the economy away from fossil fuels. I would like to invite Gabriel Boric to Chile and LuizInacio Lula de Silva to join me.

Petro claimed that the two of them were talking to Pedro Sanchez (the Prime Minister of Spain) about his proposal.

His position on health issues has been also controversial. He is insistent on eliminating EPS and replacing it with a preventive system which "guarantees both the rights of individuals and not the financial gains of bankers".

He also questioned the autonomy of Banco de la Republica, and declared that he would also change the institution in the event of becoming President. FRANCISCO PETRO URREGO.pdf claimed that the Bank Board of Directors belonged to the Democratic Center and "What we would like is an independent Bank of the Republic (...) it seems crucial that the Board of Directors is a part of society members," the candidate stated during an argument.

Invamer claims that Petro is in charge of the vote intention in the presidential elections.

Also controversial was his idea of releasing money to fund the government's expenses.

The main pillars of Petro's plans is an economy that does not depend on fossil fuels, mining or extraction of hydrocarbons, and greater importance for agriculture.

There is also a mention that he will bring about a tax change which would end exemptions and transform the concept of minimum wage into real wages based on income and capital.