Gustavo Petro won the Historic Pact with Lights and Shadows

The candidate Gustavo Petro confirmed on Sunday the favoritism the polls had been marking for several weeks.

(Positions in the Historic Pact for Pensions & Inflation)

The election was won by Bogota's previous senator and mayor of the Republic. This means that he is a candidate for the Presidency of the Republic, an office he aspirates to for the 3rd time.

The high vote in the consultation leads to him being the most representative figure of the Colombian left and a firm candidate to be president, despite his controversial proposals and views on a variety of fronts, including the one on economics.

Petro has announced that he will alter the pension scheme by creating a public manager of pension funds. Gustavo Petro This would allow for the creation of a "mixed system" of private and public funds. The candidate stated that Colombia doesn't have a retirement system, but instead the system is designed to make bank profits. Many believe this would stop him from becoming President. Petro said recently that he will not abolish pensions, but he would seek pension reform to ensure that Colombians get a minimum pension. He stated, however, that it was not necessary to raise the age of retirement.

(Who constitutes the Historic Pact candidate list).

Another issue that has caused controversy is that he has repeatedly promised that he would end oil extraction when the day he assumes office as President. This has caused uncertainty among investors and the market in general.

Experts estimate that Petro's proposal to cease oil exploration in Colombia will result in a cost of approximately $4.3 billion.

Gustavo Petro Additionally, this proposal would create an antioil front in the region and the globe that shifts the focus of our economy away from fossil fuels. To accomplish this I'd like to invite Gabriel Boric the Chilean president and LuizInacio Lula Silva, the Brazilian president.

Petro claimed that Petro was in conversation with Pedro Sanchez (the Prime Minister of Spain) about his plan.

His position on healthcare is also controversial. He wants to end EPS and replacing it with a preventive-care model that "guarantees the rights of individuals and not bankers' profit."

He also questioned the independence of Banco de la Republica, and announced that he will also change the institution should he becoming President.

petro gustavo Petro asserts that the Bank's Board of Directors is part of a political organization known as the Democratic Center. Therefore, Petro declares, "What we want" is an independent Bank of the Republic (...). The candidate made that in the middle of an argument.

Gustavo Petro Invamer states that Petro is the main voting intention for the presidential election.

The idea of releasing cash to fund government spending was also controversial.

Petro's ideas include an economy that is not dependent on mining and extraction of hydrocarbons, in addition to a more prominent role for agriculture.

He also proposes an overhaul of the tax system that would eliminate exemptions, and changes the concept of minimum wages to real wages that are based on capital or income.

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