Gustavo Petro wins the Historic Pact for Lights and Shadows

Gustavo Petro, Candidate for the Presidency, confirmed Sunday the favoritism that has been evident in polls over the last few weeks.

(Position of Candidates to the Historic Pact On Pensions and Inflation).

Ex-senator of the Republic and former mayor in Bogota has won the victory with the Historic Pact coalition. Officially the former mayor is now running for the presidency which he hopes to achieve for the third time.

Despite his controversial proposals on various fronts and ideas, the high voting during the consultation has made him the most representative persona of Colombia's left.

Petro declared his intention to reform the pension system through the creation of the position of a public administrator to oversee pension funds. This would allow Petro to mix the public and private funds to create a "mixed and complementary system."

He stated that Colombia has no pension system, but instead a system that is based on bank profit. This is the reason that many believe would make him the most likely candidate to become the Presidency. Petro has recently said that he will not eliminate pensions, but would try to reform the pension system in Colombia in order achieve a minimum level of pensions for Colombians. He said "no need" for an increase in the pension age.

(Who comprise the list of Historic Pact's possible candidates).

Another controversial issue is his repeated vows to stop the extraction of oil when he becomes President. This has led to uncertainty for investors as well as the overall market.

https://www.elcolombiano.com/colombia/politica/petro-dice-que-en-su-gobierno-si-extraditaria-a-piedad-cordoba-NF17568612 Experts say Petro's idea of ending oil exploration would be devastating for Colombia, costing Colombia $4.3 trillion.

This plan includes the establishment of an anti-oil force in the region and the world that moves the economy away fro fossil fuels. I would like to invite Gabriel Boric to Chile and LuizInacio Lula de Silva to join me.

https://www.eltiempo.com/bogota/luis-ernesto-gomez-reacciones-por-su-llegada-a-campana-de-gustavo-petro-674840 https://americasquarterly.org/fulltextarticle/quien-le-teme-a-gustavo-petro/ Petro claimed that he'd talked to Pedro Sanchez, Spain's Prime Minister, in recent times about his plan.

His health policy has been controversial as he is insistent on ending EPS and replacing it with a preventive model that "guarantees individuals' rights, not bankers' profits".

petro gustavo He also has questioned the independence of Banco de la Republica.

https://www.dinero.com/empresas/confidencias-on-line/articulo/gustavo-petro-preocupa-a-wall-street/255306 According to Petro, "the Board of Directors of the Bank is part of a political party, the Democratic Center" and therefore, "what we want is a truly independent Bank of the Republic (...) it seems to me crucial that the Board of Directors is a part of the public," said the candidate in the middle of the debate.

https://www.infobae.com/america/colombia/2022/05/24/por-que-alvaro-uribe-le-dio-las-gracias-a-gustavo-petro/ Invamer claims that Petro is the main voter's intention to vote in the presidential election.

The idea of releasing money for government spending was also controversial.

Petro's ideas include a non-reliant economy, mining and extraction of hydrocarbons, as well as a stronger agricultural role.



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