Humphrey Dyer

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

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

(Positions in the Historic Pact for Pensions & Inflation)

The former mayor of Bogota and former senator of the Republic was the winner of the Historic Pact alliance and officially declared himself a candidate for the presidency for the Republic which he has aspired to since the beginning of the third year. at the meeting will make him the most representative of the Colombian Left and is a strong presidential candidate, despite controversial proposals and ideas on multiple fronts, like the one on economics.

Petro has announced his desire to change the pension system by the establishment of a public administrator of pension funds, resulting in an "mixed and complimentary system" in conjunction with private funds.

As per the candidate, according to the candidate, in Colombia there no pension system. Instead the system is built on bank profits. Many claim that Petro would eliminate any chance of his assuming the President. Petro recently stated that although he wouldn't eliminate them however, he will seek to make changes in pensions to ensure a minimum retirement age for Colombians. Petro also stated that it's not necessary to increase the pension age.

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

Another topic of contention is the fact that he's repeatedly said that he would cease oil extraction as soon as the day he takes office. petro gustavo has led to confusion among investors and the market generally.

Experts predict that Petro's proposal stopping exploration of oil could cost Colombia the equivalent of $4.3 billion in losses.

petro gustavo includes the creation an anti-oil front both in the region as well the world , which will move the economy away fro fossil fuels. I would like to invite Gabriel Boric to Chile and LuizInacio Lula de Silva to join me.

Petro said he's had a conversation with Pedro Sanchez, the Prime Minister of Spain regarding his plan.

His health policy has been controversial as he insists on ending EPS and replacing it with a preventive model that "guarantees individuals' rights, not the bankers' profits". challenged the independence of Banco de la Republica, and stated that he would also reform the institution in the event of being elected President.

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 an independent Bank of the Republic (...) it seems to me important that the board of directors has the presence of the public," said the candidate, in the middle of a debate.

(Petro has the highest percentage of votes in the presidential election (according to Invamer).

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

Petro's recommendations include an economy that isn't dependent on fossil fuels and the extraction of hydrocarbons, and mining. Agriculture plays a bigger part to play.

There is also a mention that he could introduce a tax reform which would end exemptions and change minimum wage concepts into real wages based on capital and income.

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