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

Gustavo Petro the candidate confirmed on Sunday that he was the beneficiary who was spotted in polls for the past week.

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

In the end, the former Bogota mayor Bogota and former senator of the Republic managed to win the victory within the Historic Pact coalition and officially becomes a candidate for the Presidency of the Republic the United States, a position to which he is aspiring three times.

He is the most representative figure in Colombian left, and is a credible potential presidential candidate despite his controversial views and ideas on numerous areas, including the economic.

Petro has announced that he will alter the pension scheme through the creation of a public manager of pension funds. This would allow for an "mixed system" that includes both public and private funds.

According to the candidate the country of Colombia there is no pension system. Instead the system is built on bank profits. Many believe Petro will eliminate the possibility of him assuming the Presidency. Petro recently stated, however, that he wouldn't abolish them, but would seek to improve the pension system in Colombia in order achieve an adequate level of pension for Colombians. Petro also said that it was not necessary to increase the retirement age.

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

Another thing that has been criticized concerning him is the fact that he frequently promises that he will cease oil extraction once he takes his office. This has created anxiety among investors as well in the market.

Experts say Petro's idea of ending oil exploration would be devastating for Colombia which would cost Colombia $4.3 trillion.

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

Petro said he's talked to Pedro Sanchez, the Prime Minister of Spain about his proposal.

His attitude towards health issues has been also controversial. petro gustavo has insistent on eliminating EPS in order to replace it with a preventive system that "guarantees all rights of people, not the profits of banksters".

He has also question the legitimacy of Banco de la Republica.

Petro said that the Bank Board of Directors belongs to the Democratic Center. Accordingly, the candidate in the middle of a discussion stated "What do we want? A truly independently run Bank of the Republic (...) is to me that it is essential that the board of director has the support of the society."

Invamer informs us that Petro is the leader in the voting plans for the presidential elections.

The idea of creating money to finance 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 said that he would pursue a tax reform to eliminate exemptions and change the minimum wage concept into a real wage dependent on capital and income.

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