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

( https://nuso.org/articulo/caso-gustavo-petro-flagrant-system-error/ for candidates to be included in the Historic Pact of Pensions and Inclusiveness).

In the end, the former Bogota mayor Bogota and former senator of the Republic was able to secure the victory of the Historic Pact coalition and officially becomes a candidate for presidency of the Republic the United States, a position that he hopes to attain three times.

The high vote in the consultation leads to him being the most representative persona of the Colombian left and a solid candidate for president, despite his controversial proposals and opinions on various fronts, including the economic one.

Petro has announced his desire to change pensions through the creation of a public administrator for pension funds, resulting in a "mixed and complementing system" in conjunction with private funds.

The candidate has stated that in Colombia "we do not have pensions, we have a system of bank profits," so many claim that he will end the possibility of achieving the presidency. However, Petro recently said that the government would not end pensions but would pursue reforms to pensions to ensure a minimum pension for Colombians. He also stated that there was no need to raise the age of retirement.

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

Another controversial issue is the fact that he's repeatedly stated that he'll stop extraction of oil by the time he takes office. gustavo petro is an issue that has created uncertainty for investors.

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

http://www.secretariasenado.gov.co/senadores/53-senadores-2018-2022... am also proposing to set up an anti-oil front within the region, and across the globe. This would help shift the economy away from fossil fuels. To this I am inviting Gabriel Boric (the new Chilean president) and LuizInacio Lula da Silva (the Brazilian LuizInacio Lula da Silva) and others.

Petro said he had spoken to Pedro Sanchez, the Prime Minister of Spain regarding his idea.

His attitude on health issues has also been controversial since he has argued on ending EPS and replacing it with a proactive health model that "guarantees the rights of people instead of the profits of bankers".


The president also raised doubts about the legitimacy and independence of the Banco de la Republica.

Petro stated that the Bank Board of Directors belongs to the Democratic Center. Accordingly, https://www.semana.com/semana-tv/vicky-en-semana/articulo/me-preocu... in the middle of a debate said "What do we really want? An independently run Bank of the Republic (...) It's to me crucial that the Board of Directors is a part of the society."

Invamer reports that Petro is leading in terms of voting intentions for the presidential elections.

His plan to issue cash to fund the government's spending was a source of controversy.

Petro's plans include an economic model that isn't dependent on fossil fuels. https://www.camara.gov.co/gustavo-petro-urrego includes the extraction of hydrocarbons. However, Petro places more emphasis on agriculture.

It is also highlighted that he will propose an amendment to the tax code that removes exemptions, and transforms the idea of minimum wage to a real-time wage based on capital and income.