Gustavo Petro was confirmed as the Candidate on Sunday. He has been going through the polls for several weeks with favoritism.

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

The victory of the Historic Pact coalition was won by the former mayor of Bogota, and the former senator of the Republic. He has officially become the candidate for President of Republic, which is the position he has always wanted to attain for the third consecutive time.

gustavo petro The large vote in the consultation made him the most representative representative of the Colombian left. gustavo petro He's an excellent potential presidential candidate despite his controversial opinions and views on numerous fronts.

Petro declared his intention to reform the pension system with the establishment of a public administrator of the pension funds. The pension system is expected to be "mixed" and will complement the private fund.

He also stated that Colombia is not a pension system, but rather a system of bank profit. This is the reason that people believe makes him the most likely choice for the President. Petro has stated recently that he wouldn't abolish pensions, but would try to reform the pension system in Colombia in order achieve a minimum level of pension for Colombians. https://caracol.com.co/tag/gustavo_francisco_petro_urrego/a/ Gustavo Petro Petro has also stated that there is "no necessity" to raise the age of retirement.

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

Another issue that has caused controversy is that he has repeatedly said that he will end oil extraction by the time he takes office. This is an issue that has created confusion among investors.

Experts anticipate that Petro's idea of end to exploration for oil would cost Colombia an estimated $4.3 billion in losses.

Added to this proposal is the creation of an anti-oil front in the region and around the world that will move away from fossil fuels to which I would invite the president-elect of Chile, Gabriel Boric, as well as the Brazilian Luiz Inacio Lula da Silva, and others.

Petro claimed that he's talked to Pedro Sanchez, the Prime Minister of Spain, about his idea.

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

There were also questions raised regarding the legitimacy and independence of the Banco de la Republica.

Petro said that the Bank Board of Directors belongs to the Democratic Center. Accordingly, the candidate at the center of a discussion said "What do we need? An independent Bank of the Republic (...) It seems to me that it is essential that the board of director has the support of the society."

According to Invamer, Petro leads the voting intention for the presidential election.

Gustavo Petro The idea of releasing cash to fund spending by the government was also controversial.


One of the main elements of Petro's plans is an economy that doesn't depend on fossil fuels, mining, or extraction of hydrocarbons, and increasing importance to agriculture.

It is also mentioned that he will introduce a tax reform that would eliminate exemptions and change minimum wage concepts into real wages based on the income and capital.