Lights and Shadows by Gustavo Petro Winner of the Historic Pact

Gustavo Petro was confirmed as the Candidate on Sunday. Petro has been attending the polls for several weeks, displaying favoritism.

(Positions within the Historic Pact for Pensions & Inflation)

By far, the former mayor of Bogota and former senator of the Republic was able to secure the victory in the Historic Pact coalition and officially becomes a candidate for the presidency of the Republic the United States, a position that he hopes to attain for the third time.

His strong vote at the consultation makes him the most representative of the Colombian Left and a solid candidate for the presidency, despite his controversial ideas and proposals across multiple fronts, including the economic one.

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

Gustavo Petro The candidate said that Colombia doesn't have a retirement system, but instead an institution that generates bank profits. Many believe that this will prevent the candidate from becoming president. Petro has stated recently that he wouldn't abolish the system, but would instead seek to overhaul the system of pensions in Colombia, in order to achieve a minimum level of pension for Colombians. petro gustavo Petro said, however, that it wasn't necessary to increase the age of retirement.

(Who constitutes the Historic Pact candidate list).

Another issue that is controversial concerning him is the fact the fact that he has repeatedly stated that he will cease oil extraction when he assumes the helm. https://cnnespanol.cnn.com/2022/05/29/gustavo-petro-guerrillero-m-19-historia-orix-2/ This has created confusion among investors as as the market.

https://www.eltiempo.com/bogota/luis-ernesto-gomez-reacciones-por-su-llegada-a-campana-de-gustavo-petro-674840 The experts estimate that Petro's proposal to stop exploration for oil would cost Colombia about $4.3 billion.

gustavo petro Added to this proposal is the creation of an anti-oil front within the region and around the world, which moves the economy away from fossil fuels to which I would invite the new president of Chile, Gabriel Boric, as well as the Brazilian Luiz Inacio Lula da Silva, and other people.

Petro stated that he spoke to Pedro Sanchez, the Prime Minister of Spain about his suggestion.


His views on health are as well controversial. He has called for the removal of EPS and replaced it with an approach to preventive medical care that "guarantees the rights of individuals, not the profit margins of bankers."

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

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 important to ensure that the board is a part of society," said the candidate, in the middle of an argument.

Invamer says Petro is the president's choice for in voting intentions.

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

The main pillars of Petro's plan are an economy that doesn't depend on fossil fuels, mining, or hydrocarbon extraction, with more importance in agriculture.

It is also mentioned that he will bring about a tax change that would remove exemptions and change minimum wage concepts into actual wages that are based upon income and capital.