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

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

Candidate Gustavo Petro confirmed on Sunday the favoritism the polls have been indicating for several weeks.

(Positions for those who wish to join be included in the Historic Pact of Pensions and Inclusiveness). Former senator of the Republic and ex-mayor in Bogota managed to win the victory through the Historic Pact coalition. Officially the former mayor is now an aspirant to the presidency, which he is hoping to get three times.

Despite his controversial proposals on various fronts and ideas and the overwhelming majority of votes in the poll has been a sign of his status as the most representative persona of Colombia's left.

Petro has said that he will alter the pension scheme through the creation of the public manager of pension funds. This would allow for an "mixed system" of public and private funds. The candidate said that Colombia doesn't have a retirement system, instead it's an institution that generates bank profits. Many believe that this will prevent him from becoming President. Petro has stated that he wouldn't eliminate the system, but he will pursue pension reform to ensure that Colombians get a minimum pension. He stated, however, that it wasn't necessary to increase the age of retirement. (Who make up the Historic Pact's list of potential candidates).

Another topic of contention is his repeated promises to stop oil extraction when he becomes President. This has created uncertainty for investors and the overall market.

gustavo petro Experts believe that Petro's plan of end to exploration for oil would cost Colombia an estimated $4.3 billion in loss.

Additionally, this proposal would establish an anti-oil front throughout the world and in the region which shifts the focus of our economy away from fossil fuels. In this regard, I would invite Gabriel Boric the Chilean president and LuizInacio Lula Silva, the Brazilian president.

Petro said he'd spoken to Pedro Sanchez, Spain's Prime Minister, recently regarding his idea.

His position on health is as well controversial. He has demanded the removal of EPS and replaced it with the concept of preventive medicine that "guarantees the rights of people, not the bankers' profit margins."

He has also raised questions about the legitimacy of the Banco de la Republica and announced that he would also implement a change in the event of becoming President.

Petro declared that the Bank Board of Directors belongs to the Democratic Center. Accordingly, the candidate in the middle of a discussion said "What do we need? An independently run Bank of the Republic (...) It is to me that it is essential that the board of director has the presence of the society."

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

It was controversial that he suggested issuing money to finance government spending.

Petro's ideas focus on a sustainable economy that doesn't depend on fossil fuels.

It is also highlighted that he would make an overhaul of the tax system that would eliminate exemptions and the transformation of the idea of minimum wage to a real-time wage based on capital and income.

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