Gustavo Petro wins the Historic Pact for Lights and Shadows
Gustavo Petro was confirmed as the candidate on Sunday. He has been going through the election for a few weeks, displaying favoritism.
(Positions of the candidates (Positions of candidates Historic Pact to Pensions and Inflation).
The former mayor of Bogota and former senator of the Republic was able to secure the victory of the Historic Pact coalition and officially is now a candidate for the presidency of the Republic, a position that he hopes to attain three times.
https://www.larepublica.co/gustavo-petro He is the most authentic figure in Colombian left and a strong candidate for president despite his controversial views and plans on a variety of areas, including the economic.
Petro announced his plans to revamp the pension system by the creation of a public administrator for the pension fund. The system is expected to be "mixed" and will complement the private funds.
The candidate has stated that in Colombia "we don't have pensions, we have the system is based on bank profits," so many claim that he would end any chance of winning the presidency. Petro recently stated that he will not abolish the system, but he would call for reforms to the pension system in order to ensure an income that is minimum for Colombians. He stated, however, that it wasn't necessary to increase the age of retirement.
petro gustavo (Who make up the Historic Pact's list of possible candidates).
Another controversy concerning him is the fact the fact that he has repeatedly stated that he will stop the extraction of oil once he comes into his office. This has created confusion among investors as as the market.
Experts estimate that Petro’s proposal to stop exploration for oil in Colombia will result in a cost around $4.3 billion.
https://www.grupoenergiadebogota.com/content/download/5967/88919/file/GUSTAVO FRANCISCO PETRO URREGO.pdf The other aspect of this plan is the creation of an anti-oil movement in the region and the world that will move away from fossil fuels for which I'd like to invite the new president of Chile, Gabriel Boric, and the Brazilian Luiz Inacio Lula da Silva, as well as others.
https://www.eluniversal.com.co/temas/-/meta/gustavo-petro Petro said he had spoken with Pedro Sanchez, the Prime Minister of Spain regarding his idea.
His attitude on health issues has also been controversial since he has argued on eliminating EPS and replacing it with a preventive care model that "guarantees the rights of individuals and not the profit of bankers".
He has also questioned the independence of the Banco de la Republica and announced that he would also propose a reform when he becomes the President.
According to Petro, "the Board of Directors of the Bank is part of an political party called the Democratic Center" and therefore, "what we want is an independent Bank of the Republic (...) it is key that the board of directors has the presence of the society," said the candidate during a debate.
https://hsbnoticias.com/new/en/node/de-guerrillero-candidato-presidencial-que-pasara-con-las-guerrillas-si-gustavo-petro-gana-las Invamer says that Petro is in charge of the voting intention for the presidential elections.
The idea of issuing cash to fund government spending was also controversial.
Petro's plans concentrate on a sustainable economy which doesn't rely on fossil fuels.
It is also mentioned that he is likely to suggest a tax reform which would end exemptions as well as transform the concept and definition of minimum wage into an actual income-based wage.