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

Gustavo Petro, Candidate for the Presidency, confirmed Sunday the favoritism that has been apparent in the polls in the last few weeks. (Position of Candidates to the Historic Pact On Pensions and Inflation).

The victory of the Historic Pact coalition was won by the ex-mayor of Bogota, and the former senator of the Republic. He has officially become the candidate for President of Republic in an ambition he hopes to be able to hold for the third consecutive time.

The overwhelming majority in the polls makes him to be the most representative figure of the Colombian left and a firm candidate to be president, despite his controversial proposals and ideas on several fronts, not least the one on economics.

Petro declared his intention to overhaul the pension system through the establishment of a public manager of the pension fund. The pension system will be "mixed" and complement the private funds.

According to the candidate, in Colombia there is not a pension system. Instead, the system is based on bank profits. Many believe that Petro would eliminate any chance of his assuming the Presidency. Petro has recently stated that he wouldn't eliminate the system but would push for reforms to the pension system so that they can provide the minimum amount of income to Colombians. Petro has also stated that there is "no necessity" to raise the pension age.

(Who is on the Historic Pact candidate list).

Another issue that has caused controversy is the fact that he's repeatedly stated that he will end oil extraction by the time he takes office. This has been a matter that has caused uncertainty for investors.

Experts believe Petro's plan to Colombia to end oil exploration will result in the loss of $4.3 billion.

In addition to this, the proposal is to create an anti-oil front within the region and across the globe that will move the economy away from fossil fuels to which I would like to invite the president-elect of Chile, Gabriel Boric, as well as the Brazilian Luiz Inacio Lula da Silva, among others.

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

His position on health has been controversial because the president insists on stopping EPS and replacing it with a preventive health model that "guarantees individuals' rights, not the bankers' profit".

He also questioned the autonomy of Banco de la Republica, and stated that he would change the institution in the event of becoming president.

Petro asserts that the Bank's Board of Directors is part of a political organization known as the Democratic Center. Therefore, Petro says, "What we want" is a true independent Bank of the Republic (...). Petro said that in the middle of an argument.

(Petro is the leader in voting intentions for the presidential elections (according to Invamer).

The idea that he proposed was also controversial. to issue cash to fund the government's expenditures.

The main pillars of Petro's proposals are an economy that does not depend on fossil fuels, mining, or extraction of hydrocarbons, and increasing importance to agriculture. It is also stated that he will introduce a tax reform plan which would end exemptions and transform the definition and concept of minimum wage to an actual income-based wage. gustavo petro

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