Gustavo Petro won the Historic Pact with the help of Lights and Shadows

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On Sunday, Gustavo Petro, the candidate for Gustavo Petro, confirmed the favoritism that polls have been indicating for several weeks.

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

The former Bogota mayor Bogota as well as a former senator of Republic was the winner of the Historic Pact alliance and officially was elected to the presidency for the Republic, a post he has aspired to since the beginning of the third year.

His strong vote during the consultation is the most representative of the Colombian Left and is a strong presidential candidate, despite his controversial ideas and proposals on multiple fronts, including the economic one.

https://www.eluniversal.com.co/temas/-/meta/gustavo-petro https://www.portafolio.co/elecciones-2022/gustavo-petro-ganador-del-pacto-historico-562857 Petro expressed his desire to adjust the pension system by establishing a public administrator for pension funds. This would allow Petro to mix both public and private money into an "mixed, complementary system."

https://www.elheraldo.co/gustavo-petro The candidate stated that Colombia has no retirement system, but rather an institution that generates bank profits. Many believe this will prevent the candidate from becoming president. Petro recently stated that although he wouldn't eliminate them however, he will seek to make changes in pensions to ensure the minimum retirement age for Colombians. Petro also claimed that there was no reason to increase the retirement age.

(Who comprise the list of Historic Pact's possible candidates).

Another controversial issue is that he has repeatedly said that he would cease extraction of oil as soon as the day he takes office. This has caused uncertainty among investors, and also among the market as a whole.

The experts estimate that Petro's plan to stop oil exploration could cost Colombia about $4.3 billion.



Furthermore, this plan would create an antioil front in the globe and across the region that 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 stated that the two of them were talking to Pedro Sanchez (the Prime Minister of Spain) regarding his idea.

His position on health issues has also been controversial since he has argued on eliminating EPS and replacing it with a proactive model that "guarantees the rights of people instead of the profits of bankers".

https://diariodelcauca.com.co/politica/es-gustavo-petro-una-amenaza-para-la-economia-de-colombia He also raised doubts about the independence of Banco de la Republica. He announced that he was going to make changes when he becomes the president.

Petro said that the Bank Board of Directors belongs to the Democratic Center. https://www.elespectador.com/tags/gustavo-petro/ Accordingly, the candidate in the middle of a debate said "What do we really want? An independent Bank of the Republic (...) It's to me crucial that the board of directors has the support of the Society."

https://www.semana.com/semana-tv/vicky-en-semana/articulo/me-preocupa-que-gustavo-petro-llegue-a-la-presidencia/202157/ (Petro has the highest percentage of votes in the presidential election (according to Invamer).

It was controversial that he proposed issuing cash to fund government spending.

Petro's suggestions are for an economy that is not dependent on fossil fuels, the extraction of hydrocarbons, and mining. Agriculture plays a larger part to play.

It is also mentioned that he will propose an amendment to the tax code that removes exemptions, and transforms the concept of minimum wage by a real wage based on income and capital.