Lights and Shadows by Gustavo Petro Winner of the Historic Pact

Candidate Gustavo Petro confirmed on Sunday the favoritism that the polls had been highlighting for a few weeks.

(Positions for applicants to the Historic Pact of Pensions and Inclusiveness).

Gustavo Petro The victory of the Historic Pact coalition was won by the former mayor of Bogota as well as the former senator of Republic. https://www.washingtonpost.com/es/post-opinion/2022/04/19/elecciones-colombia-2022-gustavo-petro-juan-fernando-petro-perdon/ He was officially the candidate for President of Republic, which is a position he longs to be able to hold for the third time.

https://americasquarterly.org/fulltextarticle/quien-le-teme-a-gustavo-petro/ He's the most authentic persona in the Colombian left and a strong candidate for president, despite his controversial ideas and plans on a variety of areas, including the economic.

Petro declared his intention to revamp the pension system through the creation of a public administrator for the pension fund. The pension system will be "mixed" and will complement the private fund.

https://es.wikipedia.org/wiki/Gustavo_Petro As per the candidate, the country of Colombia there is no pension system. https://www.infobae.com/america/colombia/2022/05/24/por-que-alvaro-uribe-le-dio-las-gracias-a-gustavo-petro/ Instead the system is based on the bank's profits. Many people believe Petro will eliminate the possibility of him assuming the President. Petro recently stated that he would not abolish the system, but would instead seek to reform the pension system in Colombia, in order to achieve the minimum amount of pension for Colombians. He also stated that there's no need to raise the age of retirement.

(Who are the potential candidates for the Historic Pact?

Another issue that has caused controversy is that he has repeatedly promised that he would end extraction of oil the moment that he becomes President, a situation that has created uncertainty for investors as well as the market in general.

Experts believe that Petro's proposal to Colombia to stop exploration for oil will cause an estimated loss of $4.3 billion.

https://www.eltiempo.com/bogota/luis-ernesto-gomez-reacciones-por-su-llegada-a-campana-de-gustavo-petro-674840 In addition, this proposal will create an antioil front across the globe and across the region that would shift the focus of our economy away from fossil fuels. To accomplish this I'd like to invite Gabriel Boric the Chilean president and LuizInacio Lula Silva the Brazilian president.

Petro claimed that he talked with Pedro Sanchez, the Prime Minister of Spain regarding his idea.



His position regarding health issues has been also controversial. He has insistent on the end of EPS to replace it with a preventive model that "guarantees both the rights of individuals and the profit of banksters".

He also raised questions about the legitimacy and independence of the Banco de la Republica.

According to Petro, "the Board of Directors of the Bank belongs to 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 support of the society," said the candidate, in the middle of the debate.

Invamer claims that Petro is leading the voting intention for the presidential election.

The idea of releasing cash to fund government spending was not without controversy.

Petro's plans are focused on a sustainable economic system that doesn't depend on fossil fuels.

He also stated that he would pursue a tax reform to eliminate exemptions, and to transform the minimum wage concept into a wage that is built on capital and income.