Gustavo Petro won the Historic Pact with Lights and Shadows

Gustavo Petro, Candidate for the presidency, confirmed on Sunday the advantages that have been evident in polls over the last couple of weeks.

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

Ex-senator of the Republic and ex-mayor in Bogota has won the victory in the Historic Pact coalition. Officially as of now, he's an aspirant to the presidency and hopes to win for the third time.

https://www.washingtonpost.com/es/post-opinion/2022/04/19/elecciones-colombia-2022-gustavo-petro-juan-fernando-petro-perdon/ His high vote at the meeting is the most representative of the Colombian Left and a solid presidential candidate, despite controversial proposals and ideas on multiple fronts, like the one on economics.

https://www.infobae.com/america/colombia/2022/05/24/por-que-alvaro-uribe-le-dio-las-gracias-a-gustavo-petro/ Petro declared his intention to overhaul the pension system by the establishment of a public administrator for the pension funds. The pension system is expected to be "mixed" and will complement the private fund.

The candidate has stated that in Colombia "we do not have pension systems, but a system of bank profits," so many claim that he would end the chances of reaching the Presidency. https://www.elcolombiano.com/colombia/politica/petro-dice-que-en-su-gobierno-si-extraditaria-a-piedad-cordoba-NF17568612 Petro said recently that he would not eliminate pensions, but he would seek reforms to pensions so that Colombians receive a minimum retirement. He stated, however, that it was not necessary to raise the retirement age.

Gustavo Petro (Who comprise the list of contenders for the Historic Pact).

Another thing that has been criticized concerning him is the fact that he repeatedly promises that he will cease oil extraction when he assumes the helm. This has created anxiety among investors as well and the market.

Experts estimate that Petro's proposal to stop exploration of oil in Colombia will result in a cost of around $4.3 billion.

I also propose to create an anti oil front in the region as well as the world. This would help shift the economy away form fossil fuels. To this I am inviting Gabriel Boric (the new Chilean president) and LuizInacio Lula da Silva (the Brazilian LuizInacio Lula da Silva) as well as other.

Petro said he had spoken with Pedro Sanchez, the Prime Minister of Spain about his suggestion.

His views on health have been controversial as he is insistent on ending EPS and replacing the model with a preventive care model that "guarantees the rights of people, not bankers' profits".

He also questioned the independence of Banco de la Republica, and declared that he would also revamp the institution in the event of becoming president.



According to Petro, "the Board of Directors of the Bank belongs to a political party, the Democratic Center" and therefore, "what we want is an independent Bank of the Republic (...) it's to me important that the Board of Directors has the support of society," said the candidate in the middle of the debate.

(Petro leads voting intention in the presidential election According to Invamer).

https://www.eltiempo.com/bogota/luis-ernesto-gomez-reacciones-por-su-llegada-a-campana-de-gustavo-petro-674840 It was controversial that he had proposed to issue money to finance spending by the government.

https://flip.org.co/index.php/es/informacion/pronunciamientos/item/2883-gustavo-petro-estigmatiza-y-genera-un-clima-de-violencia-contra-rcn Petro's ideas focus on a sustainable economy that isn't dependent on fossil fuels.

He also stated that he would implement tax reforms to end exemptions and transform the concept of minimum wage into a real wage that is based on income and capital.