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

The candidate Gustavo Petro confirmed on Sunday the favorable vote that polls have been indicating for several weeks.

(Position of the Candidates for the Historic Pact On Pensions and Inflation).

The victory in the Historic Pact coalition was won by the former mayor of Bogota, and the former senator of Republic. He was officially the candidate for President of the Republic and is a position he longs to achieve for the third consecutive time. The high vote in the polls makes to him being the most representative figure of the Colombian left and a strong candidate for president, despite his controversial proposals and opinions on various fronts, including the economic one.

Petro announced his plans to overhaul the pension system by the creation of a public administrator of the pension funds. The pension system will be "mixed" and will complement the private funds.

He also stated that Colombia does not have a pension system but rather a system of bank profit. This is what many believe would make him the most likely choice to become the Presidency. Petro has recently stated that, while the pension system would not be eliminated however, he will seek to make changes in pensions to guarantee a minimum retirement age for Colombians. He has also said there's "no need" to raise the pension age.

(Who makes up the Historic Pact candidate list).

Another controversial issue is the fact that he repeatedly stated that he would end oil extraction when he takes office as president, which has created uncertainty for investors and the market in general.

Experts believe that Petro's proposal for Colombia to end oil exploration could cause a loss of $4.3 billion.

I am also proposing to set up an anti-oil front in the region and across the globe. This would move the economy away from fossil fuels. To this I would like to invite Gabriel Boric (the new Chilean president) and LuizInacio Lula da Silva (the Brazilian LuizInacio Lula da Silva) as well as other. Petro said he'd talked to Pedro Sanchez, Spain's Prime Minister, in recent times about his proposal.

His position on health concerns is also controversial. He has insistent on eliminating EPS and replacing it with a preventive system that "guarantees both the rights of individuals and the profit of bankers".

He has also question the legitimacy of Banco de la Republica.

Petro declared that the Bank Board of Directors belongs to the Democratic Center. Accordingly, the candidate at the center of a discussion said "What do we really want? An independent Bank of the Republic (...) It seems to me crucial that the board of director has the presence of the society."

gustavo petro (Petro leads voting intention in the presidential elections, according to Invamer).

It was controversial that he had proposed to issue money to finance spending by the government.

Petro's plan includes an entirely new economic system that doesn't rely on fossil fuels. It also proposes hydrocarbon extraction. But, Petro places more emphasis on agriculture.

He could also implement a tax overhaul that eliminates exemptions and replaces the concept of minimum wages by real wages that are based on capital or income.

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