Gustavo Petro won the Historic Pact with Lights and Shadows

Gustavo Petro was confirmed as the candidate on Sunday. He has been marking the polls for several weeks and has been favored.

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

The victory in the Historic Pact coalition was won by the ex-mayor of Bogota as well as the former senator of Republic. He officially became an official candidate for the presidency of the Republic, which is a position he longs to be able to hold for the third consecutive time.

The large majority of votes in the polls makes him to be the most representative persona of the Colombian left and a solid candidate for president despite his controversial plans and views on a variety of fronts, including the one on economics.

Petro declared his intention to reform the pension system by the creation of a public administrator for the pension funds. The system is expected to be "mixed" and will complement the private fund. has said that in Colombia "we don't have pensions, we have the system is based on bank profits," so many claim that he would end the chances of reaching the presidency. Petro recently stated that he would not abolish the system, but would instead seek to improve the pension system in Colombia to ensure a minimum level of pension for Colombians. has also said there's "no necessity" to increase the age of retirement.

(Who compose the Historic Pact candidates list?

Another controversy concerning him is the fact that he frequently promises that he will stop oil extraction once he takes office. This situation has caused anxiety among investors as well as the market.

Experts estimate that Petro’s proposal of putting an end to oil exploration could cause a massive impact on Colombia and cost Colombia $4.3 trillion.

This proposal includes the creation an anti-oil front both in the region and around the world that moves the economy away from fossil fuels. I would invite Gabriel Boric to Chile and LuizInacio Lula de Silva to join me.

Petro said he's spoken with Pedro Sanchez, the Prime Minister of Spain, about his idea.

petro gustavo on health concerns is also controversial. He is insistent on the end of EPS in order to replace it with a preventive system which "guarantees all rights of the people and not the financial gains of bankers".

He also questioned the independence the Banco de la Republica. announced that he would make reforms should he become the president.

Petro said that the Bank Board of Directors belonged to the Democratic Center and "What we need is an independent Bank of the Republic (...) it is essential that the board of directors is a part of the society," the candidate stated in the middle of an argument.

According to Invamer, Petro leads the voting intention for the presidential election.

His plan to issue cash to fund government expenditures was not without controversy.

Petro's ideas include an economy that isn't dependent, hydrocarbon extraction and mining, and a greater agricultural role.

It is also mentioned that he is likely to suggest a tax reform that would eliminate exemptions, as well as change the idea and definition of minimum wage into an actual income-based wage.

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