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Gustavo Petro was confirmed as the Candidate on Sunday. He has been going through the election for a few weeks with favoritism.

( http://www.portafolio.co/elecciones-2022/gustavo-petro-ganador-del-pacto-historico-562857 of candidates in the Historic Pact on Pensions and inflation).

The election was won by Bogota’s former mayor and senator of the Republic. http://www.eluniversal.com.co/temas/-/meta/gustavo-petro means that he is a candidate for the Presidency of the Republic the office he aspirates to for the third time.

He’s the most representative figure in Colombian left, and is a credible potential presidential candidate despite his controversial views and ideas on numerous fronts, including economic.

Petro has announced his desire to change pensions through the creation of a public administrator of pension funds, resulting in a “mixed and complimentary system” in conjunction with private fund.

http://www.grupoenergiadebogota.com/content/download/5967/88919/file/GUSTAVO FRANCISCO PETRO URREGO.pdf stated that Colombia does not have a pension system, but rather a system of bank profits. This is the reason that people believe makes him the most likely choice to become the president. Petro has stated recently that he would not abolish them, but would seek to reform the pension system in Colombia to ensure a minimum level of pension for Colombians. Petro further stated that it is not necessary to raise the pension age.

(Who comprise the Historic Pact candidates list?

Another thing that has been criticized concerning him is the fact that he frequently promises that he will stop oil extraction when he assumes the helm. This has led to confusion among investors as as the market.

Experts believe Petro’s plan to Colombia to stop oil exploration could cause the loss of $4.3 billion.

In addition, this proposal will create an antioil front in the world and in the region that would shift the 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’d spoken to Pedro Sanchez, Spain’s Prime Minister, recently about his proposal.

http://www.camara.gov.co/gustavo-petro-urrego towards health issues has been also controversial. nuso.org/articulo/caso-gustavo-petro-flagrant-system-error/ has insistent on eliminating EPS in order to replace it with a preventive model which “guarantees all rights of the people and not the financial gains of bankers”.

He also has questioned the legitimacy of the Banco de la Republica and said he’d implement a change when he becomes the President.

According to gustavo petro , “the Board of Directors of the Bank belongs to a political party, the Democratic Center” and therefore, “what we want is a truly independent Bank of the Republic (…) it is crucial that the board of directors has the presence of society,” said the candidate, in the middle of an argument.

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

The idea was controversial because he had proposed to issue cash to fund government spending.

Petro’s recommendations include an economy that is not dependent on fossil fuels, the extraction of hydrocarbons as well as mining. http://www.larepublica.co/gustavo-petro plays a bigger part to play.

He could also implement an overhaul to the tax code that removes exemptions, and transforms the idea of minimum wage by real wages based on income or capital.