Gustavo Petro's Lights and Shadows, the winner of The Historic Pact

Gustavo Petro the candidate confirmed on Sunday the favoritism which had been marked in polls for several week.

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

Former Senator of the Republic and former mayor in Bogota was able to secure the victory with the Historic Pact coalition. Officially as of now, he's a candidate to the Presidency and hopes to achieve for the third time.

The huge turnout in the consultation made him the most representative representative of the Colombian left. gustavo petro He is also a solid candidate to become president despite his controversial ideas and views on numerous different fronts.

Petro has stated that he will alter the pension scheme through the creation of the public manager of pension funds. This will allow for a "mixed system" of private and public funds. The candidate claimed that Colombia doesn't have a retirement system, instead it's a system that makes bank profits. Many believe this will prevent his from being President. Petro recently stated that he will not abolish the system but would advocate for reforms to pensions in order to provide a minimum income for Colombians. petro gustavo Petro has also stated that there is "no necessity" to raise the age of retirement.

(Who make up the list of candidates for the Historic Pact).

Another controversial issue is that he has repeatedly stated that he would end oil extraction before he takes office. This has been a matter that has caused confusion for investors.

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 in both the region and around the world that moves the economy away from fossil fuels. I would like to invite Gabriel Boric to Chile and LuizInacio Lula de Silva to join me.

Petro claimed that he was speaking with Pedro Sanchez (the Prime Minister of Spain) about his proposal.

His attitude on health issues is also controversial, as he has insisted on ending EPS and replacing it with a proactive model that "guarantees the rights of individuals and not the profits of bankers".

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

Petro claimed that the Bank Board of Directors belonged to the Democratic Center and "What we want is an independent Bank of the Republic (...) it seems crucial that the Board of Directors has the presence of society members," the candidate stated in the middle of a debate. According to Invamer, Petro leads the decision to vote for the presidential election.

The idea of releasing money to fund government expenditures was not without controversy.

Among the pillars of Petro's plan are an economy that doesn't depend on fossil fuels, mining and hydrocarbon extraction, with more importance in agriculture.

He would also make a tax overhaul that eliminates exemptions, and changes the concept of minimum wages by real wages based on income or capital.

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