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

Candidate Gustavo Petro confirmed on Sunday the favorable vote that polls had been marking for a few weeks.

(Positions of those who are candidates (Positions of candidates Historic Pact to Pensions and Inflation).

The former Bogota mayor Bogota as well as former senator of the Republic won the victory in the Historic Pact alliance and officially became a candidate of the presidency for the Republic, a post that he's aspired to in the past three years.

Despite his controversial proposals regarding various issues and fronts his high turnout during the consultation has made him the most representative of Colombia's left.

Petro has announced that he will alter the pension system by establishing an official manager for pension funds. This would allow for an "mixed system" of private and public funds.

The candidate said that Colombia does not have a retirement system, instead it's an institution that generates bank profits. Many believe that this could prevent his from being President. However, Petro recently said that he would not eliminate them however, he would like to reform the pension system to achieve a minimum pension for Colombians. Petro said, however, that it was not necessary to increase the age of retirement.

Gustavo Petro (Who are the contenders to be the candidates for the Historic Pact?

Another of his controversial issues is the fact that he repeatedly promised that he would stop oil extraction when that he becomes President. This has caused a lot of uncertainty among investors and the market in general.

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

In addition, this proposal will create an antioil front across the world and in the region that shifts the economy away from fossil fuels. gustavo petro To accomplish this, I would invite Gabriel Boric the Chilean president and LuizInacio Lula Silva to be the Brazilian president.

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

His views on health are as well controversial. He has demanded the removal of EPS and has replaced it with a model of preventive medical care that "guarantees the rights of individuals, not the profit margins of bankers."

He also raised questions regarding the legitimacy and independence of the Banco de la Republica.

Petro claimed that the Bank Board of Directors of the Bank was a part of the Democratic Center, a political party. "What we want is a truly independent Bank of the Republic (...) and it seems important to us that the board of Directors is a part of the community," the candidate said during the debate.

gustavo petro Invamer reports that Petro is the top candidate in the voting plans for the presidential elections. It was a controversial idea that he suggested issuing money to finance spending by the government. Petro's suggestions are for an economy that is not dependent on fossil fuels, the extraction of hydrocarbons and mining. Agriculture plays a larger importance.

It is also stated that he will propose a tax reform that would eliminate exemptions, as well as change the idea and definition of minimum wage into a real income-based wage.

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