Gustavo Petro the candidate confirmed on Sunday that he was the beneficiary who was spotted by polls for a week. (Position of candidates of the Historic Pact on Pensions and inflation). The victory of the Historic Pact coalition was won by the former mayor of Bogota as well as the former senator of Republic. He was officially a candidate for Presidency of the Republic, which is an ambition he hopes to achieve for the third time.

The high percentage of votes he received at the consultation is the most representative of the Colombian Left, and a reliable candidate for the presidency, despite the fact that his ideas and proposals are controversial on multiple fronts such as the economic one.

Petro announced his plans to overhaul the pension system with the establishment of a public manager of the pension fund. gustavo petro The pension system will be "mixed" and complement the private fund.

The candidate stated that Colombia doesn't have a retirement system, but rather an institution that generates bank profits. Many believe this could prevent his from being President. But, Petro recently said that the government would not end pensions but would pursue reforms to pensions to achieve a minimum pension for Colombians. Petro has also stated there's "no necessity" to raise the pension age.

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

Another issue that has been a source of controversy is his repeated vows to stop the extraction of oil when the time comes for him to become President. petro gustavo This has caused uncertainty for investors and the overall market.

Experts believe that Petro's plan of end to exploration for oil would cost Colombia an estimated $4.3 billion in losses.

The other aspect of this plan is the idea of establishing an anti-oil front within the region and around the world that will move the economy away from fossil fuels to which I would like to invite the new president of Chile, Gabriel Boric, as well as the Brazilian Luiz Inacio Lula da Silva, and others.

Petro claimed that he had spoken to Pedro Sanchez, Spain's Prime Minister, in recent times about his proposal. His position on health has been controversial as the president insists on stopping EPS and replacing the model with a preventive health model that "guarantees individuals' rights, not the bankers' profit".

He also has questioned the independence of Banco de la Republica.

According to Petro, "the Board of Directors of the Bank belongs to an political party called the Democratic Center" and therefore, "what we want is an independent Bank of the Republic (...) it's to me crucial that the Board of Directors is a part of the society," said the candidate during a debate.

Invamer says Petro has the presidency's in voting intentions.

The idea of creating money to finance spending on government was not without controversy. Petro's proposals are focused on a sustainable economic system which doesn't rely on fossil fuels.

It is also mentioned that he is planning to implement an overhaul of the tax system that would eliminate exemptions, and transforms the concept of minimum wage to a real-time wage based on capital and income.