confirmed on Sunday the favoritism the polls have been indicating for a few weeks.

(Position of candidates of the Historic Pact on Pensions and inflation). in the Historic Pact coalition was won by the former mayor of Bogota and also the former senator of the Republic. He has officially become an official candidate for the presidency of the Republic in a position he longs to attain for the third consecutive time.

The high percentage of votes he received at the consultation will make him the most representative of the Colombian Left and is a strong potential presidential candidate despite the fact that his ideas and proposals are controversial on multiple fronts, like the one on economics.

Petro has announced that he intends to adjust the pension scheme by creating the public manager of pension funds. This would allow for an "mixed system" of private and public funds.

According to Petro, there is no pension system in Colombia. However banks make profits. So many have claimed that he will end any possibility of becoming as president. has stated that he would not eliminate the system, but he will pursue pension reform to ensure that Colombians get a minimum pension. Petro said that there is "no requirement" for an increase in the pension age.

(Who comprise the list of candidates to be part of the Historic Pact). that has been a source of controversy is the fact that he's repeatedly said that he would stop extraction of oil when the day he takes office. This has caused anxiety among investors and the market generally.

Experts say Petro's idea of putting an end to oil exploration could cause a massive impact on Colombia which would cost Colombia $4.3 trillion.

The plan also proposes the establishment of an anti-oil force throughout the region and all over the world, which helps move the economy away from fossil fuels. I would like to invite Gabriel Boric, the new Chilean president, as well as Luiz Inacio Lula Da Silva, Luiz Inacio Lula Da Silva, the Brazilian vice president.

Petro claimed that he talked to Pedro Sanchez, the Prime Minister of Spain about his proposal. has been controversial because the president insists on stopping EPS and replacing it with a preventive model that "guarantees people's rights and not bankers' profits".

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's important that the board of directors is a part of society members," the candidate stated during a debate.

Invamer informs us that Petro is the top candidate in terms of voting intentions for the presidential elections.

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

Petro's plans include a new economy which isn't dependent upon fossil fuels. It also proposes the extraction of hydrocarbons. But, Petro places more emphasis on agriculture. is also highlighted that he would make a tax reform that eliminates exemptions as well as the replacement of the concept of minimum wage by a real wage that is based on income and capital.