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Leading Presidential Candidate Petro Warns Of Central Bank Changes

COLOMBIA
  • The front-runner in polls ahead of Colombia’s presidential election vowed to introduce reforms to the makeup of the central bank, which he claims has lost its independence under recent presidents.
  • Gustavo Petro, a senator and former mayor of Bogota who leads polls for the May vote by a wide margin, said the bank’s board is too closely aligned with the political party of sitting President Ivan Duque, the Democratic Center.
  • “What we want is a central bank that is truly independent, not just from the political powers, but from the financial powers as well.”
  • If elected, Petro said he would seek reforms to give members of society a presence on the board, particularly representation from “productive organizations” in the country. (BBG)

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