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Markets Await Potential Announcement Of New Finance Minister

COLOMBIA
  • President-elect Gustavo Petro could announce his choice for finance minister.
  • This comes following comments earlier in the week suggesting the decision would be announced this week.
    • Yesterday, Ricardo Bonilla, an economic adviser to President-elect Gustavo Petro, says he’s ineligible for the role. Bonilla has outstanding legal disputes from his time as finance chief for Bogota that bar him from office, he said Thursday, in an interview on W Radio.
  • President-elect Gustavo Petro, who has vowed to lift up Colombia’s poor and disenfranchised, has won the support of an influential party of the establishment as he tries to build a majority coalition in Congress.
  • The decision by the Liberal Party, led by ex-president César Gaviria, to join Petro’s Historic Pact group shows the pragmatic side of the president-elect as he makes political deals aimed at executing an ambitious legislative agenda that includes fiscal, agrarian, pension and other changes.
    • “We won’t be a party of opposition,” Gaviria said in a statement Wednesday.
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