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Petro Advisers Suggest Investors in Colombia Can Trust Petro

COLOMBIA
  • Investors can trust Gustavo Petro to run a fiscally-responsible government if he wins Colombia’s election, and fears that he’ll run up huge debts are misplaced, according to economists advising the leftist presidential candidate. (Bloomberg)
  • A presidency with Petro at the helm would seek allies in congress to boost tax revenues and put the nation’s finances on a sustainable path, according to three advisers, who helped formulate the economic program of the election’s front-runner.
    • “Our plan ought to calm investors, because we are going to be serious both in terms of fiscal consolidation and in terms of boosting productivity,” said Luis Fernando Medina, a Stanford University-educated economist who teaches in Madrid, speaking in a joint video interview with his colleagues on Monday.
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