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President Petro Says At Decisive Moment For Reforms

COLOMBIA
  • The Colombian peso is under pressure on Tuesday as Colombia’s education minister left the government in the first cabinet shakeup since President Gustavo Petro took office in August. The news comes as the leader’s plans to reform the pension and health systems have raised tensions within the administration.
  • The minister, Alejandro Gaviria, is the highest profile among three cabinet changes that Petro announced late Monday, which also included sports minister Maria Isabel Urrutia and Culture Minister Patricia Ariza.
  • “We are at a decisive moment for our reforms and we need more cohesion and determination,” Petro said, in a national address.
  • Colombian political parties will present alternatives they consider necessary to some articles of the health care reform proposed by the government. The government will seek a “social pact” to allow pension, health, and labor reforms.
  • Today, the central bank’s board meet where decisions on interest rates are not expected.
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