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COLOMBIA: President Petro’s Popularity Dips In Feb, New Cabinet Members Named

COLOMBIA
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  • Perception of the government’s mismanagement is weighing on President Petro’s popularity, as his disapproval rating increased by three points to 63% in February, according to a poll by Invamer published through Blu Radio. At the same time, his approval rating fell to 32%, from 34% in December, as Colombians also remained concerned about insecurity and unemployment, according to the poll.
  • The dip in Petro’s popularity came following the chaotic televised cabinet meeting earlier this month, after which the President asked his Cabinet members to resign. Cabinet changes have continued in recent days, as noted previously, with the resignation of Energy Minister Camacho and appointment of Petro loyalist Armando Benedetti as interior minister. Benedetti will seek to accelerate reform momentum, as the key health reform remains stalled in the Lower House and uncertainty remains over the constitutional status of the proposed pension reform.
  • Today, President Petro is expected to hold an event, officially naming his eight new ministers, including the new energy minister, which will potentially be Ecopetrol’s Edwin Palma, according to local media. Datawise, the calendar is empty today, ahead of unemployment figures tomorrow. BanRep will also hold a non-monetary policy board meeting on Friday, the first for new members Laura Moisa and Cesar Giraldo, who were appointed last month.
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  • Perception of the government’s mismanagement is weighing on President Petro’s popularity, as his disapproval rating increased by three points to 63% in February, according to a poll by Invamer published through Blu Radio. At the same time, his approval rating fell to 32%, from 34% in December, as Colombians also remained concerned about insecurity and unemployment, according to the poll.
  • The dip in Petro’s popularity came following the chaotic televised cabinet meeting earlier this month, after which the President asked his Cabinet members to resign. Cabinet changes have continued in recent days, as noted previously, with the resignation of Energy Minister Camacho and appointment of Petro loyalist Armando Benedetti as interior minister. Benedetti will seek to accelerate reform momentum, as the key health reform remains stalled in the Lower House and uncertainty remains over the constitutional status of the proposed pension reform.
  • Today, President Petro is expected to hold an event, officially naming his eight new ministers, including the new energy minister, which will potentially be Ecopetrol’s Edwin Palma, according to local media. Datawise, the calendar is empty today, ahead of unemployment figures tomorrow. BanRep will also hold a non-monetary policy board meeting on Friday, the first for new members Laura Moisa and Cesar Giraldo, who were appointed last month.