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Scotiabank on Colombian Elections

COLOMBIA
  • January marks the start of a busy election cycle; the first milestone will be the Congressional election on March 13. Scotiabank expect a Congress still dominated by market-friendly parties.
  • However, in parallel with the Congressional vote, the main coalitions—Pacto Histórico, joined by Gustavo Petro, Equipo por Colombia (considered the centre-right coalition) and Centro-Esperanza (considered the centre-left coalition)—will make the “Consultas” to decide who is going to be the official candidate ahead of the presidential elections.
  • Monitoring the potential composition of Congress and the machinations behind shifting political coalitions will be critical in H1-2022.
  • Scotiabank think that strong institutions in Colombia will prevail as there are three powers in Colombia: Presidency, Congress and Courts, which in any case control key political decisions in the country.
  • For reference, the presidential election will be held on May 19 and a potential runoff one month later (June 19).

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