A potential electoral defeat of the Petro administration will likely lead to an escalation in disputes between the executive and local governments over the next three years.
While opposition congresses play a crucial role in ensuring checks and balances in Latin American democracies, the complexities they introduce are far-reaching and multifaceted. These challenges underscore the need for mature political behavior, open dialogue, and a steadfast commitment to democratic norms from all political actors.
Colombian President Gustavo Petro will likely pave the way for a far-right administration in the same way that Iván Duque paved the way for Petro’s own rise to power. He does not seem to know it yet, and Petro does not seem to be acting like a far-right candidacy is realistic right now. Petro ought to understand that both the short- and long-term future of Colombia’s left wing depends on his success.
Colombian President Gustavo Petro introduced a new element of political risk into investment decision-making for institutional investors and other funds. The myriad of social reforms the government seeks to pass… have made Colombia too risky for some investors. However, while traditional investors are put off, other investors—including those with questionable practices in their home countries and with a greater appetite for risk—now see Colombia as a more attractive destination for their capital, as it can bring along high rewards.
Now more than ever, it is strategically important for Colombia to distribute its eggs among several baskets, thus reducing its dependence on just a few markets in the Global North.
Ahora más que nunca, resulta estratégico para Colombia “repartir los huevos en varias canastas” y de esta forma reducir su dependencia con los países del Norte Global.
On Monday, U.S. Secretary of State Antony Blinken met Colombian President Gustavo Petro, Vice President Francia Márquez, and Foreign Minister Álvaro Leyva at the Casa de Nariño as the first stop on his week-long trip to Colombia, Chile, and Peru.
The label “pink tide” was already misleading 20 years ago. Today, with even more pronounced distinctions between the left-wing presidents and diverse foreign policy orientations—including some critical views of Cuba—such a generalization has become even more outdated and is by far too inaccurate to categorize a political trend.