Colombians cautiously optimistic ahead of leftist Petro's inauguration

Published 08/05/2022, 02:07 AM
Updated 08/05/2022, 02:11 AM
© Reuters. FILE PHOTO: Colombia's President-elect Gustavo Petro and U.S. Deputy National Security advisor Jonathan Finer (not pictured) address the media after a meeting, in Bogota, Colombia July 22, 2022.  REUTERS/Nathalia Angarita

By Julia Symmes Cobb

BOGOTA (Reuters) - Colombians are expressing cautious optimism about the government of incoming leftist President Gustavo Petro, days before he takes office on promises to reshape the polarized country with a raft of reforms and social programs.

Petro, a former member of the M-19 guerrillas and erstwhile senator, will on Sunday become the first leftist to govern Colombia, which has historically elected centrist and right-wing leaders.

Petro has pledged to fight inequality with free university education and pension reform, reopen relations with neighboring Venezuela, fully implement a 2016 peace deal with the Marxist FARC rebels, and seek deals with remaining armed groups.

"We've never been governed by the left," said bus driver Hernan Vargas, 55, in the southeastern Bogota neighborhood of El Rocio. "There's a lot of hope."

Many people in this working-class hillside district, with views down to the presidential palace and congress, said they voted for Petro and approve of his record as the capital's mayor.

"I know with him we'll have a new Colombia," said potter Jorge Eliecer Alegria, 40, who cares for his ill mother and hopes for improvements to the overtaxed healthcare system.

Colombian financial markets have been jittery amid fears that Petro's plans will damage the economy. Of special concern is a proposed ban on new oil development. But the incoming president has constructed a broad congressional coalition to pass his platform, including a $5.8 billion tax bill to fund social programs.

"We have the challenge of fulfilling the social programs that have been proposed," Diego Guevara, the new vice-minister of finance, said this week.

"The issue of employment worries us.... We really can't be happy that there is good (economic) growth when unemployment figures are in double digits," he said.

Other Colombians are more reserved in their expectations of Petro.

"I think there could be many obstacles, from the history of the left in Latin America and because people are scared of what they don't know," said self-described leftist Juliana Pade, 33, in the city center. "It is difficult to believe in politics ... but I think this could be a change."

"Those of us who didn't vote for him certainly have worries, because I don't share many of his ideals," said Daniela Giraldo, 23, in northern Bogota.

© Reuters. FILE PHOTO: Colombia's President-elect Gustavo Petro and U.S. Deputy National Security advisor Jonathan Finer (not pictured) address the media after a meeting, in Bogota, Colombia July 22, 2022.  REUTERS/Nathalia Angarita

High cost of living is top of her mind, said Giraldo, who works in public relations. She also wants to see progress in education and peace efforts.

"If he's going to be the change, hopefully he will be, and will do it well," she said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.