The Economist warns that the petro is “faltering”

Authoritative English magazine economist Released this Thursday Colombia-specific articles and management President Gustavo Petro. The article warned, “ ‘Colombian leftist president is shocked’ and their ambitious Reforms stalled In the Congress of the Republic.

The publication acknowledges The Petro came to power with a promise to reduce inequalityd “in one of the most unequal countries in the world,” noting that the head of state is promoting health care reform – The bill died in this legislature but will be reintroduced on July 20 – and Labor and pension reforms.

However, it is worth noting that “nearly two years into his tenure, The bill underpinning his signature reforms has stalled.” It makes clear that the opposition has a persistent presence both in Congress and on the streets. “He is putting pressure on Congress to pass laws before the end of the legislative session on June 20,” he added.

in some meaning, economist Recognize that most politicians agree Pension system reform is imperativeconsidering that only One in four Colombian seniors receives a pension.

However, he questioned Consumer Orientation Remember, according to the OECD, “Colombia is the only country in Latin America that has A pension system that exacerbates inequality”In this sense, the publication warns that the new model proposed by Petro May be unaffordable and put pressure on private pension systems.

On the other hand, ensuring From “pragmatism to populism”, The media said that although Colombians like the mixed health care system, with a coverage rate of 95%, Petro proposes reforming paper industry Health Promotion Entities (earnings per share) Transfer control of the public funds they currently manage to the state.

“as expected, He fired moderates in his cabinet who opposed the plan. Many Colombians are angry. In April, hundreds of thousands took to the streets to protest Protest against reforms. Congress blocked the bill. Since then, the country’s largest insurance company They accused the government of refusing to increase its contributions It is an action taken in response to rising health care costs,” noted economist.

at last, Labor Reform Although it provides Increase overtime pay and other benefits and longer contracts, it is said that “it is unlikely to become law, while “They’re still collecting their pensions.”

Apart from, economist It shows that Petro is not only called National Constituent Assemblybut it promoted theA gentle blow, This led to The polarization that “scares investors”.

“Growth is also slow. Tax revenues fall 10% in first four months of 2024 Compared with the same period last year. On June 6, the Minister of Finance Temporarily halt new spending on public projects,” Remember the publication.

The article ends with a warning Violence and corruption scandals are eroding political capital What is left of the government? Shootings and kidnappings on the rise In the south of the country, officials such as the former head of the disaster risk management agency are being executed, undermining Petro’s campaign promise of achieving a complete peace. Investigated for alleged bribery via inflated public works contracts.”

In short, according to economist, “Petro is halfway through his term. He is trying to achieve his agenda by becoming more aggressive. But he needs to negotiate with Congress. Appeasing protesters to successfully reform the system Colombia’s well-being. “It requires less populism and more pragmatism.”