Gustavo Petro, a leftwing former guerrilla, gained Colombia’s presidential election on Sunday, beating populist businessman Rodolfo Hernández, in line with an official quick rely of the outcomes.
With 95 per cent of the poll counted, electoral authorities mentioned Petro had 50.7 per cent to Hernández’s 47.0 per cent. Petro had an unassailable lead of round 800,000 votes.
Neither candidate has commented on the figures, claimed victory or accepted defeat. But assuming the result’s confirmed, it might give Colombia the primary really leftist authorities in its fashionable historical past.
Petro, a 62-year-old former mayor of Bogotá making his third bid for the presidency, guarantees a radical overhaul of the economic system and nothing wanting a social revolution, with far larger spending on training and healthcare.
His proposals, which embrace bans on oil exploration, open-pit mining and fracking, have unnerved traders who say they might stymie one of many fastest-growing economies in Latin America. Colombian belongings and the peso are prone to weaken on his victory.
However, he won’t have a majority in congress, which can make it exhausting for him to enact his extra radical proposals. His coalition, the Historic Pact, has solely 15 per cent of the seats in each homes.
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