Colombia’s Finance Minister, Diego Guevara, is rumored to resign amidst disagreements with President Gustavo Petro, although the Finance Ministry denies having official confirmation of this change. The Colombian peso has dropped in value, and potential successors are being discussed. This incident reflects broader political tensions within the current administration.
The ongoing situation regarding Colombia’s Finance Minister, Diego Guevara, reflects significant political tensions. Local media, specifically Caracol, has reported that Mr. Guevara is poised to resign due to disagreements with President Gustavo Petro. However, the Finance Ministry has issued a statement indicating that it currently possesses no official information confirming these reports and will provide updates as necessary.
Diego Guevara, who has held the finance ministerial position for just over three months after serving as finance vice minister, may face challenges due to recent budgetary disagreements with President Petro. A source from the presidential palace confirmed that Guevara submitted his resignation on Monday night. Nevertheless, Petro’s office has not yet confirmed Guevara’s departure, asserting that he remains in his role at this time.
As this uncertainty unfolds, the Colombian peso has suffered a 1.38% decline in early trading, reaching 4,130 per dollar. Additionally, Caracol has noted that Grupo Bicentenario’s head, German Avila Plazas, is being considered for the finance minister position should Guevara officially leave.
This evolving narrative highlights the volatility within Colombia’s political landscape, particularly as President Petro recently replaced 12 of his top ministers. The outcomes of these developments may have broader implications for Colombian economic management moving forward.
The situation regarding Finance Minister Diego Guevara remains fluid, marked by unconfirmed reports of his resignation due to ideological differences with President Gustavo Petro. While the Finance Ministry denies having official information on the matter, the potential for new leadership within the ministry raises questions about Colombia’s fiscal policies. Monitoring the financial market response and subsequent political changes will be critical to understanding the impact of this situation.
Original Source: www.thestar.com.my
