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Reuters
Reuters
Business
Nelson Bocanegra

Analysis-Colombia presidential candidate Petro's oil, pension proposals give investors pause

Gustavo Petro Colombia
FILE PHOTO: Colombia's presidential candidate Gustavo Petro speaks after winning the referendum vote for the Historic Pact coalition, in Bogota, Colombia March 13, 2022. REUTERS/Luisa Gonzalez/File Photo

Leftist Colombia presidential candidate Gustavo Petro's promises to halt new oil projects and redistribute pension funds could put the country's economic stability at risk, investors say, though doubts remain about his ability to implement them.

Petro, a senator and former M-19 guerrilla rebel, has tallied up to 37% of intended votes in recent polls, putting him 10 points ahead of the center-right Federico Gutierrez but unlikely to win in a first round.

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