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Reuters
Reuters
Business
By Luis Jaime Acosta

Colombia's congress begins new session with ambitious reform agenda

Colombian President Ivan Duque speaks as Colombia's congress opens its new session ahead of the inauguration of leftist President-elect Gustavo Petro, in Bogota, Colombia July 20, 2022. REUTERS/Nathalia Angarita

Colombia's congress opens its new session on Wednesday, with a slate of ambitious tax-and-spend and other legislation on the horizon under incoming President-elect Gustavo Petro, intended to combat poverty and inequality.

Petro, a 62-year-old economist and long-time senator, will take office on Aug. 7 and will be the first leftist president to head the Andean country, where nearly half the population lives in poverty.

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