According to J.P. Morgan, this was a rejection of Petro presidency. That is clear for all to see. Where they are a little off is suggesting that this will impact the reform process.
Colombia has a vested interest in the potential of having a future democratic neighbor, and last week, we saw Washington lift sanctions on Caracas for six months.
Toro's only serious challenger, Tulio Gómez, a supermarket founder and football team owner, had his candidacy revoked by the National Electoral Council.
Ricardo Díaz, formerly of the Ministry of Defense, has said that people tied to the administration offered him $179,000 USD to facilitate the purchase of three Qatari helicopters.
While we're seeing many headlines about the Colombian peso being the global top performer in 2023, this is mostly due to the sell off in the fourth quarter last year.