The runoff may decide Colombia’s next president, but neither finalist commands enough seats in Congress to govern alone. Both candidates would need broad coalitions to pass reforms and implement their legislative agendas.
Colombia's runoff pits a pro-business outsider against a Bulgaria-educated neo-Marxist Petro ally — with petroleum, healthcare, and investment sectors watching closely.
After signing a deal with China's Xi Jing Ping, Colombian President Gustavo Petro returned home to bitter defeat of his flagship labor referendum project in the Colombian Senate.
Amidst the backdrop of a government hostile to petroleum, now Shell leaves Colombia's offshore gas sector, joining other majors in exiting as production drops 48%.
The resolution brings an end to the long-running corruption and bribery saga surrounding Corficolombiana and Odebrecht's illicit attempts to gain favor with officials overseeing the Ruta del Sol 2 highway project.