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S&P Global Ratings lowers Colombia's credit rating to BB- as persistent deficits and policy shifts challenge economic stability in 2026.

The largest forces in Colombia’s new Congress will be the left-wing Pacto Histórico with 22% of the vote, and the right-wing Centro Democrático with 15%. The next president will likely have to govern through coalitions and alliances.

Following the March 8 primaries, Colombia’s presidential race now centers on six candidates, although some may withdraw or join to alliances after weak results.

Legislators are elected this weekend, but so are primary candidates for the May 31 Colombian presidential election.

The move is a surprise, as Londoño is now affiliated with a party focused on Afro-Colombian advocacy and representation. Londoño has not previous record of a focus on this cause.

Colombian opposition blasts Petro, accusing him of embarrassing the nation and harming vital diplomatic relations with reckless claims.

Ministers faced Petro's ultimatum to sign decree or be dismissed, as critics warn of constitutional overreach and erosion of democratic norms.

While campaigning for president, Gustavo Petro explicitly promised that there would be no expropriation during his term.