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	<title>total peace &#8211; Finance Colombia</title>
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	<title>total peace &#8211; Finance Colombia</title>
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		<title>Analysis: De la Espriella Confronts a Security Collapse, an Earthquake and a Congress He Does Not Control</title>
		<link>https://www.financecolombia.com/analysis-de-la-espriella-confronts-a-security-collapse-an-earthquake-and-a-congress-he-does-not-control/</link>
		
		<dc:creator><![CDATA[Loren Moss]]></dc:creator>
		<pubDate>Sun, 16 Aug 2026 16:54:28 +0000</pubDate>
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					<description><![CDATA[He won by 250,830 votes, then a 7.4 quake hit on day three. What the security program now costs, and who has first claim on it....]]></description>
										<content:encoded><![CDATA[<p>Abelardo de la Espriella took the oath of office in Cali on August 7, 2026. <a href="https://en.mercopress.com/2026/08/08/de-la-espriella-sworn-in-before-congress-in-cali-delivers-first-speech-to-the-military">MercoPress reported</a> it as the first time a Colombian leader has been sworn in outside Bogotá, before a ceremony guarded by more than 11,000 security personnel, with Kfir jets flying over the city during the speech. Two days earlier, <a href="https://www.eltiempo.com/colombia/otras-ciudades/interceptan-bus-con-420-kilos-de-explosivos-que-presuntamente-iba-a-ser-usado-para-un-atentado-durante-la-posesion-presidencial-de-de-la-espriella-3576350">El Tiempo reported</a>, officers of the <a href="https://www.policia.gov.co/"><em>Policía Nacional</em></a> (National Police) had stopped a bus a few kilometers outside Cali carrying 420 kilograms of ammonium nitrate in seven cylinders, fitted with seven concealed launch ramps and rigged, investigators concluded, to strike military and police installations connected to the inauguration. Outgoing Defense Minister Pedro Sánchez attributed the plot to the Jaime Martínez Front, part of the dissident <em>Estado Mayor Central</em> (Central General Staff) of the former Revolutionary Armed Forces of Colombia, or FARC, under alias Iván Mordisco, and identified the man who built it as Dubán Ramiro Castillo Cortés, an explosives specialist known by the alias “Mad Max.” Less than a week before that, a truck bomb detonated beside a police station in Cúcuta, near the Venezuelan border, wounding at least 11 people, <a href="https://www.cbsnews.com/news/bombing-police-station-colombia-injuries-presidential-inauguration/">according to CBS News</a>.</p>
<p>Three days after the ceremony, a magnitude 7.4 earthquake hit western Colombia and rewrote the agenda entirely. The inheritance came first, though, and it is the reason he is president at all.</p>
<h3>The numbers that elected him</h3>
<p>The <em>Centro de Paz y Seguridad</em> (Center for Peace and Security) at <a href="https://www.uexternado.edu.co/"><em>Universidad Externado</em></a> counted 40,663 homicides in Colombia between August 2022 and August 2025 — <a href="https://gustavopetro.co/">Gustavo Petro</a>’s first three years in office — an annual average of 13,554. Over the equivalent stretch under Iván Duque, the figure was 37,795, averaging 12,598 a year, and under Juan Manuel Santos it was 36,646, averaging 12,215. <a href="https://www.eltiempo.com/colombia/otras-ciudades/trienio-de-petro-deja-mas-de-40-mil-muertos-y-supera-mismo-periodo-de-gobiernos-duque-y-santos-u-externado-3515321">El Tiempo published the center’s findings</a> in December 2025.</p>
<p>Under <em>Paz Total</em> (Total Peace), the policy that opened simultaneous negotiations with practically every armed and criminal structure in the country, those structures grew. <a href="https://www.infobae.com/colombia/2025/11/05/grupos-armados-reclutaron-mas-de-10000-nuevos-integrantes-desde-2022-segun-inteligencia/">Infobae reported</a> a military intelligence count showing membership rising from 15,120 in December 2022 to 25,278 by July 2025, an increase of 10,158, concentrated in the Nariño Pacific, Catatumbo, Cauca, Bajo Cauca Antioqueño and Arauca — zones, in Infobae’s words, of weak institutional presence. The <a href="https://ideaspaz.org/publicaciones/investigaciones-analisis/2025-11/lo-que-dicen-las-nuevas-cifras-sobre-el-aumento-de-integrantes-de-grupos-armados-en-colombia"><em>Fundación Ideas para la Paz</em></a> (Ideas for Peace Foundation), working from the same count, puts 48 percent of that total under arms and the remaining 52 percent in support networks. By July 2026 the figure had reached 28,802, a 90 percent increase across the Petro years, <a href="https://www.elcolombiano.com/inicio/grupos-armados-crecieron-90-paz-total-petro-fip-LM39608704">according to El Colombiano</a>. That is not an interpretation of the policy; it is the count.</p>
<p>The sharpest version of that failure, for a business, is extortion. Ministry of Defense data <a href="https://www.lafm.com.co/orden-publico/cifra-record-estorsiones-colombia-gupos-criminales-399304">reviewed by La FM</a> shows 2,914 extortion complaints filed in the first three months of 2026, the highest quarterly figure in 10 years. Gen. William Rincón, director of the National Police, told La FM that more complaints do not automatically mean more crimes, and put the year-over-year increase at 13.1 percent for the same period. La FM identifies merchants, shopkeepers, cattlemen and small business owners as the standing victims of that economy.</p>
<h3>A mandate Medellín paid for</h3>
<p>De la Espriella won the June 21, 2026, runoff with 12,959,542 votes against 12,708,712 for <a href="https://ivancepedacastro.com/">Iván Cepeda</a> — a margin of 250,830 votes, which <a href="https://www.eltiempo.com/politica/elecciones-colombia-2026/como-votaron-bogota-medellin-y-otras-ciudades-en-colombia-asi-les-fue-a-abelardo-de-la-espriella-e-ivan-cepeda-en-la-segunda-vuelta-presidencial-3566040">El Tiempo put at 0.96 percentage points</a> of all ballots cast, blank and null included, in the <a href="https://www.registraduria.gov.co/"><em>Registraduría Nacional del Estado Civil</em></a> (National Civil Registry) preliminary count. MercoPress called it the narrowest margin in a Colombian runoff in 32 years. In the same El Tiempo breakdown, Medellín gave him 819,285 votes against 421,839 for Cepeda — a net margin of about 397,000, larger than the entire national margin, out of a single metropolitan area. Bogotá went the other way, 2,235,514 to 1,933,243. <a href="https://worldpopulationreview.com/cities/colombia/bogota">World Population Review</a> puts Bogotá at roughly 7.9 million against <a href="https://worldpopulationreview.com/cities/colombia/medellin">2.5 million</a> for Medellín, so the smaller city delivered the decisive block. Take Medellín out of the arithmetic and Abelardo de la Espriella is not the president of Colombia.</p>
<h2 style="text-align: center;"><span style="color: #ff0000;">Click above to watch the video!</span></h2>
<p>That is arithmetic, not commentary, and Medellín knows it. The city will expect a return, and an itemized one: the international airport expansion, highway concessions, hard security and continued support for the business climate that made it a destination for nearshoring and technology investment. That is the first political claim on the new government, and it arrives ahead of everything else in the program.</p>
<p>The inauguration was supposed to happen somewhere else. De la Espriella wanted to be sworn in at a military garrison in Popayán, and the Senate approved moving Congress to Cauca for it. Petro killed that on July 24, 2026: “I give no permission to any garrison or military establishment to make itself ready for the swearing-in of any official of the civil power in Colombia,” he said, in a statement <a href="https://www.elcolombiano.com/colombia/petro-ordena-fuerzas-militares-no-preparar-instalaciones-posesion-abelardo-HC39197653">carried by El Colombiano</a> that extended to the Army, the Navy and the National Police. <a href="https://www.lasillavacia.com/silla-nacional/preguntas-y-respuestas-sobre-la-posesion-de-abelardo-de-la-espriella/">La Silla Vacía</a> traced what followed: the House approved the switch to Cali 117 to 7 on July 28, the Senate followed on July 29 by 58 to 30 with 15 abstentions, and de la Espriella’s team cited volcanic activity around Popayán, whose Guillermo León Valencia airport had been shut more than a third of the preceding 20 days. <a href="https://pactohistorico.co/"><em>Pacto Histórico</em></a> (Historic Pact) lost its own blocking motion 114 to 6 and then announced it would not attend the ceremony at all. Per MercoPress, Congress convened at <a href="https://www.usc.edu.co/"><em>Universidad Santiago de Cali</em></a>’s arena, Senate President Honorio Henríquez placed the presidential sash on him, and de la Espriella then moved to the Pichincha Battalion, where he spoke to armed forces and police commanders for more than an hour. The same report lists King Felipe VI of Spain among the attendees, along with Javier Milei of Argentina, Daniel Noboa of Ecuador, Santiago Peña of Paraguay and José Raúl Mulino of Panama, with José Antonio Kast of Chile there for bilateral meetings on the sidelines, and records Cepeda ending the day by announcing a shadow cabinet.</p>
<p>Worth noting, because it complicates the symbolism: Cali voted against him, 682,166 to 443,047, and so did Barranquilla, 375,178 to 309,652 — the city he wants recognized as an alternate capital. That designation is not ordinary legislation. <a href="https://www.infobae.com/colombia/2026/07/23/que-tan-viable-es-la-propuesta-de-abelardo-de-la-espriella-para-que-barranquilla-sea-capital-alterna-de-colombia-este-es-el-paso-a-paso/">Infobae laid out the route</a>: Article 322 of the Constitution makes Bogotá the sole capital and Capital District, so recognizing Barranquilla requires an <em>acto legislativo</em> (constitutional amendment) — eight debates across two rounds, against the four an ordinary law needs. “The forgetting is over, the neglect is over, the centralist abandonment is over,” de la Espriella said in announcing it, <a href="https://www.semana.com/politica/articulo/abelardo-de-la-espriella-confirma-propuesta-de-acto-legislativo-para-que-barranquilla-sea-reconocida-como-capital-alterna/202650/">per Semana</a>. He has cast it as a break with Rafael Núñez: “A hundred and forty years ago Colombia did not have a president from the Caribbean. The last was President Núñez. But I am not going to make Núñez’s mistake. I am not going to defend the centralism that President Núñez defended. I am going to defend decentralization,” he said, <a href="https://www.infobae.com/colombia/2026/07/22/abelardo-de-la-espriella-quiere-convertir-a-barranquilla-en-la-capital-alterna-de-colombia-se-acabo-el-abandono-centralista/">in remarks reported by Infobae</a>. The physical seat is already going up: <a href="https://www.elheraldo.co/atlantico/2026/07/20/la-segunda-brigada-se-convertira-en-la-sede-presidencial-de-abelardo/">El Heraldo reported</a> that the Army’s Second Brigade at the Batallón Paraíso will house it, with the Atlántico governor’s office under Eduardo Verano executing the works. <a href="https://www.eltiempo.com/politica/gobierno/una-presidencia-regional-con-tres-sedes-oficiales-los-retos-de-la-nueva-forma-de-despachar-que-propone-abelardo-de-la-espriella-3577019">El Tiempo counts three regional seats in all</a>: Barranquilla, plus the Centro Cultural de Cali, offered by Mayor Alejandro Eder and plaqued as an alternate presidential seat, and Medellín’s Palacio de la Cultura Rafael Uribe Uribe. In Bogotá itself the presidency moves to the <em>Palacio de San Carlos</em>, which currently houses the Foreign Ministry, while the <em>Casa de Nariño</em> becomes a museum open to the public.</p>
<p>His diagnosis is sound, and the problem is older than any of us: power in Colombia has been concentrated in the capital since independence, and the coast, the Pacific, the plains and the south have paid for it. Whether this becomes an actual redistribution of investment and institutional capacity, or a series of well-photographed ceremonies in cities that did not vote for him, will take a year or more to read.</p>
<h3>A mandate without a legislature</h3>
<p>The <em>Consejo Nacional Electoral</em> (National Electoral Council) granted legal status to de la Espriella’s <a href="https://defensoresdelapatria.com/"><em>Defensores de la Patria</em></a> (Defenders of the Homeland) on August 3, 2026 — six magistrates in favor, one against and two absent — on the strength of the 12,960,166 votes certified to the ticket in the final scrutiny — 624 more than the preliminary count above — or 49.66 percent, nearly 14 times the 3 percent threshold the law requires, <a href="https://www.infobae.com/colombia/2026/08/03/cne-otorgo-personeria-juridica-al-movimiento-defensores-de-la-patria-de-abelardo-de-la-espriella-asi-se-celebro-la-decision/">as Infobae reported</a>. He was inaugurated four days later. The party holds no seats in either chamber; Infobae puts its first electoral outing at the regional elections of October 2027, and the next congressional cycle is March 2030.</p>
<p>The Congress he has to work with was elected on March 8, 2026, and seated on July 20, 2026. <a href="https://www.elpais.com.co/politica/cne-inicia-escrutinio-final-de-senado-en-2026-pacto-historico-y-centro-democratico-consolidan-sus-mayorias-0622.html">El País of Cali reported</a> <em>Pacto Histórico</em> rising from the 20 Senate seats it won in 2022 to 25, and <a href="https://www.centrodemocratico.com/"><em>Centro Democrático</em></a> (Democratic Center) from 13 to 17. In the House, <a href="https://www.larepublica.co/economia/asi-quedo-el-mapa-del-congreso-para-la-legislatura-que-arranco-el-20-de-julio-4439788">La República counted</a> 183 seats, with <em>Pacto Histórico</em> again the largest bloc at 41, <em>Centro Democrático</em> second at 30 and the <em>Partido Liberal</em> (Liberal Party) at 24, one Cundinamarca seat still disputed. The largest single bloc in both chambers belongs to the coalition he just defeated.</p>
<p>That matters more than the usual first-100-days handicapping, because the marquee items all need a legislature. Abolishing the <em>Instituto Nacional Penitenciario y Carcelario</em> (National Penitentiary and Prison Institute), or INPEC, would require statutory change and a redefinition of the state’s role in prison administration. The alternate capital requires a constitutional amendment. So would eliminating the <a href="https://www.jep.gov.co/"><em>Jurisdicción Especial para la Paz</em></a> (Special Jurisdiction for Peace), or JEP, a tribunal created by constitutional amendment under the 2016 peace accord. What a president can do alone is issue decrees and direct the security forces, and that is what week one consisted of.</p>
<p>The traditional right cannot rescue him, because it is coming apart at exactly the moment he needs it. <em>Centro Democrático</em>’s candidate, Paloma Valencia, won the right-wing inter-party consultation in March 2026 with more than 3 million votes and had been polling near 20 percent going into the May 31, 2026, first round. A <a href="https://www.eltiempo.com/politica/elecciones-colombia-2026/nueva-encuesta-guarumo-asi-ha-sido-la-intencion-de-voto-de-paloma-valencia-paso-de-6-9-por-ciento-en-enero-a-19-9-por-ciento-en-marzo-3543646">Guarumo poll published by El Tiempo</a> had her at 19.9 percent in March 2026, up from 6.9 percent in January. She finished the May 31 first round with 1,639,668 votes, 6.92 percent, behind de la Espriella’s 43.74 percent and Cepeda’s 40.90 percent, <a href="https://www.elespectador.com/politica/elecciones-colombia-2026/resultados-elecciones-presidenciales-colombia-2026-en-vivo-quien-gano/">per El Espectador’s tally of the Registraduría count</a> — ending roughly where she had started the year. A party founded in 2013 to be the wall against the Colombian left finished third, behind both the man who beat it and the left coalition it exists to stop.</p>
<p>María Fernanda Cabal left the party in January 2026 along with her husband, José Félix Lafaurie, who heads the <a href="https://www.fedegan.org.co/"><em>Federación Colombiana de Ganaderos</em></a> (Colombian Federation of Cattle Ranchers), telling <a href="https://www.infobae.com/colombia/2026/01/26/maria-fernanda-cabal-renuncio-al-centro-democratico-junto-con-su-esposo-jose-felix-lafaurie-no-queremos-continuar/">Infobae</a> that the internal process which selected Valencia over her was irregular. In August 2026, she went further and filed for an <em>escisión</em> (a formal legal split) of the party. “No party can survive when it renounces the ideas that gave it origin,” she wrote, in remarks <a href="https://www.infobae.com/colombia/2026/08/08/maria-fernanda-cabal-confirmo-solicitud-de-escision-del-centro-democratico-es-cuestion-de-identidad/">also carried by Infobae</a>. Valencia, for her part, told a meeting in Antioquia that “we have to understand very clearly what party we are in. This is not a right-wing party.”</p>
<p>Álvaro Uribe’s own legal position complicates the popular version of this story. Judge Sandra Liliana Heredia sentenced him on August 1, 2025, to 12 years of house detention and a fine of $3.444 billion COP for procedural fraud and bribery in a criminal proceeding, the first former Colombian president convicted by the ordinary courts after waiving his congressional privilege in 2020. “The damage was colossal,” she said, <a href="https://www.elespectador.com/judicial/condena-a-alvaro-uribe-jueza-explica-condena-de-12-anos-en-casa-por-carcel/">as El Espectador reported</a>. The <em>Tribunal Superior de Bogotá</em> (Bogotá Superior Court) <a href="https://www.elespectador.com/judicial/alvaro-uribe-es-inocente-tribunal-superior-de-bogota-en-caso-de-manipulacion-de-testigos/">acquitted him on October 21, 2025</a>, finding he had committed neither offense. <a href="https://www.infobae.com/colombia/2025/10/21/alvaro-uribe-fue-declarado-inocente-de-todos-los-cargos-en-su-contra-tribunal-superior-de-bogota-revoco-la-condena-en-segunda-instancia/">Infobae reported</a> that the court held the interceptions of Uribe’s calls with his attorney Diego Cadena to be illegal and threw them out, and found contradictions and personal motives in the accounts of the former paramilitaries whose testimony carried the case. The <a href="https://www.fiscalia.gov.co/"><em>Fiscalía General de la Nación</em></a> (Attorney General’s Office) and the accredited victims filed cassation appeals with the <a href="https://www.cortesuprema.gov.co/"><em>Corte Suprema de Justicia</em></a> (Supreme Court of Justice) on January 13, 2026, <a href="https://www.infobae.com/colombia/2026/01/15/los-recursos-de-casacion-con-los-que-se-inicia-la-batalla-final-por-el-caso-uribe-en-la-corte-suprema-de-justicia/">as Infobae reported</a>, and Infobae also <a href="https://www.infobae.com/colombia/2026/02/03/la-corte-suprema-de-justicia-freno-el-tramite-del-recurso-de-casacion-en-el-caso-uribe-sobre-actuacion-penal-y-fraude-procesal/">reported the court halting the proceeding</a> in February 2026 over a recusal motion against one of its magistrates. Convicted, then un-convicted, with the final word still pending.</p>
<p>Regardless of how that ends, the political cost has landed. <em>Centro Democrático</em> was built around Uribe’s personal ability to anoint a candidate and deliver the votes behind them, and the legal fight, his age and the unpopularity of the Duque administration have drained that ability. The loyalists still worship the man, but his base is aging along with him and that circle is visibly shrinking. Younger conservatives who were not around to admire his successes against the guerrillas went a different direction this cycle, in some respects further right than Uribe and his movement.</p>
<blockquote><p>&#8220;The peace commissioner’s office is finished, because there will be no more false peace processes in my government.&#8221; — Abelardo de la Espriella, president of Colombia</p></blockquote>
<h3>The program, and what it will cost</h3>
<p>On his first day, de la Espriella signed the decree creating the <em>Bloque de Defensa para la Seguridad Urbana</em> (Urban Security Defense Block), which he had announced on July 5, 2026, while convening the mayors of Bogotá, Medellín, Cali, Barranquilla and Bucaramanga. “To issue effective measures matched to the needs of the worst-affected cities, I am convening the mayors of Bogotá, Medellín, Cali, Barranquilla and Bucaramanga so that, starting from their needs, we can create the largest urban security operation in Colombia,” he said, <a href="https://www.eltiempo.com/bogota/alcalde-galan-respalda-proyecto-de-seguridad-urbana-de-abelardo-de-la-espriella-listos-para-trabajar-con-el-nuevo-gobierno-y-desarticular-bandas-3569295">in remarks reported by El Tiempo</a>. Bogotá Mayor Carlos Galán backed it in the same account: “the country needs to redefine its criminal policy. Far from rewarding criminal gangs, we must punish them. Anyone who commits a violent crime or reoffends in criminal conduct that harms the lives of others belongs in prison, not on the streets.” Medellín Mayor Federico Gutiérrez answered, in a post <a href="https://www.elheraldo.co/colombia/2026/07/06/alcaldes-respaldan-los-bloques-de-seguridad-urbana-propuestos-por-abelardo-de-la-espriella/">carried by El Heraldo</a>, “We are ready, President Abelardo de la Espriella… The only ones who should feel afraid are the criminals.” His inauguration address added a tax reform aimed at evasion, elimination of the wealth tax, publication of an official list of narco-terrorist organizations, coca eradication and financial inclusion for informal workers, according to MercoPress.</p>
<p>The centerpiece of the longer program is a set of maximum-security <em>megacárceles</em> (mega-prisons) modeled on the Terrorism Confinement Center, or CECOT, built by Salvadoran President Nayib Bukele. Speaking to Caracol Radio in March 2026, <a href="https://www.infobae.com/colombia/2026/03/26/de-la-espriella-propone-diez-mega-carceles-concesionadas-y-eliminar-el-inpec-para-enfrentar-la-crisis-carcelaria-en-colombia-asi-se-van-a-financiar/">in an interview Infobae wrote up</a>, he described “ten mega-prisons in the middle of nowhere, where not even the signal of the Holy Cross gets in,” to be built with private capital in exchange for concessions of “fifty, seventy, eighty years, whatever it takes,” and confirmed the Bukele model when asked directly. On INPEC he was blunter: “INPEC is a cancer for Colombian justice and for Colombian society. It has to be taken out.” The number is not settled — <a href="https://www.eltiempo.com/politica/elecciones-colombia-2026/abelardo-de-la-espriella-anuncio-los-10-pilares-de-su-gobierno-plan-colombia-ii-reduccion-del-estado-en-40-7-megacarceles-y-otras-medidas-3561778">El Tiempo’s summary of his 10 governing pillars</a> put it at seven. A senior Salvadoran government official said Bukele’s administration is willing to advise Colombia on the build, in an interview with Semana <a href="https://www.chicanoticias.com/2026/08/08/bukele-abelardo-megacarceles/">reported by Chicanoticias</a>. Medellín is not waiting: Gutiérrez has announced a high-security facility for more than 1,300 inmates, financed with public and private funds, guarded by its own dedicated force rather than INPEC officers, and expected to open in 2027, according to AFP reporting <a href="https://www.france24.com/en/live-news/20260220-colombia-s-medellin-builds-mega-prison-inspired-by-el-salvador-s-cecot">carried by France 24</a>.</p>
<p>The baseline is genuinely bad. A <em>Contraloría</em> (Comptroller General) review running to 306 findings, <a href="https://www.eltiempo.com/justicia/investigacion/los-306-hallazgos-de-contraloria-hacinamiento-del-27-y-deficit-de-12-000-guardianes-la-papa-caliente-que-inpec-deja-al-gobierno-de-la-espriella-3572983">reported by El Tiempo</a>, puts overcrowding at 27.1 percent at the close of March 2026, against 19.9 percent in February 2022. Installed capacity rose by 378 beds in four years, from 80,647 to 81,025, while the inmate population grew by 6,246, from 96,703 to 102,949. El Tiempo puts the guard shortfall at up to 12,000, even as the custody corps itself grew from 12,715 to 14,142 officers. The economics are the harder problem. <a href="https://www.lanacion.com.co/cumplira-el-tigre-su-promesa-de-10-megacarceles/">La Nación of Neiva</a> estimates each facility at more than $1 trillion COP and three to four years to build, and cites the <em>Universidad de los Andes</em> security and drugs research center noting that five earlier national planning-council prison-infrastructure plans rarely executed more than 20 percent of their targets, while the combined budget of INPEC and the prison services agency USPEC went from $1.6 trillion COP to more than $4 trillion COP between 2015 and 2025 without improving recidivism.</p>
<p>Colombia does not bring a strong balance sheet to that negotiation. The Finance Ministry’s own <a href="https://www.irc.gov.co/en/sovereign-credit-ratings">investor relations office</a> lists <a href="https://www.spglobal.com/ratings/en/">S&amp;P Global Ratings</a> at BB- in foreign currency with a stable outlook as of April 2026, <a href="https://www.fitchratings.com/">Fitch Ratings</a> at BB stable as of December 2025, and <a href="https://www.moodys.com/">Moody’s Ratings</a> at Baa3 stable as of June 2025 — two of the three agencies below investment grade, with Moody’s alone still holding the sovereign at its lowest investment-grade notch. The April cut was Colombia’s fourth on S&amp;P’s scale since 2020, <a href="https://www.elespectador.com/economia/sp-rebaja-la-calificacion-de-colombia-a-bb-las-razones-detras-de-la-decision/">El Espectador reported</a>, quoting José Ignacio López of the financial research institute ANIF that the country “keeps moving away from investment grade.” A government proposing a mega-prison program on that scale, a national urban security surge and the elimination of the wealth tax, from that starting point, will be judged on sequencing rather than on ambition.</p>
<h3>Then the ground moved</h3>
<p>At 7:34 a.m. on Monday, August 10, 2026, a magnitude 7.4 earthquake struck western Colombia, centered on San José del Palmar in Chocó, a community of 4,800 people about 400 kilometers west of Bogotá. <a href="https://www.aljazeera.com/news/2026/8/11/colombia-quake-frantic-search-for-survivors-as-over-2700-reported-missing">Al Jazeera, reporting with AP and Reuters</a>, sourced the epicenter to the <a href="https://www.usgs.gov/">United States Geological Survey</a> and put the toll at 250 dead or more by August 11, with more than 2,700 people reported missing on citizen-run websites and about 1,600 buildings damaged or destroyed. Several upper floors of Cali’s <em>Hospital Universitario del Valle</em> collapsed, including pediatric wards, with roughly 600 patients treated in a street full of rubble; hospital director Irne Torres Castro described the scene to Caracol television. The same report cites the <a href="https://www.sgc.gov.co/"><em>Servicio Geológico Colombiano</em></a> (Colombian Geological Service) recording 21 aftershocks by late Monday, and quotes Camila Gómez, deputy director of programs for Colombia and Venezuela at the International Rescue Committee, calling it the largest earthquake Colombia has experienced in two decades.</p>
<blockquote class="twitter-tweet" data-media-max-width="560">
<p dir="ltr" lang="es">Imágenes desgarradoras del terremoto en Pereira muestra como se les viene encima la casita a esta familia. Pensando más en lo material que en sus vidas, pero nadie sabe cuánto costó conseguirlo. <a href="https://x.com/hashtag/terremoto?src=hash&amp;ref_src=twsrc%5Etfw">#terremoto</a> <a href="https://x.com/hashtag/temblor?src=hash&amp;ref_src=twsrc%5Etfw">#temblor</a> <a href="https://t.co/i7gqeZmy5B">pic.twitter.com/i7gqeZmy5B</a></p>
<p>— Don Ramon (@RuedaJohnn37191) <a href="https://x.com/RuedaJohnn37191/status/2088594702807322855?ref_src=twsrc%5Etfw">August 15, 2026</a></p></blockquote>
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<p>Per that same account, de la Espriella declared a national state of emergency, mobilized what he called “the entire military and police apparatus,” traveled to Quibdó and to Cali, and promised rental subsidies for people whose homes were damaged. Curfews went up in Cali, Armenia and Manizales; hospitals in five cities went to red alert; airports at Pereira, Manizales, Quibdó, Armenia, Cartago and Buenaventura suspended operations for structural inspection. “Chocó will never again be the land of the forgotten,” he said in Quibdó. MercoPress reported his appointment of geological engineer David Suárez Tamayo to head the <a href="https://portal.gestiondelriesgo.gov.co/"><em>Unidad Nacional para la Gestión del Riesgo de Desastres</em></a> (National Disaster Risk Management Unit).</p>
<p>That Quibdó sentence is the decentralization argument, delivered under conditions nobody would have chosen. Counting the departments behind the cities named above — Chocó, Valle del Cauca, Risaralda, Quindío and Caldas — the quake hit the exact periphery the alternate-capital project is nominally about, and it hit the department where he had been sworn in three days earlier. It is also the first hard test of a government whose organizing promise is that the state can show up where it never has. On the early evidence, the machinery is being learned in real time. Colombia requested supplies but not foreign rescue personnel, despite offers from at least six countries, issuing a diplomatic note on August 11, 2026, that <a href="https://en.mercopress.com/2026/08/12/colombia-asks-for-supplies-but-not-foreign-rescue-personnel-after-the-earthquake">MercoPress noted does not formally amount to an international appeal</a>. The same report has Bukele making Colombia’s position public before Bogotá did, and quotes international relations scholar Sandra Borda saying “the government is learning on the go how the mechanism works,” and that cities cannot channel aid directly. The posture shifted within days. By August 15, in <a href="https://www.eltiempo.com/politica/abelardo-de-la-espriella/presidente-abelardo-de-la-espriella-hablo-con-donald-trump-le-pedi-que-considerara-la-suspension-temporal-de-los-altos-aranceles-3578664">the same El Tiempo report that carried his call with Trump</a>, the <em>Unidad Nacional para la Gestión del Riesgo de Desastres</em> (National Disaster Risk Management Unit), or UNGRD, had begun formalizing requests for specialized teams from the United States, El Salvador, Ecuador and Israel, and de la Espriella had <a href="https://www.eltiempo.com/politica/abelardo-de-la-espriella/presidente-de-la-espriella-y-benjamin-netanyahu-hablaron-por-telefono-sobre-ayuda-de-israel-a-colombia-tras-el-terremoto-le-agradeci-profundamente-3578620">thanked Benjamin Netanyahu by telephone</a> for the Israeli search-and-rescue crews.</p>
<blockquote class="twitter-tweet" data-media-max-width="560">
<p dir="ltr" lang="es">🔴Se conocen impactantes imágenes del momento exacto en el que colapsó una edificación en la entrada del Centro del Comercio, en la ciudad de Pereira, durante el terremoto de 7,4 que se registró en Colombia el pasado 10 de agosto.</p>
<p>Las grabaciones muestran la caída de fragmentos… <a href="https://t.co/oNZGvdbCJC">pic.twitter.com/oNZGvdbCJC</a></p>
<p>— EL TIEMPO (@ELTIEMPO) <a href="https://x.com/ELTIEMPO/status/2088238406203511075?ref_src=twsrc%5Etfw">August 14, 2026</a></p></blockquote>
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<p>For the fiscal picture above, the quake is not a footnote. Reconstruction across those five departments now competes directly with prison concessions and an urban security surge for the same constrained peso. That belongs in any risk model built on the strength of the new security program.</p>
<h3>Washington promises a billion dollars, and raises the tariff</h3>
<p>The external position moved faster than anything domestic. On inauguration day, the US State Department released a statement titled <a href="https://www.state.gov/releases/office-of-the-spokesperson/2026/08/a-new-era-in-u-s-colombia-relations">“A New Era in US-Colombia Relations”</a>, announcing that Washington, in coordination with Congress, intends to provide $1 billion USD as part of a security package supporting the new administration. <a href="https://www.eltiempo.com/mundo/eeuu-y-canada/estados-unidos-anuncia-paquete-de-ayuda-por-1-000-millones-de-dolares-para-colombia-en-temas-de-seguridad-tras-posesion-de-abelardo-de-la-espriella-3576964">El Tiempo noted</a> the money is not approved: the statement says only that Washington will work with Congress to assemble it. The reversal it implies is still steep. US assistance to Colombia, which once ran at about $400 million USD a year, fell to roughly $187 million USD during the first year of Trump’s second term, <a href="https://www.infobae.com/colombia/2026/08/07/colombia-se-convierte-en-eje-de-ofensiva-militar-de-trump-contra-narcotrafico-en-la-region-tras-acuerdo-con-de-la-espriella-segun-de-new-york-times/">according to a report to the US Congress cited by Infobae</a> — a cut made in Washington, not in Bogotá, during a period of open dispute over drug policy. In 2025, the United States <a href="https://www.state.gov/releases/office-of-the-spokesperson/2025/10/u-s-decision-not-to-certify-colombias-counternarcotics-efforts-and-sanctions-actions-against-colombian-officials-involved-in-global-illicit-drug-trade">declined to certify Colombia’s counternarcotics performance</a> for the first time since 1997, with a national-interest waiver that withheld the harshest consequences.</p>
<p>MercoPress reported that acting Attorney General Todd Blanche led the US delegation to the inauguration, with Office of National Drug Control Policy director Sara Carter and the vice president’s national security adviser, Cliff Sims; Donald Trump, JD Vance and Marco Rubio did not travel. The same State Department statement folded Colombia into <em>Escudo de las Américas</em> (Shield of the Americas), a regional security initiative backed by the Trump administration. De la Espriella had already placed its Colombian seat in Medellín, announcing on July 22, 2026, that the headquarters would go there “because this is where the head of the serpent of drug trafficking and organized crime is,” <a href="https://www.portafolio.co/economia/gobierno/por-que-medellin-sera-la-sede-en-colombia-del-escudo-de-las-americas-asi-lo-eligio-de-la-espriella-498689">in remarks reported by Portafolio</a> — a strategic choice, and also a second payment on the electoral debt described earlier.</p>
<p>Five days after the inauguration that relationship acquired a considerably harder edge. At an <em>Escudo de las Américas</em> meeting in Panama on August 12, 2026, US Defense Secretary Pete Hegseth said the new Colombian government had asked Washington to join its fight against narcoterrorism, “authorizing joint military operations to destroy the terrorists and the terror networks,” and named Colombia the 19th member of the Coalition Against the Cartels of the Americas. <a href="https://www.eluniversal.com.co/colombia/2026/08/13/colombia-autoriza-operaciones-militares-conjuntas-con-estados-unidos-contra-el-narcotrafico/">El Universal of Cartagena reported</a> the announcement, and <a href="https://www.vanguardia.com/colombia/2026/08/12/abelardo-de-la-espriella-autoriza-operaciones-militares-conjuntas-con-estados-unidos-en-colombia/">Vanguardia</a> and El Tiempo both described what was authorized as joint military operations inside Colombia. That is a different proposition from an assistance package. Aid is a budget line Washington can adjust; foreign forces operating alongside Colombian ones inside Colombia is a sovereignty question, and it was settled in the first week of a presidency that commands no bloc in Congress. Whether that arrangement stays executive or ends up before the legislature is among the most consequential open questions he leaves himself.</p>
<p>The billion-dollar headline needs one piece of context that did not make the statement. <a href="https://www.cbsnews.com/news/colombia-president-asks-trump-to-suspend-tariffs-after-earthquake/">CBS News reported</a> that at the end of July 2026, roughly a week before the “new era” release, the United States raised its general tariff on Colombian imports from 10 percent to 12.5 percent, with exceptions including coffee and oil. After the earthquake, de la Espriella’s first substantive ask of Trump was to undo it. <a href="https://www.eltiempo.com/politica/abelardo-de-la-espriella/presidente-abelardo-de-la-espriella-hablo-con-donald-trump-le-pedi-que-considerara-la-suspension-temporal-de-los-altos-aranceles-3578664">He told El Tiempo</a> that the 10-minute call was “very friendly and cordial,” that he had asked Trump to consider a temporary suspension “to relieve our businesspeople, who are facing very difficult times because of the effects of the earthquake,” and that he had described the task ahead as rebuilding Colombia “in the middle of the economic situation — so difficult, so apocalyptic — that I inherited.” CBS News put the accompanying US assistance at $26.5 million USD, up from the $15.5 million USD announced on the day of the quake.</p>
<p>In his victory speech in Barranquilla, covered at the time by Finance Colombia, he framed the shift as Colombia returning to its place among the free nations, as a serious partner and a loyal ally rather than a dependent one. A relationship in which the ally sets your tariff rate and you ask for relief by telephone is a workable relationship. Whether it stays reciprocal, or curdles into dependency on whichever administration holds the White House, is a fair question over four years, and it is worth asking no matter who is in Washington.</p>
<h3>Troublesome tendencies in Abelardo&#8217;s background</h3>
<p>Between 2008 and 2019, de la Espriella filed 109 criminal complaints for defamation and slander against journalists, reporters and other citizens, according to <em>Fiscalía</em> figures provided to the <a href="https://flip.org.co/"><em>Fundación para la Libertad de Prensa</em></a> (Foundation for Press Freedom), or FLIP. Most were archived, withdrawn or went nowhere, which is precisely FLIP’s point about them: <a href="https://flip.org.co/pronunciamientos/la-flip-advierte-sobre-el-impacto-del-acoso-judicial-en-el-debate-publico">the organization argues</a> that the effect of repeated recourse to lawsuits, injunctions, rectification demands and platform complaints is measured not in convictions but in legal costs, attrition and self-censorship.</p>
<p>Ahead of the runoff, FLIP and the <a href="https://www.fidh.org/en/">International Federation for Human Rights</a> issued a joint statement describing a pattern of attacks against the press, and FLIP’s own June 18, 2026, statement characterized it as “public disparagement, accusations of alleged political agendas, judicial harassment of journalists, baseless challenges to editorial independence, and actions aimed at undermining journalism on matters of public interest related to his candidacy.” The same <a href="https://latamjournalismreview.org/news/organizations-warn-of-colombian-presidential-frontrunners-pattern-of-attacks-against-the-press/">LatAm Journalism Review summary</a> records de la Espriella’s answer, that it is necessary to “set limits on journalists who believe they are untouchable.” He now says that with the machinery of the state behind him rather than a private lawyer’s caseload. Whether he has matured on this point, or simply acquired better tools, is one of the first real tests of the term.</p>
<p>In July 2026, he announced the closure of the Office of the High Commissioner for Peace along with the presidential offices for National Reconciliation and for Human Rights and International Humanitarian Law, folding their functions into the Interior, Foreign Affairs and Defense ministries on the argument that those competencies already sit there and the offices duplicate them. “The peace commissioner’s office is finished, because there will be no more false peace processes in my government,” he said, <a href="https://www.eltiempo.com/politica/abelardo-de-la-espriella/no-habra-mas-procesos-de-falsa-paz-presidente-electo-abelardo-de-la-esperilla-anuncia-el-fin-de-la-oficina-del-comisionado-para-la-paz-3570982">as El Tiempo reported</a>. The Unit for Implementation of the Final Agreement goes with them, its responsibilities passing to a new National Security Commissioner — the postconflict brief absorbed into a security structure. <a href="https://www.infobae.com/colombia/2026/07/22/esto-le-cuesta-a-colombia-mantener-funcionando-la-oficina-del-comisionado-de-paz-y-los-otros-cargos-que-de-la-espriella-cerraria-en-su-gobierno/">Infobae put the scope</a> at 229 positions cut from the Presidency as of August 7, 2026, for a projected annual saving of $10 billion COP. Winding down a negotiating strategy that failed on the numbers above is a defensible decision. El Tiempo’s reading of the rest is the part worth sitting with: the move dismantles the two offices that tracked state human rights policy and compliance with Colombia’s international commitments, and leaves those subjects with no unit reporting directly to the president.</p>
<p>The prison model carries the same risk in another form. The attraction of Bukele’s system, in de la Espriella’s own telling, is the collapse in gang violence that followed it. What it also produced is documented: <a href="https://www.amnesty.org/es/latest/news/2026/07/el-salvador-el-costo-humano-del-regimen-de-excepcion-podria-constituir-crimenes-de-lesa-humanidad/">Amnesty International</a> found that four years into El Salvador’s state of emergency more than 90,000 people had been detained and at least 470 had died in state custody, in a report titled <a href="https://www.amnesty.org/es/documents/amr29/0967/2026/es/"><em>«Seguridad» sin derechos</em></a> (“Security” Without Rights) built on six documentation visits between May 2022 and January 2025, 109 interviews and direct examination of more than 80 individual cases. The organization argues the pattern could amount to crimes against humanity. Whether Colombia’s version imports the first result without the second is unknown, because the program does not exist yet. It belongs near the top of the watch list for the coming year, and not only on financial grounds.</p>
<h3>What to watch</h3>
<p>In the Barranquilla victory speech quoted earlier, de la Espriella struck a different note than his record suggests: no victors and no vanquished, no retaliation, no persecution, rights respected even for those who did not vote for him. With a margin under 1 percentage point, a party four days old at inauguration and no bloc in Congress, that posture is arithmetic before it is generosity. It is also the only version of this presidency with a chance of surviving past a single term.</p>
<p>The collapse documented here fell hardest on low-income Colombians in the cities and the countryside — the people without private security, who cannot simply avoid a dangerous neighborhood. If the crackdown that began under the urban security decree goes after the armed structures themselves rather than the poorest people living next to them, the homicide and extortion trends can reverse. If it does not, the country trades one set of victims for another and buys a human rights problem on top of a security problem.</p>
<p>Five markers will tell the story faster than any speech. Whether quarterly extortion and homicide figures move, and in which municipalities. Whether financing for the prison program appears as an actual budget line rather than a concession announcement, now that reconstruction has a prior claim on it. Whether the <em>Corte Suprema</em> rules on Uribe, and what that does to what is left of <em>Centro Democrático</em>. Whether the alternate-capital amendment survives even the first of its eight debates. And whether any rating agency moves an outlook on the strength of the new fiscal posture, or against it on the cost of the quake.</p>
<p>The armed groups tested every recent transition in Colombia early, and there is no reason to expect this one to be different. The FARC dissident structures and the National Liberation Army, or ELN, will test the response, and the way this administration answers that first test — in Cauca, in Catatumbo, in the Bajo Cauca — will tell you more about the next four years than the first 100 days of decrees.</p>
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		<item>
		<title>After Four Years: Petro’s Legacy</title>
		<link>https://www.financecolombia.com/after-four-years-petros-legacy/</link>
		
		<dc:creator><![CDATA[Jadin Samit Vergara]]></dc:creator>
		<pubDate>Sun, 09 Aug 2026 09:12:55 +0000</pubDate>
				<category><![CDATA[Law, Justice & Peace]]></category>
		<category><![CDATA[Public Sector & Education]]></category>
		<category><![CDATA[abelardo de la espriella]]></category>
		<category><![CDATA[banco de la republica]]></category>
		<category><![CDATA[Casa de Nariño]]></category>
		<category><![CDATA[Clan del Golfo]]></category>
		<category><![CDATA[Congress of Colombia]]></category>
		<category><![CDATA[Constitutional Court]]></category>
		<category><![CDATA[dane]]></category>
		<category><![CDATA[Departamento Administrativo Nacional de Estadística]]></category>
		<category><![CDATA[Ejército de Liberación Nacional (ELN)]]></category>
		<category><![CDATA[francia márquez]]></category>
		<category><![CDATA[Gobierno del Cambio]]></category>
		<category><![CDATA[Government of Change]]></category>
		<category><![CDATA[Gustavo Petro]]></category>
		<category><![CDATA[Miguel Uribe]]></category>
		<category><![CDATA[Ministry of Agriculture]]></category>
		<category><![CDATA[peace agreement]]></category>
		<category><![CDATA[Petro´s Legacy]]></category>
		<category><![CDATA[Presidency of Colombia]]></category>
		<category><![CDATA[superintendencia nacional de salud]]></category>
		<category><![CDATA[total peace]]></category>
		<guid isPermaLink="false">https://www.financecolombia.com/?p=38398</guid>

					<description><![CDATA[Petro leaves Colombia with lower poverty, broader political representation and stronger labor protections, but also unfinished reforms, failed peace efforts and corruption scandals....]]></description>
										<content:encoded><![CDATA[<h2>What remains after four years of Colombia’s first left-wing government?</h2>
<p>Four years after <a href="https://x.com/petrogustavo?lang=es">Gustavo Petro</a> took office, Colombia is a different country from the one he inherited in August 2022, but it continues to face some of its deepest historical problems: inequality, violence, drug trafficking, illegal economies, corruption and the state&#8217;s limited ability to exercise control over large parts of the country.</p>
<p>Petro came to power with an ambitious promise: to transform the country. His election represented a historic change in itself. For the first time, a leader from the left reached the <a href="https://www.presidencia.gov.co/">presidency</a>, and social sectors traditionally distant from power gained direct representation in the executive branch.</p>
<p>Four years later, just as the self-described &#8220;<a href="https://www.movimientopactohistorico.co/100logros">Gobierno del Cambio</a>” (<em>Government of Change</em>) comes to an end, the record is mixed. Petro leaves behind measurable social progress, a broader political spectrum capable of competing for power and significant reforms in labor and politics. But he also leaves unfinished projects, a peace policy that failed to achieve its objectives, a persistent crisis in the health care system, corruption scandals, and an administration marked by high ministerial turnover.</p>
<p>Perhaps his deepest legacy lies not in any specific reform, but in demonstrating that Colombian democracy could incorporate sectors that had remained on the margins of power for decades without altering the system of checks and balances that underpins the country&#8217;s democratic processes.</p>
<h2>The main achievement: A broader democracy</h2>
<p>Petro&#8217;s election in 2022 was the culmination of a political process Colombia had been experiencing for decades: the gradual expansion of the ideological spectrum with a realistic chance of reaching the presidency.</p>
<p><a href="https://www.goldmanprize.org/recipient/francia-marquez/">Francia Márquez</a>&#8216;s rise to the vice presidency carried equally profound significance. A Black woman from a region historically affected by poverty and conflict, her election became a symbol of political mobility and representation in a country where economic and social elites have traditionally dominated the main centers of power.</p>
<p>Márquez built part of her political discourse around the &#8220;nadies” (<em>nobodies</em>), an expression intended to champion historically excluded communities. Petro incorporated that narrative during his term and embraced political and social inclusion as one of the defining elements of his administration.</p>
<p>From that perspective, regardless of how its public policies are evaluated, the Petro administration leaves behind a broader democracy: after 2022, Colombia demonstrated that ideological, social, ethnic and regional groups previously distant from presidential power could also reach the <a href="https://casanarino.presidencia.gov.co/">Casa de Nariño</a>. It was a necessary message for a country whose guerrilla movements emerged partly in response to the traditional two-party system of the last century.</p>
<p>Paradoxically, that expansion coexisted with an often-conflictive relationship between the president and some of the institutions designed precisely to limit the exercise of power.</p>
<p>At various points, Petro challenged <a href="https://www.mininterior.gov.co/congreso-de-la-republica-de-colombia/">Congress</a>, the courts, the <a href="https://www.banrep.gov.co/es">Banco de la República</a>, the media and sectors of the opposition when their decisions stood in the way of parts of his agenda. Those checks, however, are not an anomaly in Colombia&#8217;s political system but one of its structural components: the system of checks and balances.</p>
<p>Incoming President <a href="https://x.com/ABDELAESPRIELLA?lang=es">Abelardo de la Espriella</a> will likely face a similar reality. Without his own majorities in Congress, his ability to govern will also depend on negotiations, judicial oversight and institutional limits that no president can eliminate simply by winning an election.</p>
<div id="attachment_38402" style="width: 810px" class="wp-caption alignnone"><img fetchpriority="high" decoding="async" aria-describedby="caption-attachment-38402" class="size-medium wp-image-38402" src="https://www.financecolombia.com/wp-content/uploads/2026/08/Francia-Marquez-durante-la-posesion-como-Vicepresidenta-de-Colombia-1-800x480.jpg" alt="Francia Márquez during her inauguration as vice president of Colombia at Plaza de Bolívar in Bogotá on August 7, 2022. Photo courtesy of the Presidency of Colombia." width="800" height="480" srcset="https://www.financecolombia.com/wp-content/uploads/2026/08/Francia-Marquez-durante-la-posesion-como-Vicepresidenta-de-Colombia-1-800x480.jpg 800w, https://www.financecolombia.com/wp-content/uploads/2026/08/Francia-Marquez-durante-la-posesion-como-Vicepresidenta-de-Colombia-1-417x250.jpg 417w, https://www.financecolombia.com/wp-content/uploads/2026/08/Francia-Marquez-durante-la-posesion-como-Vicepresidenta-de-Colombia-1-768x461.jpg 768w, https://www.financecolombia.com/wp-content/uploads/2026/08/Francia-Marquez-durante-la-posesion-como-Vicepresidenta-de-Colombia-1.jpg 1200w" sizes="(max-width: 800px) 100vw, 800px" /><p id="caption-attachment-38402" class="wp-caption-text">Francia Márquez during her inauguration as vice president of Colombia at Plaza de Bolívar in Bogotá on August 7, 2022. Photo courtesy of the Presidency of Colombia.</p></div>
<h2>Less poverty, more employment and higher wages</h2>
<p>On social issues, several indicators improved during the Petro administration.</p>
<p>In 2025, according to figures from the <a href="https://www.dane.gov.co/">Departamento Administrativo Nacional de Estadística</a>, or DANE, monetary poverty fell to 28%, the lowest level recorded in the country up to that point. Petro had taken office in 2022, when the rate stood at 36.6% following the sharp increase caused by the pandemic.</p>
<p>During the first three years of his administration, about 3.8 million people moved out of monetary poverty and nearly 1 million escaped extreme poverty, according to official DANE figures.</p>
<p>The labor market also improved. Unemployment, which stood at around 11.3% in 2022, fell to about 8% during the first months of 2026.</p>
<p>Petro also ended his term with a 23% increase in the minimum wage for 2026, far above inflation, which closed 2025 at 5.1%. The measure directly benefited about 2.5 million workers and their families and reflected one of the president&#8217;s most consistent political priorities: improving workers&#8217; incomes and conditions.</p>
<p>The labor reform moved in the same direction, increasing the amount employers must pay for nighttime, Sunday and holiday work: one of the country&#8217;s long-standing labor policy shortcomings.</p>
<p>Those results allow the outgoing government to argue that part of its redistributive agenda produced tangible effects, even though Colombia remains a deeply unequal society.</p>
<h2>Reforms that advanced and those left halfway</h2>
<p>The record of Petro&#8217;s major structural reforms is considerably more complex.</p>
<p>Agrarian reform, one of his central campaign promises, fell far short of its goals. Petro had proposed purchasing 1.5 million hectares of land for distribution to farmers and advancing the formalization of 7 million hectares envisioned under the <a href="https://www.jep.gov.co/Normativa/Paginas/Acuerdo-Final.aspx">Peace Agreement</a>.</p>
<p>According to figures from the <a href="https://www.minagricultura.gov.co/">Ministry of Agriculture</a>, more than 462,000 hectares had been purchased by mid-2026, less than one-third of the announced target.</p>
<p>On pensions, the government succeeded in getting Congress to approve an overhaul of the system that replaced competition between public and private regimes with a system based on a public foundation and additional savings mechanisms administered by private entities. To secure its passage, the executive branch had to compromise on some of its original objectives. The reform was subsequently challenged in court, and its implementation was suspended while the <a href="https://www.corteconstitucional.gov.co/">Constitutional Court</a> reviewed the legislative process, which remains unresolved in the absence of a final ruling from the court.</p>
<p>Colombia&#8217;s institutional system thus once again demonstrated the limits any president faces when attempting to implement structural transformations without sufficiently broad political consensus.</p>
<h2>“Total Peace”, one of the administration&#8217;s biggest defeats</h2>
<p>If there was one area where results fell particularly far short of initial expectations, it was security policy and the so-called &#8220;<a href="http://centromemoria.gov.co/paz_total/">Total Peace</a>&#8221; initiative.</p>
<p>Petro came to power proposing simultaneous negotiations with different armed organizations to reduce violence and move toward resolving the conflicts that persisted after the 2016 agreement with the FARC.</p>
<p>Four years later, his government ended without reaching a final agreement with the main armed groups with which it had opened negotiations.</p>
<p>During that period, organizations such as the <a href="https://insightcrime.org/es/noticias-crimen-organizado-colombia/eln-colombia/">Ejército de Liberación Nacional</a> (ELN), and the <a href="https://insightcrime.org/es/noticias-crimen-organizado-colombia/urabenos-perfil/">Clan del Golfo</a> maintained or expanded their operational capacity in different territories, while the country continued to record kidnappings, recruitment of minors, attacks and killings of social and political leaders.</p>
<p>Political violence reached one of its most serious moments with the killing of presidential hopeful <a href="https://congresovisible.uniandes.edu.co/congresistas/perfil/miguel-uribe-turbay/28032/">Miguel Uribe</a>, an event that reminded the country of the dangers of political violence that Colombia had believed it had left behind.</p>
<p>The failure of Total Peace to produce sustainable agreements will likely be one of the most difficult aspects of the outgoing president&#8217;s legacy to defend.</p>
<h2>A health care transformation that never came</h2>
<p>Petro also failed to transform the health care system on the terms he had proposed during the campaign.</p>
<p>The reform became one of the main battlegrounds among the executive branch, Congress, insurers, health care providers and different political sectors.</p>
<p>As that dispute continued, patient petitions, complaints and claims increased from about 915,000 in 2021 to 2.1 million in 2025, according to figures from the <a href="https://www.google.com/search?q=supersalud&amp;oq=suopersa&amp;gs_lcrp=EgZjaHJvbWUqCwgBEAAYChgLGIAEMgYIABBFGDkyCwgBEAAYChgLGIAEMgsIAhAAGAoYCxiABDILCAMQABgKGAsYgAQyCwgEEAAYChgLGIAEMgsIBRAAGAoYCxiABDILCAYQLhgKGAsYgAQyCwgHEAAYChgLGIAEMgsICBAAGAoYCxiABDILCAkQABgKGAsYgATSAQgyNDYzajBqNKgCALACAA&amp;sourceid=chrome&amp;source=chrome.ob&amp;ie=UTF-8#:~:text=Supersalud%20%7C%20Superintendencia%20Nacional,supersalud.gov.co">Superintendencia Nacional de Salud</a>.</p>
<p>By the end of the administration, many patients continued to report difficulties obtaining medications and receiving timely care at hospitals and clinics, while household out-of-pocket spending on health care increased.</p>
<p>Petro profoundly altered the debate over Colombia&#8217;s health care model, but he failed to replace it with the system he had promised.</p>
<h2>Corruption undermined one of Petro&#8217;s central promises</h2>
<p>Perhaps one of the government&#8217;s most politically costly contradictions was corruption.</p>
<p>Petro had built much of his political career denouncing links among corruption, public contracting, and traditional power structures. His arrival at the presidency came with a promise to govern differently.</p>
<p>His administration, however, ended up being affected by several scandals.</p>
<p>The most significant involved the <a href="https://portal.gestiondelriesgo.gov.co/">Unidad Nacional para la Gestión del Riesgo de Desastres</a> (UNGRD), in which investigations pointed to the alleged use of public resources and contracts to benefit members of Congress in exchange for support for government initiatives.</p>
<blockquote><p>The instability caused by the legal troubles surrounding Ricardo Roa, who headed the country&#8217;s most important oil and gas company, also had a profound economic impact, eroding both the company&#8217;s market value and the governance of one of the institutions underpinning the national economy.</p></blockquote>
<p>Those controversies were compounded by investigations and disputes involving members of the president&#8217;s political and family circle. His son, <a href="https://x.com/nicolaspetroB">Nicolás Petro</a>, faced criminal proceedings related to funds received during the campaign, while <a href="https://x.com/Veronicalcocerg">Verónica Alcocer</a>, then the president&#8217;s wife, remains at the center of questions over the use of public funds.</p>
<p>Determining individual responsibility is a matter for judicial and oversight authorities, but politically, the cases eroded one of the central elements of the message that had brought Petro to power.</p>
<h2>More than 60 ministers in four years</h2>
<p>Administrative instability also became a defining feature of the government. Over four years, more than 60 people served across 18 ministries, equivalent to an average of more than three officeholders per ministry.</p>
<p>The changes reflected political crises, disagreements within the governing coalition, differences between ministers and the president, shifts in the executive branch&#8217;s priorities and, at various points, difficulties maintaining a stable administrative course.</p>
<p>The result was a government with considerable rhetorical ability to place issues on the public agenda, but greater difficulty turning some of those debates into sustained policies over its four years in office.</p>
<div id="attachment_38403" style="width: 810px" class="wp-caption alignnone"><img decoding="async" aria-describedby="caption-attachment-38403" class="size-medium wp-image-38403" src="https://www.financecolombia.com/wp-content/uploads/2026/08/Imposicion-de-la-banda-presidencial-por-parte-de-la-congresista-Maria-Jose-Pizarro-1-800x480.jpg" alt="Congresswoman María José Pizarro places the presidential sash on Gustavo Petro during his inauguration at Plaza de Bolívar in Bogotá on August 7, 2022. Photo courtesy of the Presidency of Colombia." width="800" height="480" srcset="https://www.financecolombia.com/wp-content/uploads/2026/08/Imposicion-de-la-banda-presidencial-por-parte-de-la-congresista-Maria-Jose-Pizarro-1-800x480.jpg 800w, https://www.financecolombia.com/wp-content/uploads/2026/08/Imposicion-de-la-banda-presidencial-por-parte-de-la-congresista-Maria-Jose-Pizarro-1-417x250.jpg 417w, https://www.financecolombia.com/wp-content/uploads/2026/08/Imposicion-de-la-banda-presidencial-por-parte-de-la-congresista-Maria-Jose-Pizarro-1-768x460.jpg 768w, https://www.financecolombia.com/wp-content/uploads/2026/08/Imposicion-de-la-banda-presidencial-por-parte-de-la-congresista-Maria-Jose-Pizarro-1.jpg 934w" sizes="(max-width: 800px) 100vw, 800px" /><p id="caption-attachment-38403" class="wp-caption-text">Congresswoman María José Pizarro places the presidential sash on Gustavo Petro during his inauguration at Plaza de Bolívar in Bogotá on August 7, 2022. Photo courtesy of the Presidency of Colombia.</p></div>
<h2>Petro changed who can govern, but not the rules of power</h2>
<p>Gustavo Petro&#8217;s legacy can hardly be reduced to a simple choice between success and failure.</p>
<p>His administration produced tangible social results and expanded the boundaries of political representation in Colombia. It also put issues on the agenda that will likely remain part of the debate under future governments: inequality, the energy transition, agrarian reform, the functioning of the health care system, and representation for historically excluded populations.</p>
<p>But the promise of structural transformation was far broader than the results ultimately achieved.</p>
<blockquote><p>Petro discovered, as his predecessors did and as De la Espriella probably will, that winning the presidency does not mean controlling the Colombian state. Congress, the courts, oversight agencies, the Banco de la República, regional governments, the media and a deeply polarized civil society impose limits on any political project.</p></blockquote>
<p>Petro discovered, as his predecessors did and as De la Espriella probably will, that winning the presidency does not mean controlling the Colombian state. Congress, the courts, oversight agencies, the Banco de la República, regional governments, the media and a deeply polarized civil society impose limits on any political project.</p>
<p>In that sense, the main transformation of these four years may have been less institutional than democratic: Petro did not completely change the way Colombia works, but he did help change the idea of who can govern it.</p>
<p>De la Espriella&#8217;s arrival at the presidency from the opposite end of the ideological spectrum is, paradoxically, another manifestation of that expansion.</p>
<p>Colombia thus ends four years of its first left-wing government and begins its first far-right government. What remains between the two is a democracy with more diverse political alternatives, but one that is also deeply polarized, with institutions under intense strain and many of the country&#8217;s historical problems still unresolved.</p>
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		<title>Analysis: Colombia&#8217;s President-Elect Inherits a Fragmented Congress, a Suspended Fiscal Rule, and a Widening Conflict</title>
		<link>https://www.financecolombia.com/analysis-colombias-president-elect-inherits-a-fragmented-congress-a-suspended-fiscal-rule-and-a-widening-conflict-user-story/</link>
		
		<dc:creator><![CDATA[Loren Moss]]></dc:creator>
		<pubDate>Tue, 21 Jul 2026 01:53:37 +0000</pubDate>
				<category><![CDATA[OpEd, Expert, or Guest Contribution]]></category>
		<category><![CDATA[abelardo de la espriella]]></category>
		<category><![CDATA[andi]]></category>
		<category><![CDATA[August 7 inauguration]]></category>
		<category><![CDATA[CARF]]></category>
		<category><![CDATA[Clan del Golfo]]></category>
		<category><![CDATA[Colombia 2026 election]]></category>
		<category><![CDATA[Colombia security]]></category>
		<category><![CDATA[ecopetrol]]></category>
		<category><![CDATA[ecuador]]></category>
		<category><![CDATA[eln]]></category>
		<category><![CDATA[elsa noguera]]></category>
		<category><![CDATA[Fabio Arjona Hincapié]]></category>
		<category><![CDATA[FARC Dissidents]]></category>
		<category><![CDATA[fenalco]]></category>
		<category><![CDATA[fiscal rule]]></category>
		<category><![CDATA[fragmented Congress]]></category>
		<category><![CDATA[Gustavo Petro]]></category>
		<category><![CDATA[israel]]></category>
		<category><![CDATA[ivan cepeda]]></category>
		<category><![CDATA[Jaime Andrés Beltrán]]></category>
		<category><![CDATA[jorge mora]]></category>
		<category><![CDATA[jose manuel restrepo]]></category>
		<category><![CDATA[Mauricio Gómez Amin]]></category>
		<category><![CDATA[Miguel Gómez]]></category>
		<category><![CDATA[mining]]></category>
		<category><![CDATA[pacto historico]]></category>
		<category><![CDATA[peru]]></category>
		<category><![CDATA[petroleum]]></category>
		<category><![CDATA[presidential transition]]></category>
		<category><![CDATA[rodrigo lara]]></category>
		<category><![CDATA[salvación nacional]]></category>
		<category><![CDATA[total peace]]></category>
		<category><![CDATA[Viviane Morales]]></category>
		<guid isPermaLink="false">https://www.financecolombia.com/?p=37989</guid>

					<description><![CDATA[A political outsider won by less than a point—now he must govern with four seats, a suspended fiscal rule, and a spreading conflict....]]></description>
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<h2>After a sub-1% win, governing will be harder than campaigning.</h2>
<p>The honest answer to &#8220;what comes next&#8221; is that nobody knows. Abelardo de la Espriella is the rarest thing in Colombian politics: a genuine outsider, a man who has never held so much as a dogcatcher&#8217;s post, elected president by a margin so thin it barely registers. On <a href="https://www.financecolombia.com/what-abelardo-de-la-espriellas-win-with-less-than-1-margin-means-for-colombians-investors/">June 21 he defeated Senator Iván Cepeda</a> by less than one percentage point. Anyone who claims to know exactly how he will govern is selling something. But we can read the tea leaves he has left so far — the cabinet, the coalition math, and the mess he is inheriting — and they tell us a good deal.</p>
<p>Start with the result itself, because it is the key to everything that follows. In the <a href="https://www.financecolombia.com/analysis-in-sundays-election-many-colombians-rejected-the-political-status-quo-a-stark-right-left-choice-remains/">May 31 first round</a> de la Espriella took 43.7% of the vote — 10,361,473 ballots — finishing ahead of both Cepeda and Paloma Valencia, the establishment-right candidate backed by former president Álvaro Uribe. To me the message was unmistakable: Colombians rejected Gustavo Petro&#8217;s collectivist experiment, but they also rejected Uribe as the standard-bearer of the right. It was a vote of &#8220;we don&#8217;t like <em>them</em>, but we don&#8217;t much like <em>you</em> either.&#8221; The two old duopoly parties, the Liberals and Conservatives, have not put a president in the Casa de Nariño since the 1990s, and this election confirmed that the country is exhausted with its traditional institutions.</p>
<p>The runoff was closer than expected. Valencia&#8217;s votes drifted to de la Espriella, as anticipated, but Cepeda&#8217;s <em>Pacto Histórico</em> (Historic Pact) mobilized its base with real skill and nearly pulled even. That near-parity is now the defining fact of the incoming presidency.</p>
<h2>A mandate for conciliation — whether he wants one or not</h2>
<p>Here is de la Espriella&#8217;s central problem: he won with roughly half the vote and, as an outsider, he has almost no one in Congress. His movement, <em>Salvación Nacional</em> (National Salvation), holds just three Senate seats and one in the House of Representatives — effectively nothing in a body of 103 senators and 183 representatives, as Finance Colombia laid out in its <a href="https://www.financecolombia.com/after-a-polarized-vote-colombias-next-president-must-navigate-a-fragmented-congress/">analysis of the fragmented Congress</a>. Cepeda, meanwhile, returns to the Senate as the runner-up and will lead an opposition bloc of roughly 30 unified legislators who intend to fight nearly everything the new government proposes.</p>
<p>So de la Espriella will govern by horse-trading. Expect the Conservatives, <a href="https://www.partidocambioradical.org/">Cambio Radical</a> — especially strong on the Caribbean coast, where he is based — the <a href="https://www.partidodelau.com/">Party of La U</a>, and much of Uribe&#8217;s Centro Democrático to drift into his camp. That is precisely why his most consequential early pick is his interior minister. In Colombia that job is the government&#8217;s legislative fixer, and de la Espriella has handed it to Rodrigo Lara, a former senator whose father was murdered by the Medellín cartel and who left politics years ago to build a career in cybersecurity. He knows how Congress works, and he is going to need every bit of that knowledge.</p>
<blockquote><p>&#8220;He campaigned as a firebrand and delivered a conciliatory victory speech. Which is the real Abelardo? We simply do not know yet.&#8221; — Loren Moss, Finance Colombia</p></blockquote>
<h2>The cabinet: technocrats and <em>costeños</em></h2>
<p>The names announced so far tell two stories. The first is competence. The vice president-elect is José Manuel Restrepo, whom I interviewed a decade ago when he was rector of the <a href="https://www.urosario.edu.co/">Universidad del Rosario</a> and could not stop talking about social inclusion. He served as commerce minister and then finance minister under Iván Duque, and while I regard the Duque presidency as largely a failure, Restrepo did a genuinely good job in both posts. The finance portfolio goes to Miguel Gómez, another respected Rosario figure and former ambassador to France who has led the state development bank <a href="https://www.bancoldex.com/">Bancóldex</a>, the insurance federation <a href="https://www.fasecolda.com/">Fasecolda</a>, and the flower-growers&#8217; association Asocolflores. His remit is to restore fiscal balance, and it is a brutal assignment.</p>
<div id="attachment_37993" style="width: 810px" class="wp-caption aligncenter"><a href="https://www.financecolombia.com/wp-content/uploads/2026/07/The-conflict-expands.png"><img decoding="async" aria-describedby="caption-attachment-37993" class="size-medium wp-image-37993" src="https://www.financecolombia.com/wp-content/uploads/2026/07/The-conflict-expands-800x447.png" alt="“The territorial footprint of Colombia’s armed groups, 2018–2026: blue marks zones under a single group’s control, red marks zones where groups actively fight, and green marks zones where they coexist without direct confrontation. Source: Fundación Ideas para la Paz (Ideas for Peace Foundation).”" width="800" height="447" srcset="https://www.financecolombia.com/wp-content/uploads/2026/07/The-conflict-expands-800x447.png 800w, https://www.financecolombia.com/wp-content/uploads/2026/07/The-conflict-expands-417x233.png 417w, https://www.financecolombia.com/wp-content/uploads/2026/07/The-conflict-expands-768x429.png 768w, https://www.financecolombia.com/wp-content/uploads/2026/07/The-conflict-expands.png 1376w" sizes="(max-width: 800px) 100vw, 800px" /></a><p id="caption-attachment-37993" class="wp-caption-text">The territorial footprint of Colombia’s armed groups, 2018–2026: blue marks zones under a single group’s control, red marks zones where groups actively fight, and green marks zones where they coexist without direct confrontation. Source: Fundación Ideas para la Paz (Ideas for Peace Foundation).</p></div>
<p>The security portfolio went to a pointed choice: Gen. (r) Jorge Mora, a retired general whom Petro forcibly retired during a purge of the senior officer corps and who has since been a vocal critic of the outgoing government&#8217;s security policy. He is calling for a stronger military and police presence in the vast rural areas where the state has simply ceased to exist. Rounding out the bench are a striking number of <em>costeños</em>, people from the Caribbean coast: Elsa Noguera at Transportation (former mayor of Barranquilla, former governor of Atlántico, former housing minister), Mauricio Gómez Amin at Commerce, and, most controversially, Viviane Morales at Education. Morales is an evangelical conservative who has said the country should &#8220;take Marx out of the schools and put God back in,&#8221; and she is drawing more opposition than any other appointee. My guess is that reality — a hostile Congress and a powerful teachers&#8217; union — will moderate whatever she has in mind, and that if she becomes a distraction she will not last. The reassuring pick is Fabio Arjona Hincapié at Environment: a marine biologist and former director of <a href="https://www.conservation.org.co/">Conservation International</a> in Colombia. He is a career environmentalist, not an extremist, and business need not fear him chaining himself to a drilling rig. Jaime Andrés Beltrán, the former mayor of Bucaramanga, takes Housing.</p>
<h2>Foreign policy: a great reset</h2>
<p>On the international front, de la Espriella&#8217;s team is signaling a return to career diplomacy rather than campaign loyalists in ambassadorial chairs. He has said he will restore relations with Israel, which Petro severed. He is warmer toward Washington — US President Donald Trump&#8217;s affection for him is no secret — and I expect the personalized, temperamental feuds Petro picked with Peru and Ecuador to cool. Those were real: Colombia and Ecuador <a href="https://www.financecolombia.com/colombia-and-ecuador-escalate-trade-tensions-with-tariffs-raised-to-100/">escalated to 100% border tariffs</a>, and Petro manufactured a <a href="https://www.financecolombia.com/colombian-president-gustavo-petro-ignites-diplomatic-dispute-with-peru-over-amazon-river-island/">dispute with Peru over an Amazon river island</a> that had not been an issue in a century, later inflamed by a <a href="https://www.financecolombia.com/gunfire-incident-on-putumayo-river-revives-tensions-between-colombia-peru/">gunfire incident on the Putumayo River</a>. One irony worth noting: both Petro and de la Espriella are, in addition to being Colombian, Italian citizens.</p>
<h2>The business mood: relief bordering on celebration</h2>
<p>Objectively, this is a win for the business sector. The mining and petroleum industries are already popping corks, because the outgoing government issued no new drilling permits and the sector had warned for years that Colombia was heading toward a natural-gas shortfall. De la Espriella has pledged to restart exploration and production onshore and offshore, and the reaction has been immediate — the petroleum guild <a href="https://www.acp.com.co/">ACP</a> and the mining sector are visibly re-energizing ahead of the September mining expo. The merchants&#8217; federation <a href="https://www.fenalco.com.co/">Fenalco</a> and the industrialists of ANDI endorsed him outright. I did not see a single major trade group line up behind Cepeda. This matters because confidence had quietly drained away: a European manufacturer that announced a glass factory in Cundinamarca shelved it in 2023 for lack of confidence, and the pace of tech and services investment into Medellín slowed markedly over the past three years. I expect that to reverse — barring a US recession, which would shrink the pool of investment capital regardless of who governs Colombia.</p>
<h2>The security inheritance</h2>
<p>This is the inheritance that makes Mora&#8217;s harder line resonate. The map above is not subtle: the green and red have spread across far more of the country than when Petro&#8217;s <em>Paz Total</em> (Total Peace) policy began. As I <a href="https://www.financecolombia.com/editorial-gustavo-petros-total-peace-has-led-to-total-chaos-in-colombia/">argued in March</a>, that policy delivered its opposite. Colombia logged 40,663 homicides in the first three years of the Petro presidency, more than 400 human rights defenders were killed between 2022 and 2025, and Human Rights Watch found that the ELN and FARC dissidents expanded their territory by as much as 55%, pushing Colombia back into the Global Terrorism Index top ten. Five years ago I would drive from Medellín to the coast without a second thought; today I would fly. Expect violence to rise before it falls: if you go to war with the mafias and the guerrillas, there will be a war.</p>
<div id="attachment_37992" style="width: 810px" class="wp-caption aligncenter"><a href="https://www.financecolombia.com/wp-content/uploads/2026/07/Colombia-debt.png"><img decoding="async" aria-describedby="caption-attachment-37992" class="size-medium wp-image-37992" src="https://www.financecolombia.com/wp-content/uploads/2026/07/Colombia-debt-800x447.png" alt="Colombia’s central-government fiscal deficit (bars) and public debt (line) as a share of GDP, 2018–2025. Sources: Colombian Ministry of Finance, Banco de la República, IMF." width="800" height="447" srcset="https://www.financecolombia.com/wp-content/uploads/2026/07/Colombia-debt-800x447.png 800w, https://www.financecolombia.com/wp-content/uploads/2026/07/Colombia-debt-417x233.png 417w, https://www.financecolombia.com/wp-content/uploads/2026/07/Colombia-debt-768x429.png 768w, https://www.financecolombia.com/wp-content/uploads/2026/07/Colombia-debt.png 1376w" sizes="(max-width: 800px) 100vw, 800px" /></a><p id="caption-attachment-37992" class="wp-caption-text">Colombia’s central-government fiscal deficit (bars) and public debt (line) as a share of GDP, 2018–2025. Sources: Colombian Ministry of Finance, Banco de la República, IMF.</p></div>
<h2>The fiscal reckoning</h2>
<p>The harder story is fiscal, and Gómez&#8217;s assignment is the least enviable in the cabinet. Colombia&#8217;s fiscal rule (Ley 1473 de 2011, reformed in 2021) is meant to anchor net debt toward 55% of GDP, with a hard ceiling of 71%, and it is monitored by the independent <a href="https://www.carf.gov.co/">CARF</a> (<em>Comité Autónomo de la Regla Fiscal</em>, the Autonomous Fiscal Rule Committee). In 2024 the government ran a deficit of 6.8% of GDP against a 5.6% target, which the CARF classifies as non-compliance. Then, in June 2025, facing a widening gap, the government invoked the rule&#8217;s escape clause to suspend it through 2027 — over the CARF&#8217;s formal objection — and raised the deficit target from 5.1% to 7.1% of GDP, with a stated return to the rule in 2028. That is the box the new finance minister must climb out of. The one cushion is a strong peso, which <a href="https://www.financecolombia.com/colombias-peso-rallies-7-4-in-june-as-the-election-result-overrides-a-hostile-global-backdrop/">rallied 7.4% in June</a> on the election result and makes dollar-denominated debt cheaper to service. But that will not last; when the peso weakens, those payments get more expensive, and the opposition will blame the people cleaning up the mess for the mess itself.</p>
<h2>What I am watching</h2>
<p>Three things give me pause. First, human rights are a blank page: as a defense lawyer de la Espriella represented some unsavory clients, yet he also pursued, pro bono, a landmark femicide case that changed Colombian law. We simply have no governing record to read. Second, he is thin-skinned and has a history of filing nuisance suits against journalists who anger him — the goal being to impose cost and induce self-censorship. Third, and most fundamentally, he is a blank slate. A candidate campaigns the way he must to win; how he governs may or may not follow. He ran an aggressive campaign and then gave a conciliatory speech on election night. Which is the real Abelardo? We will find out.</p>
<p>All my sources say the handover happens on August 7 as scheduled, despite Petro&#8217;s noise — he has questioned the result, <a href="https://www.financecolombia.com/beyond-the-political-clash-what-the-suspension-of-colombias-transition-meetings-means/">the two camps suspended their technical transition meetings</a>, and Cepeda has floated a citizenship challenge that the constitution does not support. I believe the transfer will be peaceful. Then again, we all thought January 6th would be routine, too. If it holds, de la Espriella has a narrow, real window to do what he promised on election night and govern for all Colombians. With less than half the vote, that is the only mandate he actually holds.</p>
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		<title>What Abelardo de la Espriella&#8217;s Win With Less Than 1% Margin Means For Colombians &#038; Investors</title>
		<link>https://www.financecolombia.com/what-abelardo-de-la-espriellas-win-with-less-than-1-margin-means-for-colombians-investors/</link>
		
		<dc:creator><![CDATA[Loren Moss]]></dc:creator>
		<pubDate>Mon, 22 Jun 2026 22:49:55 +0000</pubDate>
				<category><![CDATA[OpEd, Expert, or Guest Contribution]]></category>
		<category><![CDATA[abelardo de la espriella]]></category>
		<category><![CDATA[Aida Quilcué]]></category>
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		<category><![CDATA[Colombia 2026 election]]></category>
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		<category><![CDATA[Gustavo Petro]]></category>
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		<guid isPermaLink="false">https://www.financecolombia.com/?p=37658</guid>

					<description><![CDATA[Voters rejected Petro's left and Uribe's right alike, handing the president-elect a mandate he can fill only by including the excluded....]]></description>
										<content:encoded><![CDATA[<p>Colombia did something unprecedented last night. By a hair-thin margin, it elected a political outsider with no political party of his own, a man who came from completely outside the traditional political power bases. No doubt Abelardo de la Espriella had support; powerful figures and moneyed interests were behind him, but that is not a criticism or a conspiracy theory. The business community, from small shopkeepers to tycoons, has been fed up with the last four years of improvisation and worsening security.</p>
<p>Barring any post-election drama, President-elect de la Espriella will take over a very divided country, and if he is smart, he will understand that he was the first choice of only a minority of the electorate. He will have a choice. He can govern for the small hard core, or he can be a conciliator.</p>
<p>Colombia has a nasty history of political violence, going back to the country’s founding. The person most Colombians see as the founder of the nation, Colombia’s George Washington figure, Simón Bolívar, barely escaped with his life during what was known as the Septembrine Conspiracy, which was born out of a conflict in visions for the new country. For most of the country’s history, the hostility between the Conservatives and the Liberals, the two primary political parties for most of Colombia’s history, manifested itself with bullets every bit as much as with ballots. Even though Colombia has, for almost all of its history, been a real democracy; the country has had only one military strongman dictator, and even he tried to be something of a reformer; violence has always had a hand in politics.</p>
<blockquote><p>&#8220;With less than half the vote, the only mandate he holds is for an inclusive, conciliatory approach.&#8221; — Loren Moss, Finance Colombia</p></blockquote>
<p>I once was at a talk in Medellín, years ago, where the businessman Chris Daes was asked, “When will Colombia advance?” “When we learn to stop hating each other,” he said.</p>
<p>Last night, after the election results were announced, police stations in Kennedy and Bosa, low-income neighborhoods in the southwest of Bogotá, were attacked. Why? The police hadn’t done anything. Riot police were called out to Puerto Rellena in Cali after roads were blocked by Cepeda supporters. In Medellín, some supporters of the president-elect turned up with bats and clubs outside Plaza Mayor, one of the city’s main public squares, probably supporters of de la Espriella, and let me emphasize that this is my guess, but no violence was reported.</p>
<p>Outgoing President Gustavo Petro called for calm, but also complained about US President Donald Trump’s open support of de la Espriella, forgetting that just months ago he was in the US and <a href="https://www.financecolombia.com/gustavo-petro-calls-on-us-military-to-rebel-gets-us-visa-revoked/" target="_blank" rel="noopener noreferrer">called for the US military to turn against its own government</a>. Petro and the losing candidate, Senator Iván Cepeda, have said that while they acknowledge the preliminary vote count, they will not concede until an official final count, and they are <a href="https://www.financecolombia.com/eu-and-oas-election-monitors-reject-petros-fraud-claims-as-colombia-heads-to-june-21-runoff/" target="_blank" rel="noopener noreferrer">calling for a scrutiny of the ballots</a>.</p>
<h2 id="sowhathappenedhere">So what happened here?</h2>
<p>Three weeks ago, Colombia held the <a href="https://www.financecolombia.com/colombias-three-presidential-front-runners-draw-divergent-maps-for-foreign-capital-security-and-rule-of-law/" target="_blank" rel="noopener noreferrer">first round</a> of presidential voting. The early favorite, Paloma Valencia of the right-wing establishment Centro Democrático party, backed by former president Álvaro Uribe, came in third, behind the right-wing outsider Abelardo de la Espriella and the ally of outgoing president Gustavo Petro, Senator Iván Cepeda of the leftist <a href="https://pactohistorico.co/" target="_blank" rel="noopener noreferrer">Pacto Histórico</a> (Historic Pact). In Colombia there is an open first round, which can field many candidates, but the top two vote-getters advance to a final round unless one candidate clears 50% plus one.</p>
<p>Most people thought Cepeda would come in first with a unified left, but de la Espriella came in first, Cepeda second, and Valencia third. My take on this is very clear: Colombians were saying that they reject Gustavo Petro’s collectivist socialist experiment, but that they also reject Álvaro Uribe as the flag-bearer for the right. A sort of “we don’t like <em>them</em>, but we don’t like <em>you</em> either.”</p>
<p>So what happened in the past three weeks? Exactly what I expected. The outgoing president’s political machine moved to mass mobilization: get the buses out, get the affinity groups, such as indigenous leaders and unions, to mobilize. Something interesting happened: a government worker I know in immigration was told, and convinced, that she would lose her job if de la Espriella won. Her union told her this, of course. Cepeda and Petro’s movement has counted on its ability to mobilize people through group affiliation, working through organized structures to get out the vote. It was very effective, but not quite enough.</p>
<p>On the other hand, the split vote between Paloma Valencia and Abelardo de la Espriella came together, sort of, but not in a coordinated fashion. There was no real way to mobilize lukewarm people who were not already behind one of those two candidates. The business community had largely already opposed the Petro-Cepeda project, but it does not have the same mobilization machinery in place.</p>
<p>There will be time for a lot more journalism on this, but I want to get this initial reporting out quickly. Beyond that dynamic, what other factors came into play? Several:</p>
<ul>
<li>The outgoing president ran his administration like a game of thrones, or some kind of reality show. On average, he was bringing in a new cabinet minister every three weeks. It was nonstop drama and intrigue, and Cepeda’s message of “stay the course” ran up against that.</li>
<li>Then there was the treatment of Vice President Francia Márquez. Petro used her to try to win the Afro-Colombian vote, but once they were elected, they tried to sideline her and treat her as a token. She rebelled against that and has called out her own administration for its corruption and racism. Over the past four years, Márquez has actually seemed more serious than Petro, who has a habit of crazy talk. By picking Aída Quilcué, Cepeda made it look like more of the same, and, fair or not, it made Quilcué look like a token candidate. Maybe it isn’t fair, but you can blame the Petro administration for creating that environment.</li>
<li>Uribe’s first candidate choice, Senator Miguel Uribe Turbay (no relation), was <a href="https://www.financecolombia.com/colombian-senator-presidential-candidate-miguel-uribe-turbay-dies-2-months-after-shooting/" target="_blank" rel="noopener noreferrer">assassinated</a> on the orders of, according to Gustavo Petro’s own attorney general, the <a href="https://www.financecolombia.com/colombias-prosecutors-go-after-farc-dissidents-segunda-marquetalia-for-presidential-candidate-miguel-uribe-turbay-murder/" target="_blank" rel="noopener noreferrer">Segunda Marquetalia</a>, a FARC dissident structure co-founded by Jesús Santrich, who was on his way to being extradited to the United States until that was allegedly blocked by Iván Cepeda’s efforts. Whether or not it is fair, for a lot of people in Colombia this is emblematic of Cepeda’s nurturing approach to the guerrilla groups, which have been growing stronger under the Pacto Histórico’s dialogue-first approach.</li>
<li>The current administration is stained with several corruption scandals: the <a href="https://www.financecolombia.com/with-one-dead-already-widening-corruption-scandal-threatens-petros-presidency/" target="_blank" rel="noopener noreferrer">UNGRD scandal</a>, in which money meant to bring water to poor, isolated families in the deserts of La Guajira was robbed for a political bribery fund; the ongoing scandals around Ricardo Roa and state petroleum company <a href="https://www.ecopetrol.com.co/" target="_blank" rel="noopener noreferrer">Ecopetrol</a> (NYSE: EC), where Roa has been <a href="https://www.financecolombia.com/ecopetrol-president-ricardo-roa-charged-over-alleged-campaign-spending-violations-in-petros-presidential-campaign/" target="_blank" rel="noopener noreferrer">charged over alleged campaign-spending violations</a>; the fiasco over the printing of Colombian passports; and a move that really angered the <em>paisas</em> (people of Antioquia and Medellín), the appointment of indicted former mayor Daniel Quintero to <a href="https://www.financecolombia.com/former-medellin-mayor-daniel-quintero-appointed-colombias-health-superintendent-amid-political-and-legal-scrutiny/" target="_blank" rel="noopener noreferrer">a government position supervising the finances of the country’s health system</a>. Here you have a man with something like 40 counts of indictment for corruption, though let me be clear, he has not been convicted yet, and you appoint him to supervise the finances of the country’s primary health system? Usually when people are facing charges, they say something like <em>“I am innocent, but I will resign to focus on clearing my name.”</em> This one went full steam ahead. That undoubtedly cost votes among those who prioritize clean government.</li>
<li>Cepeda’s running mate, Aída Quilcué, who never went to college, <a href="https://www.eltiempo.com/politica/elecciones-colombia-2026/critican-a-aida-quilcue-candidata-vicepresidencial-por-decir-que-graduados-de-mejores-universidades-aprendieron-a-robarse-la-plata-del-pueblo-3558983" target="_blank" rel="noopener noreferrer">accused graduates of Colombia’s best universities</a> of having “only learned to steal the people’s money.” She tried to walk that back after her statement blew up, but the damage was done. She was clearly attacking people who attended private universities in Colombia, many of which have no elite pretensions and specialize in educating low-income students.</li>
</ul>
<h2 id="whatdoithinkwillhappen">What do I think will happen?</h2>
<p>Assuming the vote count is not overturned, de la Espriella will take over the executive branch with no political machinery in Congress, so he will have to negotiate to get anything done. This is not a situation like El Salvador or Venezuela, where you come in and take over the whole government. To its credit, Colombia has strong institutions. Had Cepeda won, he would have come in with the largest bloc of legislators in Congress and might have found it relatively easy to push through his agenda. With de la Espriella, not so much, and I think this is a good thing. Personally, I like divided government as a concept, because it encourages moderation, consensus, and negotiation.</p>
<p>I expect the guerrilla groups to try to seize the initiative, and I expect their violence to increase in the short term as they try to assert their authority. Longer term, I think they are worse off, and they know the military will be after them soon, so they will make what hay they can while the sun shines. Expect them to try to “punish” the country for electing the candidate most hostile to them, a pattern that has already <a href="https://www.financecolombia.com/twin-attacks-rock-valle-del-cauca-and-antioquia-colombia-mocking-president-petros-total-peace-strategy/" target="_blank" rel="noopener noreferrer">mocked the outgoing government’s “Total Peace” strategy</a>.</p>
<p>Outgoing President Gustavo Petro will not shut up once out of office. He will become a full-time presence on social media and make as much noise as possible in opposition to the incoming administration. Unlike former President Juan Manuel Santos, Petro will be more like Álvaro Uribe, who has remained addicted to the spotlight, to influence, and to the thrill of power. In places where there is a tradition of former presidents ceding the spotlight, he won’t follow it. Petro will take every opportunity to travel around the world and throughout Colombia to speak, as he is entitled to, and to fashion for himself the role of dear father of the oppressed.</p>
<p>Petro and Cepeda and their movement will, if not explicitly then tacitly, reactivate the <em>primera línea</em> (front line), the aggressive activist youth street movement, not a formal organization, that mobilizes, sometimes peacefully and sometimes violently, against whoever opposes the Pacto Histórico. Last night we already saw violence in the low-income areas of Bogotá, and we saw riot police called out in Cali. It is not always that someone gives an order to go out and protest, even though there have been accusations of exactly that, for example against Petro ally and senator Gustavo Bolívar.</p>
<p>Colombian law says the runner-up in the presidential election gets a seat in the Senate, so Cepeda will return to the Senate, where he will lead the opposition. He already has a bloc of some 30 legislators behind him and is a Senate veteran, so he will be a very powerful voice.</p>
<h2 id="whatdoihopewillhappen">What do I hope will happen?</h2>
<p>I hope de la Espriella will have a plan to lift up the poor and the marginalized, and Colombia has plenty. He says he will govern for all the people, and I hope so. This was a very polarized election. People who feel excluded from opportunity largely voted for Cepeda and now feel they have lost. De la Espriella has a window of opportunity to do what he said in his election-night speech and govern for all Colombians. I hope he understands that, with less than 50% of the vote, the only mandate he has is for an inclusive, conciliatory approach.</p>
<p>His administration is inheriting a fiscal mess, as the current government has run up the debt. I hope that, along with Vice President-elect José Manuel Restrepo, they can properly manage this and navigate Colombia’s economy through rough times. Because the government will need to find dollars to make these debt payments, the peso will eventually fall, unless the US does something stupid to wreck its own currency. The opposition will try to blame the new administration for this, even though they planted the seeds for these fiscal weeds that will soon sprout.</p>
<p>I hope Colombia becomes safer for Colombians, and that the guerrilla groups, the mafias, and the drug traffickers shrink. It may be utopian to think they will be eliminated in four years, but my hope is that Colombia becomes safer, especially for poor Colombians, who are by far the primary victims of these groups. In recent years, unlike in the old days, the rich have been largely insulated from the depredations of guerrillas and extortionists, but the poor continue to suffer. So I hope de la Espriella goes after these groups, but in a way that respects and protects human rights, something Uribe failed to do during his time in power, leading to many innocent people becoming victims not just of the guerrillas, but of state violence. I sincerely hope, and will be watching closely, that the state becomes a protector of the poor rather than a victimizer of them. Many poor Colombians suffered under Uribe’s watch, and many continue to suffer under the current Petro government, which has simply not protected them from the depredations of groups like the ELN, the Clan del Golfo, and the FARC dissidents.</p>
<h2 id="peopletowatch">People to watch</h2>
<ul>
<li><strong>Armando Benedetti.</strong> The interior minister has been Petro’s consigliere, but he also seems to hold some kind of strange power over Petro. The US government, or in other words Donald Trump, placed him on the <a href="https://www.financecolombia.com/breaking-news-us-treasury-imposes-ofac-sanctions-on-colombian-president-gustavo-petro-family-armando-benedetti/" target="_blank" rel="noopener noreferrer">Clinton List</a>, which will complicate his life personally and professionally once he is out of office.</li>
<li><strong>Daniel Quintero.</strong> The former Medellín mayor is already battling serious corruption charges, and while he found a friend in Gustavo Petro, that protection will no longer be there. There will be no place for him in the incoming government, and he still has to face all these charges. With no power to protect his allies, many of them also indicted, will they turn on him and spill the frijoles?</li>
<li><strong>Álvaro Uribe.</strong> No doubt pleased, he didn’t get his first choice, which was his own candidate, but he and de la Espriella clearly share a fondness, and their families go way back. De la Espriella’s father was a Liberal Party supporter of Uribe, and Uribe rewarded him with a juicy notary appointment decades ago.</li>
</ul>
<h2 id="awinforthebusinesssector">A win for the business sector</h2>
<p>Objectively, this is a win for the business sector. Business groups like <a href="https://www.fenalco.com.co/" target="_blank" rel="noopener noreferrer">Fenalco</a> and <a href="https://www.andi.com.co/" target="_blank" rel="noopener noreferrer">ANDI</a> have expressed their support for de la Espriella, and he has expressed his explicit support for the petroleum and mining sectors. I just don’t see any major businesses or trade groups that came out in support of Cepeda. Certainly Cepeda and Petro have support from individual businesspeople, but as organized industry groups, I just haven’t seen it anywhere.</p>
<h2 id="anecdotes">Anecdotes</h2>
<p>The polls closed barely twelve hours ago, and overnight I tried to gather the opinions of a few people. This is not a scientific poll, and to be clear and fair, Finance Colombia is a business-oriented publication, and I simply know a lot more businesspeople and entrepreneurs than I know community organizers and militant activists. So this is not any kind of objective sample; it is simply personal feedback gathered the very night of the election:</p>
<ul>
<li>A member of the Wayúu community in La Guajira told me they went for Cepeda, so they are not pleased.</li>
<li>In a split family, both spouses professionals from humble backgrounds, the husband, a labor lawyer who contracts with the government, went for Cepeda, but his wife, a middle manager at a bank, went for de la Espriella.</li>
<li>A psychologist who originally voted for Sergio Fajardo in the first round told me she voted blank, because she saw both candidates as extremists, a left-wing extremist versus a right-wing extremist, and she was disgusted at her country’s polarization.</li>
<li>A police officer commented to me, “Better this <em>loco</em> than the other <em>loco</em>,” meaning he would take de la Espriella but considered both of them crazy. I think this is a common sentiment; it was not an endorsement of one so much as thinking the other was the worse option.</li>
<li>A domestic worker told me she voted for de la Espriella, hoping he will take action against rising crime and violence.</li>
<li>There were pro-Cepeda protests and some street violence in the mostly poor southwest of Bogotá, but there were celebrations in parts of the north of the city, and in the high-income El Poblado area of Medellín the celebrations looked like Colombia had just won the World Cup. Even where I live, in a rural area about an hour from Medellín, you could hear spontaneous car parades and firecrackers all through the night.</li>
<li>Small businesspeople and Colombian investors I know have, to a person, been celebrating.</li>
</ul>
<p>The most important takeaway, and something Colombians should be proud of, is that they have just held a peaceful, free, and fair election. Not every country can do that. A lot of hard work remains, and a lot can still go wrong. Count on Finance Colombia to bring you timely updates and analysis.</p>
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		<title>Here&#8217;s What Scares Me (&#038; What I Like) About Colombia&#8217;s Two Presidential Candidates</title>
		<link>https://www.financecolombia.com/heres-what-scares-me-what-i-like-about-colombias-two-presidential-candidates/</link>
		
		<dc:creator><![CDATA[Loren Moss]]></dc:creator>
		<pubDate>Tue, 16 Jun 2026 03:03:50 +0000</pubDate>
				<category><![CDATA[OpEd, Expert, or Guest Contribution]]></category>
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		<guid isPermaLink="false">https://www.financecolombia.com/?p=37589</guid>

					<description><![CDATA[One built his fortune defending the accused; the other built his career avenging the dead. Both ask voters to trust their "professional" ties....]]></description>
										<content:encoded><![CDATA[<h2><em>What a De la Espriella or Cepeda win means for security and investment</em></h2>
<p>Two men. Both running to be the next president of Colombia. Both swear they are tough, that they are clean, that they are the answer to a country that is exhausted. And both of them have a problem with the company they keep.</p>
<p>One is a defense lawyer who built his career representing mobsters, paramilitaries, and at least one alleged front man for the Maduro regime — and he tells you those relationships were strictly professional. The other fought to spring a FARC commander out of a maximum-security holding cell — and he tells you that relationship was strictly professional too. One says, in effect, &#8220;I only knew the narco because I was his attorney.&#8221; The other says, &#8220;I only knew the guerrilla because I was a peace negotiator.&#8221; Same sentence, opposite ends of the political spectrum. It is the strangest mirror in Colombian politics.</p>
<p>This Sunday, June 21, Colombians return to the polls for the runoff. In the first round on May 31, the right&#8217;s Abelardo de la Espriella came first with about 43.7 percent. The left&#8217;s <a href="https://ivancepedacastro.com/">Iván Cepeda</a> came second with about 40.9 percent. No one else is left. Whoever wins walks into the <em>Casa de Nariño</em> on August 7.</p>
<p>What follows is an analysis, not an endorsement. I am pro-business, anti-crime, and anti-communist, and I am not Colombian, so I will not presume to tell Colombians how to vote. What I can do is lay out who these two men are, where they came from, and the honest pros and cons of each — because both carry serious problems, and readers with capital, operations, or ties in Colombia deserve them laid out straight. Much of the biographical reporting here draws on the long-form profiles published by <a href="https://lasillavacia.com/">La Silla Vacía</a>, among the best political journalism in the country, and on <a href="https://www.financecolombia.com/">Finance Colombia</a>&#8216;s own coverage of the race.</p>
<h3>Who is Abelardo de la Espriella?</h3>
<p>Start with de la Espriella, since he holds a slight polling lead. His campaign events are not subtle: the lights go yellow, blue, and red, footage of tigers plays on the screens, smoke machines fire, the national anthem swells, and out he comes flanked by bodyguards in a bulletproof vest, declaring, &#8220;Here is your tiger, roaring and biting.&#8221; The tiger is his symbol — claw, territory, attack — and the crowd chant is <em>ponle la raya al tigre</em>, &#8220;put the stripe on the tiger.&#8221; It is a show, and he runs it the same way every time, with discipline.</p>
<p>According to La Silla Vacía&#8217;s profile, Abelardo was born in Bogotá in 1978 and grew up in Sahagún and Montería, in Córdoba on the Caribbean side. His mother calls the family <em>riquitos de pueblo</em> — &#8220;small-town rich.&#8221; A respected name and political connections, but not the <em>rosca</em>, the Bogotá elite, and not one of the great national fortunes. His father was a Liberal Party congressman and an early backer of Álvaro Uribe in Córdoba in 2001; when Uribe reached the presidency, he made the elder De la Espriella a notary. That is where the long relationship between the De la Espriella and Uribe families begins.</p>
<p>From childhood, Abelardo wanted to be seen. By his family&#8217;s account he sang opera in the bathroom, had a children&#8217;s radio program his father arranged, got himself onto regional television as a teenager, and promised his grandmother a limousine in Miami. He studied law at the Sergio Arboleda University in Bogotá — not an academic powerhouse, but a real breeding ground for the Colombian right — and hustled the whole way through, selling whiskey, perfume, clothing, and emeralds on consignment. The man has always been building a legend about himself.</p>
<p>Here is the part he does not lead with on stage. De la Espriella made his name as a defense lawyer, and not for choirboys. His client list reads like a rogues&#8217; gallery: politicians tied to paramilitary groups, the Nule brothers of the <em>carrusel de contratos</em> contracting scandal in Bogotá, the pyramid-scheme operator David Murcia of DMG, the disgraced Constitutional Court magistrate Jorge Pretelt, and — the big one — Álex Saab, the man the United States accused of being a front man for Nicolás Maduro. Early in his career, at 26, he did legal and public-relations work around the paramilitary demobilization at Santa Fe de Ralito through an NGO he ran. His childhood friend from Córdoba is Salvatore Mancuso, the paramilitary chief.</p>
<p>He will tell you — and it is a legitimate argument — that every defendant has a right to counsel, and that defending an unpopular client is not the same as committing the client&#8217;s crimes. Fair enough. We will return to it.</p>
<p>After the lawyering came the brand. He launched a rum called Ron Defensor, &#8220;the Defender,&#8221; with the vallenato star Silvestre Dangond. He launched a clothing line, released music, wrote books, went through an atheist phase, and then, roughly six years ago, underwent a very public religious conversion. Now he is the &#8220;God and family&#8221; candidate who calls himself &#8220;the Cyrus of Colombia.&#8221; By his own design he is a sybarite: Italian suits every year, a Miami mansion valued north of $5 million USD, a private plane, the whole production.</p>
<p>Three facts to keep in your <em>carriel</em> for later. First, he has never held elected office; he ran for a Bogotá council seat as a student in the 1990s, lost, and stayed out of electoral politics for nearly thirty years. Second, he holds three citizenships — American, Italian, and Colombian. Third, his running mate is José Manuel Restrepo, a name that returns in a big way when we reach the pros.</p>
<blockquote><p>&#8220;The &#8216;tough on crime&#8217; candidate has spent his career defending criminals, and the &#8216;human rights&#8217; candidate stays silent on half the human rights abuses in his own backyard.&#8221; — Loren Moss, Finance Colombia</p></blockquote>
<h3>Who is Iván Cepeda?</h3>
<p>If de la Espriella&#8217;s story is about a man who wanted to be seen, Cepeda&#8217;s is about a man shaped by a death.</p>
<p>On August 9, 1994, a young Iván Cepeda took a bus to Javeriana University, where he taught philosophy, after letting his father leave the house first. On the way he came upon ambulances, police cars, and a crowd around a bullet-riddled car. It was his father&#8217;s car. Manuel Cepeda, a senator for the <em>Unión Patriótica</em>, had just been assassinated.</p>
<p>The detail that explains Iván Cepeda is what he did next. He did not collapse over the body. He pulled from his jacket a column his father had written about another murdered activist, crossed the street to tell his wife, and then turned and spoke to journalists — composed, on message, calling on the president and the courts to act. &#8220;When my father was murdered,&#8221; he later said, &#8220;I already knew how I should act, what I should say.&#8221; He turned private grief into public, political language. La Silla Vacía describes his entire method of politics as organized around the truth of the victims, and that is exactly right.</p>
<p>Cepeda was born in 1962, while his father was in prison for interviewing a survivor of the army&#8217;s bombing of Marquetalia, the peasant enclave that became the founding myth of the FARC. His parents, Manuel Cepeda and Yira Castro, were journalists, communists, and revolutionaries; politics was the air the household breathed. At 13 he was in the Communist Youth. At 17, after his mother&#8217;s death, his father sent him to study philosophy in Sofia, Bulgaria. He returned in 1987, by his own account disillusioned with Soviet Marxism and the privilege he had seen inside the party there.</p>
<div id="attachment_37591" style="width: 306px" class="wp-caption alignright"><a href="https://www.financecolombia.com/wp-content/uploads/2026/06/Screenshot-2026-06-15-155033.png" target="_blank" rel="noopener"><img decoding="async" aria-describedby="caption-attachment-37591" class="wp-image-37591 size-medium" src="https://www.financecolombia.com/wp-content/uploads/2026/06/Screenshot-2026-06-15-155033-296x480.png" alt="Abelardo de la Espriella is a millionaire defense attorney, singer &amp; rum impresario. (photo: Twitter screencapture)" width="296" height="480" srcset="https://www.financecolombia.com/wp-content/uploads/2026/06/Screenshot-2026-06-15-155033-296x480.png 296w, https://www.financecolombia.com/wp-content/uploads/2026/06/Screenshot-2026-06-15-155033-592x960.png 592w, https://www.financecolombia.com/wp-content/uploads/2026/06/Screenshot-2026-06-15-155033-154x250.png 154w, https://www.financecolombia.com/wp-content/uploads/2026/06/Screenshot-2026-06-15-155033-768x1246.png 768w, https://www.financecolombia.com/wp-content/uploads/2026/06/Screenshot-2026-06-15-155033-946x1536.png 946w, https://www.financecolombia.com/wp-content/uploads/2026/06/Screenshot-2026-06-15-155033.png 1029w" sizes="(max-width: 296px) 100vw, 296px" /></a><p id="caption-attachment-37591" class="wp-caption-text">Abelardo de la Espriella is a millionaire defense attorney, singer &amp; rum impresario. (photo: Twitter screencapture)</p></div>
<p>His father&#8217;s assassination was the turning point. The <em>Unión Patriótica</em> — a party born of a peace process, a vehicle for the FARC and the Communist Party to enter electoral politics — was then systematically exterminated, with thousands of members killed. Cepeda channeled all of it. He created the Manuel Cepeda Foundation, built memorial galleries with families of the disappeared, and founded MOVICE, the Movement of Victims of State Crimes. He pursued his father&#8217;s case until the Colombian state was held responsible and the Inter-American Court of Human Rights condemned the country.</p>
<p>Then he found his great adversary: Álvaro Uribe. For Cepeda, Uribe symbolizes the establishment he believes must confess its responsibility for paramilitarism and the killing of the left. He spent years pursuing Uribe — prison visits to extradited paramilitaries in the United States, the 2014 debate in Congress — and that work ultimately produced the witness-tampering case that put the former president on trial. Cepeda became, as La Silla Vacía puts it, the leftist who managed to put Uribe in the dock. That is the engine of his political career.</p>
<p>He reached Congress in 2010, famously arriving with a bucket, broom, and mop, promising to clean up a legislature stained by <em>parapolítica</em> — the scandal of lawmakers who colluded with paramilitary groups. He has been there ever since, four terms, mostly on the Second Committee, which handles military promotions, security, and foreign relations. The crucial point about his experience, and I will come back to it, is that he has never governed anything — no city, department, ministry, or large budget. His arena has been Congress as a moral and judicial forum. He was also the principal intellectual architect of Petro&#8217;s <em>Paz Total</em>, &#8220;Total Peace&#8221;; he coined the term.</p>
<p>His running mate is Aida Quilcué, an indigenous Nasa leader and senator who is herself a victim of state violence — her husband was killed by the military as they returned from a <em>minga</em>. One more thing matters because it is human and real: Cepeda is in fragile health. He has beaten cancer twice — colon cancer in 2018, liver cancer treated in 2022 — and people who have worked with him describe a worn body and an iron will. He is intellectually serious, sober, and predictable, the opposite of Petro&#8217;s chaos. Whatever you make of his politics, he is no lightweight.</p>
<h3>The case for Abelardo de la Espriella</h3>
<p>Let me make the genuine case for de la Espriella, as I see it.</p>
<p>He promises to be tough on crime — on the organized armed groups and on ordinary street crime alike. After four years in which armed groups roughly doubled in size under Total Peace, many Colombians are hungry for exactly that, and I understand why. He is pro-business and pro-investment, foreign and domestic, and he has built his whole pitch on the idea that prosperity comes from the private sector rather than the state. He is pro-US and promises to repair the relationship with Washington that frayed under Petro; he is, in fact, a US citizen himself, which tells you which direction he faces.</p>
<p>On the economy, I think he would restore investor confidence and likely work to repair Colombia&#8217;s diminished credit rating, which matters enormously for what the country pays to borrow. He supports lower taxes, which is a good thing when paired with genuine fiscal prudence — that is the caveat, but the instinct is right.</p>
<p>The strongest item on his ticket, for me, is his running mate, José Manuel Restrepo. Restrepo served as both Minister of Commerce and Finance Minister in Iván Duque&#8217;s cabinet and did the job well, even when Duque did not. He has few critics and brings a level of intellectual seriousness and economic credibility that the top of the ticket does not project on its own. A credible technocrat one heartbeat from the presidency is a real asset.</p>
<p>He wants to shrink the bureaucracy. Colombia&#8217;s is not as bloated as some in Latin America, but it can be streamlined — and the bigger problem than handing out sinecures is <em>mermelada</em>, the practice of spreading money through useless government contracts to friends and supporters. If he genuinely goes after that, good. He is also plainly intelligent; a successful defense attorney knows jurisprudence and procedure cold.</p>
<p>Two of his ideas deserve particular credit. He says he wants to promote home ownership for people of modest means, and <em>El País</em> reports a plan for below-market thirty-year mortgages. If that is real and it works, it is a genuinely good idea. The Peruvian author Hernando de Soto, in <em>The Mystery of Capital</em>, explains how broad asset ownership by ordinary people is what formalizes an economy and drives real progress: when you own assets, you can extract value from them, pass them to your descendants, and build lasting wealth. And on health care, he promises to fix the EPS system with financial oversight to root out corruption, rather than blow it up. That is far better than moving to a single-payer government scheme, which I think would be disastrous. The state has not shown the organizational competence to run one. Consider that Petro placed Daniel Quintero, the indicted former mayor of Medellín, in a role overseeing the EPS — and Quintero is accused of looting the city&#8217;s coffers. A couple of insolvent EPS providers is a manageable problem; a national government that cannot pay providers and collapses the whole system is not. Patching beats nationalizing.</p>
<p>He supports performance evaluations for teachers, which is reasonable even if FECODE will oppose it, and he wants to expand internet connectivity into rural and underserved regions, which is critical in a country with such a wide gap between rural and urban, rich and poor. Connectivity means opportunity. That is a real list — a coherent pro-growth, pro-security program. Now the other side.</p>
<h3>The case against Abelardo de la Espriella</h3>
<p>There is a lot here. Start with the Bukele worship. De la Espriella is an open admirer of El Salvador&#8217;s president, Nayib Bukele. Bukele has unquestionably cut crime, but he also shows clear authoritarian tendencies and no sign of willingly leaving power. More to the point, Bukele is no friend to a free press, and de la Espriella is notoriously thin-skinned: he uses the courts to file SLAPPs — Strategic Lawsuits Against Public Participation — designed to force critics to burn money and time on their defense. Even meritless, such suits can bankrupt a person or consume so much of their time they cannot do their job. This is not hypothetical. La Silla Vacía documented dozens of civil suits and criminal complaints against journalists, several of whom admit to censoring themselves. That should worry anyone who cares about press freedom.</p>
<p>He may also turn out to be soft on crime — especially organized crime — which sounds backwards for the &#8220;iron fist&#8221; candidate until you look at his career. He built it defending mobsters, <em>paracos</em>, and the corrupt: the Nule family, Álex Saab. He is childhood friends with the paramilitary chief Salvatore Mancuso. And he has been linked to a paramilitary known as &#8220;Boliche,&#8221; Jorge Luís Hernández Villazón, on trial in the United States for narcotrafficking. De la Espriella denies any connection with Boliche and says he knows him only through his work as a defense attorney. Fine — but it is a fair question how tough he will really be on his friends and former clients. That is not a cheap shot; it is a reasonable thing to want answered.</p>
<p>I also do not see a plan for the poor. I have looked, and I find nothing in his platform that signals a comprehensive plan — or much compassion — for the underprivileged and those without access to opportunity in the remote areas: the Pacific coast, the rural zones, the Atlantic coast. Perhaps one exists and I have missed it, but if so, where is it?</p>
<p>He seems inconsistent. This is a man who craves attention — a recording artist, a clothing line, a rum called &#8220;Defensor&#8221; — who then suddenly finds Jesus and becomes the &#8220;God and family&#8221; candidate. Maybe it is sincere. Forgive me for being skeptical of a conversion that lines up so neatly with a presidential run.</p>
<p>On the peace process, he has pledged not to implement the 2016 accords that won former President Juan Manuel Santos the Nobel Peace Prize. To be fair, the last two administrations did a poor job implementing them too. But my concern is simple: the people who genuinely laid down their arms need protection. You do not want to teach the next generation that demobilizing gets you killed. He also wants to end the <em>Jurisdicción Especial de Paz</em>, the <a href="https://www.jep.gov.co/">Special Jurisdiction for Peace</a>, arguing it is a political tool that does not deliver real justice. I do not know the JEP well enough to rule on that flatly, but I am skeptical of the claim; my sense is that it is doing some genuine good and should be reformed rather than scrapped.</p>
<div id="attachment_37483" style="width: 346px" class="wp-caption alignright"><a href="https://www.financecolombia.com/wp-content/uploads/2026/06/Election-results-map.png" target="_blank" rel="noopener"><img decoding="async" aria-describedby="caption-attachment-37483" class="wp-image-37483 size-medium" src="https://www.financecolombia.com/wp-content/uploads/2026/06/Election-results-map-336x480.png" alt="Colombia 2026 1st round top two (Graphic: Sofi Imfeld for Finance Colombia)" width="336" height="480" srcset="https://www.financecolombia.com/wp-content/uploads/2026/06/Election-results-map-336x480.png 336w, https://www.financecolombia.com/wp-content/uploads/2026/06/Election-results-map-673x960.png 673w, https://www.financecolombia.com/wp-content/uploads/2026/06/Election-results-map-175x250.png 175w, https://www.financecolombia.com/wp-content/uploads/2026/06/Election-results-map-768x1096.png 768w, https://www.financecolombia.com/wp-content/uploads/2026/06/Election-results-map.png 1050w" sizes="(max-width: 336px) 100vw, 336px" /></a><p id="caption-attachment-37483" class="wp-caption-text">Colombia 2026 1st round top two (Graphic: Sofi Imfeld for Finance Colombia)</p></div>
<p>Then there is the absence of a track record. He has never held any office, so there is nothing to go on. Does he become a statesman or a <em>caudillo</em> wannabe? We do not know, and that uncertainty is itself a cost. Finally, the persona. His public identity strikes me as a bit of a <em>gomelo</em> — Colombian slang for a stuck-up rich kid. People often cultivate a public character that has little to do with who they really are, so perhaps the private Abelardo is a prince. But he is asking voters to choose the public one, and the public one rubs me the wrong way.</p>
<h3>The case for Iván Cepeda</h3>
<p>Now the honest case for Cepeda. He will very likely put real attention on the marginalized and the forgotten parts of the country, and the map backs this up: in the first round he carried the entire Pacific coast, the forested borders with Ecuador, Peru, and Brazil, and most of the Atlantic provinces — the exception being Antioquia, whose population concentrates far to the south around Medellín. Much of that Atlantic coast, outside Barranquilla and the touristy parts of Cartagena, has suffered generations of corruption and chronic underinvestment. Someone paying attention to those places is not a bad thing.</p>
<p>He is consistent and predictable. He has a long career and a coherent, stable ideology. I may disagree with that ideology — you will hear about it in the cons — but no one can call the man unpredictable. You know what you are getting, and in politics that is worth something.</p>
<p>He would try to actually implement Santos&#8217;s 2016 peace accords. The pact has real flaws and lacked genuine commitment from the current and previous administrations, but it did demobilize thousands of fighters who are no longer in the bush kidnapping and bombing people. Pushing to finish that work honestly has value.</p>
<p>And to be fair, he is clearly more competent than the ally currently in office. He is more intelligent and more disciplined than Gustavo Petro. Consider how Petro has governed: unable to push through much of his agenda, running the <em>Casa de Nariño</em> like a reality show, cycling more than sixty ministers through nineteen ministries in under four years. How do you accomplish anything while swapping in a new minister roughly every three weeks? I do not think a Cepeda administration would bring the same chaos and palace intrigue. And he would command the largest bloc of support in Congress, so he would be more effective at moving his agenda; he knows how the machinery works. Credit where it is due — he does not stand up in cabinet meetings inventing his own physics. That is a low bar, but Petro keeps walking under it and Cepeda clears it.</p>
<p>Finally, he has a real, lifelong commitment to the victims of violence in Colombia. Whatever else you say about him, that commitment is genuine and it is the through-line of his entire life. That counts.</p>
<h3>The case against Iván Cepeda</h3>
<div id="attachment_37592" style="width: 338px" class="wp-caption alignleft"><a href="https://www.financecolombia.com/wp-content/uploads/2026/06/4b86f567-31f5-4d5e-b13d-e22dc6637326.jpg" target="_blank" rel="noopener"><img decoding="async" aria-describedby="caption-attachment-37592" class="wp-image-37592 size-medium" src="https://www.financecolombia.com/wp-content/uploads/2026/06/4b86f567-31f5-4d5e-b13d-e22dc6637326-328x480.jpg" alt="Iván Cepeda is a senator, former member of the Communist Youth, educated in Bulgaria during the Soviet era, and key player in the negotiation with armed guerilla groups. (photo: Colombian Senate)" width="328" height="480" srcset="https://www.financecolombia.com/wp-content/uploads/2026/06/4b86f567-31f5-4d5e-b13d-e22dc6637326-328x480.jpg 328w, https://www.financecolombia.com/wp-content/uploads/2026/06/4b86f567-31f5-4d5e-b13d-e22dc6637326-655x960.jpg 655w, https://www.financecolombia.com/wp-content/uploads/2026/06/4b86f567-31f5-4d5e-b13d-e22dc6637326-171x250.jpg 171w, https://www.financecolombia.com/wp-content/uploads/2026/06/4b86f567-31f5-4d5e-b13d-e22dc6637326-768x1125.jpg 768w, https://www.financecolombia.com/wp-content/uploads/2026/06/4b86f567-31f5-4d5e-b13d-e22dc6637326.jpg 909w" sizes="(max-width: 328px) 100vw, 328px" /></a><p id="caption-attachment-37592" class="wp-caption-text">Iván Cepeda is a senator, former member of the Communist Youth, educated in Bulgaria during the Soviet era, and key player in the negotiation with armed guerilla groups. (photo: Colombian Senate)</p></div>
<p>And there are many cons. The first is the mirror I opened with: he has shady friends too. He was close to the Chavista senator Piedad Córdoba. Just as de la Espriella calls his contacts with Boliche purely professional, Cepeda says his ties to the FARC commander Raúl Reyes were purely those of a peace negotiator. But Cepeda went further. When the FARC commander Jesús Santrich was locked up and ready to be extradited to the United States on drug-trafficking charges, Cepeda worked fiercely to get him released from the <em>Fiscalía</em>&#8216;s Bunker. Once out, Santrich fled into Venezuela and restarted the <a href="https://insightcrime.org/colombia-organized-crime-news/segunda-marquetalia/">Segunda Marquetalia</a>, a FARC dissident network. And here is the part that lands like a gut punch a year later: that same Segunda Marquetalia is the group Colombian prosecutors have now linked to the assassination of presidential candidate and senator Miguel Uribe Turbay, who was shot in Bogotá in June 2025 and died that August. I want to be careful and fair — that is an attribution by the <em>Fiscalía</em>, and serious analysts at <a href="https://insightcrime.org/colombia-organized-crime-news/ex-farc-mafia/">Insight Crime</a> have noted the public evidence is thin, so it should not be treated as settled fact. But the chain — Cepeda helps free Santrich, Santrich restarts the Segunda Marquetalia, the Segunda Marquetalia is tied to a <em>magnicidio</em> — is a heavy thing to carry into a presidential race.</p>
<p>Second, he is soft on the guerrillas, broadly. He has a proven record of leniency toward the FARC, the <a href="https://insightcrime.org/colombia-organized-crime-news/eln-profile/">ELN</a>, and armed groups generally, and he is an architect of Petro&#8217;s failed Total Peace. Under that nurturing approach those groups have flourished, and I think they would keep flourishing under a Cepeda administration. He seems to see them more as victims of state violence than as the kidnappers, narcotraffickers, extortionists, and terrorists that they are. La Silla Vacía&#8217;s own reporting — and they are not a right-wing outlet — concluded that Cepeda bears real political responsibility for the failure of Total Peace, having pushed a negotiation model that was too ambitious, legally ambiguous, and weak before armed groups. When the violence comes from the state, Cepeda sees structure and systemic responsibility; when it comes from the guerrillas, he tends to see context and a chance for peace. That blind spot defines him.</p>
<div id="attachment_24330" style="width: 274px" class="wp-caption alignright"><a href="https://www.financecolombia.com/wp-content/uploads/2022/05/Rodolfo_Hernandez.jpg"><img decoding="async" aria-describedby="caption-attachment-24330" class="size-medium wp-image-24330" src="https://www.financecolombia.com/wp-content/uploads/2022/05/Rodolfo_Hernandez-264x350.jpg" alt="Rodolfo Hernández" width="264" height="350" srcset="https://www.financecolombia.com/wp-content/uploads/2022/05/Rodolfo_Hernandez-264x350.jpg 264w, https://www.financecolombia.com/wp-content/uploads/2022/05/Rodolfo_Hernandez-188x250.jpg 188w, https://www.financecolombia.com/wp-content/uploads/2022/05/Rodolfo_Hernandez-113x150.jpg 113w, https://www.financecolombia.com/wp-content/uploads/2022/05/Rodolfo_Hernandez.jpg 312w" sizes="(max-width: 264px) 100vw, 264px" /></a><p id="caption-attachment-24330" class="wp-caption-text">Former 2022 presidential candidate Rodolfo Hernandez (photo: candidate&#8217;s website)</p></div>
<p>Third is his health and his running mate, which is delicate but real. Cepeda has had cancer twice. The late Rodolfo Hernández, who lost to Petro in 2022, died in 2024 of cancer after also having had liver and colon cancer, so the risk is not hypothetical. If Cepeda did not finish his term, Aida Quilcué would take over, and her career — as an indigenous Nasa leader, <em>minga</em> organizer, and senator — has centered on those issues rather than monetary policy, foreign affairs, or national security, which makes her approach to them a genuine unknown. People also doubted Francia Márquez, and she turned out to be the articulate, level-headed one beside Petro&#8217;s wilder talk, so I will say nothing against Quilcué as a person. But a possible succession to a medically fragile president is an inarguable risk, and it would be foolish to pretend otherwise.</p>
<p>Fourth, I cannot imagine investor confidence improving under a Cepeda presidency. A data point worth chewing on: the peso is currently strong. Part of that is the dollar&#8217;s broad global weakness, but part of it, in my read, is the market reacting to the strong polling of Cepeda&#8217;s opponent. Markets vote too, and they are nervous about the left.</p>
<p>Fifth, the father — and I want to be fair here. You cannot reliably judge a son by his father; my own father was a politician, and as an adult I spent most of my life in the party opposite his, with a great relationship and very different philosophies. So I will not convict Iván Cepeda for his father&#8217;s beliefs. The difference is that Cepeda does seem broadly aligned with them. His father was secretary general of the Colombian Communist Party, Iván studied in Soviet Bulgaria, and though he says he grew disillusioned with the hypocrisy of Soviet communism, he still appears committed to a far-left ideology. If that is your cup of tea, count it a plus; I have never been fond of Marx or Engels.</p>
<p>Sixth is crop substitution, and this one deserves a direct conversation. On paper it sounds marvelous: rather than spray coca with herbicides that wreck the environment and people&#8217;s health, offer farmers a legal alternative and a path out. If it worked the way it is drawn up, I would back it one hundred percent. The problem is the gap between the brochure and the dirt road — and that gap is built on a premise that simply is not true on the ground: the premise that the <em>campesino</em> is a free actor who chooses to grow coca and could, if persuaded, choose to grow something else.</p>
<p>In much of rural Colombia, the small farmer does not get to volunteer. Where the FARC dissidents and the <em>ELN</em> hold territory, the armed group tells the farmer he will cultivate coca, do the manual labor of harvesting it, and sell the leaf or paste to the group at a price the group sets — under penalty of death. Refuse, and the farmer is driven off his land or simply killed. This is not a lifestyle preference; it is coercion at gunpoint. The reporting bears out the broader pattern. Finance Colombia&#8217;s coverage, drawn from InSight Crime, documents how the power vacuum left by the FARC&#8217;s 2016 demobilization was filled by the ELN, the Gaitanista Self-Defense Forces, and FARC dissidents fighting for control of coca zones, and how the state&#8217;s failure to deliver on substitution let armed groups fill the vacuum and tighten their grip. The human cost is staggering: after families signed substitution agreements, the murder rate of supportive social leaders rose by 546 percent, according to a study cited by InSight Crime, and only about 5 percent of the program&#8217;s 2023 budget was actually executed. You cannot ask a farmer to switch crops when the entity controlling his life and his land is not the government but a guerrilla faction that has already told him what he will plant.</p>
<p>That is why this is not a matter of asking farmers nicely to grow coffee or cacao. It is not their choice. Security has to come first. Crop substitution can only work where the state — not the guerrillas — holds the territory and can guarantee a farmer&#8217;s safety when he says no to coca. The armed groups must be displaced before substitution has any chance, and any candidate who treats substitution as a soft alternative to security has the sequence backwards. That is the simple truth of it, and it is the heart of my concern with the Total Peace approach Cepeda helped design.</p>
<p>Seventh, he wants to expand the state&#8217;s role across the board, including continuing Petro&#8217;s effort to take over the health sector. Before the pandemic, Colombia had one of the best reputations in the world for health-care quality. Is it unequal? Yes — care in an isolated hamlet does not match Cali or Medellín, and the south of Bogotá does not match the north. Then let the government build clinics and hospitals where they are missing. There is no reason to take over the parts of the private system that work in order to do that, unless one objects on ideology to doctors and dentists existing as small businesspeople. That is ideology, not health policy.</p>
<p>Eighth, if Cepeda wins he may well protect Daniel Quintero, the former mayor of Medellín under indictment on more than forty counts of corruption. That kind of debt-collection worries me. And ninth, the selective conscience. Cepeda is a former member of the Communist Youth — a plus if you are a communist, unsettling if you are not. The FARC and ELN are also communist groups; one wonders whether that is the root of his apparent sympathy. He casts himself as a human rights defender yet stays conspicuously silent on the abuses of the Chavista regime in Venezuela. La Silla Vacía documented this in detail: roughly a decade of avoiding criticism of Maduro&#8217;s repression, fraudulent elections, and alliances with Colombian guerrillas. Cepeda notices human rights violations committed by people he dislikes while exempting bad actors he is closer to, provided they are communist or socialist. The record on that is fairly clear.</p>
<h3>So where does that leave us?</h3>
<p>Two men. One built his life on being seen — a brilliant, theatrical defense lawyer for the powerful and the accused, now promising an iron fist while surrounding himself with at least one genuinely serious technocrat in José Manuel Restrepo. The other built his life on a single tragedy — a disciplined, consistent, ideologically committed man of the left who has fought for victims for thirty years, and who carries a blind spot the size of a guerrilla encampment.</p>
<p>Here is the paradox I cannot get past: the &#8220;tough on crime&#8221; candidate has spent his career defending criminals, and the &#8220;human rights&#8221; candidate stays silent on half the human rights abuses in his own backyard. Each is, in some way, the very thing he claims to oppose. This is not a runoff between an angel and a devil. It is a runoff between two men who each ask voters to trust that their inconvenient friendships were strictly professional.</p>
<p>I am uneasy about both candidacies, for very different reasons, and I am doing what I said I would: laying it out and handing it to the reader. For deeper background, see Finance Colombia&#8217;s earlier survey of how the leading candidates <a href="https://www.financecolombia.com/colombias-three-presidential-front-runners-draw-divergent-maps-for-foreign-capital-security-and-rule-of-law/">draw divergent maps for foreign capital, security, and the rule of law</a>, its reporting on <a href="https://www.financecolombia.com/what-is-behind-increased-violence-in-colombia/">what is behind Colombia&#8217;s increased violence</a>, and its account of <a href="https://www.financecolombia.com/petro-advances-temporary-concentration-zones-for-clan-del-golfo-as-final-push-for-total-peace-policy/">the final push of the Total Peace policy</a>. The runoff is Sunday, June 21, and the winner is inaugurated August 7.</p>
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		<title>De la Espriella and Cepeda Advance to Colombia’s Presidential Runoff After Polarized First-Round Vote</title>
		<link>https://www.financecolombia.com/de-la-espriella-and-cepeda-advance-to-colombias-presidential-runoff-after-polarized-first-round-vote/</link>
		
		<dc:creator><![CDATA[Jadin Samit Vergara]]></dc:creator>
		<pubDate>Mon, 01 Jun 2026 17:11:39 +0000</pubDate>
				<category><![CDATA[Public Sector & Education]]></category>
		<category><![CDATA[abelardo de la espriella]]></category>
		<category><![CDATA[alvaro uribe]]></category>
		<category><![CDATA[Centro Democrático Party]]></category>
		<category><![CDATA[Colombia´s Election]]></category>
		<category><![CDATA[Colombia´s Presidential Elections]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Gustavo Petro]]></category>
		<category><![CDATA[ivan cepeda]]></category>
		<category><![CDATA[Javier Milei]]></category>
		<category><![CDATA[José Félix Lafaurie]]></category>
		<category><![CDATA[juan daniel oviedo]]></category>
		<category><![CDATA[maria fernanda cabal]]></category>
		<category><![CDATA[national registry of civil status]]></category>
		<category><![CDATA[Nayib Buyele]]></category>
		<category><![CDATA[Pacto Histórico Party]]></category>
		<category><![CDATA[paloma valencia]]></category>
		<category><![CDATA[Paola Holguín]]></category>
		<category><![CDATA[Registraduría Nacional del Estado Civil]]></category>
		<category><![CDATA[total peace]]></category>
		<guid isPermaLink="false">https://www.financecolombia.com/?p=37471</guid>

					<description><![CDATA[Espriella, a far-right candidate has advanced to the presidential runoff with a viable path to victory, while Cepeda posted the strongest electoral result ever achieved by a left-wing candidate....]]></description>
										<content:encoded><![CDATA[<h2>A June 21 presidential runoff will decide Colombia’s next president</h2>
<p>Far-right candidate <a href="https://defensoresdelapatria.com/">Abelardo de la Espriella</a> and leftist <a href="https://ivancepedacastro.com/">Iván Cepeda</a> advanced to the runoff round of Colombia’s presidential election after emerging as the top vote-getters in the May 31, 2026, first-round vote, in a result that reflects the deep political polarization shaping the country.</p>
<p>With 99.99% of polling stations counted, the <a href="https://resultados.registraduria.gov.co/resultados/0/00/">Registraduría Nacional del Estado Civil</a> reported that De la Espriella won more than 10.3 million votes (43.7%), while Cepeda secured 9.6 million votes (40.9%). The two candidates will face each other in a runoff election scheduled for June 21, 2026.</p>
<p>Voter turnout reached 23.7 million people, equivalent to 57.8% of eligible voters. Together, the two candidates captured nearly 85% of valid ballots, leaving the remaining contenders far behind and setting up a contest between two sharply contrasting political visions.</p>
<h2>De la Espriella’s unexpected rise</h2>
<p>De la Espriella’s first-round victory represents one of the biggest surprises of the election and marks the first time in Colombia’s modern political history that a far-right party has emerged with a realistic chance of winning the presidency.</p>
<p>A lawyer by profession with no previous elected office experience, De la Espriella built his campaign around a populist message focused on political confrontation, public security, a hard-liner approach to crime and opposition to negotiations with illegal armed groups. His political style has drawn comparisons to Argentine President <a href="https://x.com/JMilei">Javier Milei</a>, Salvadoran President <a href="https://x.com/nayibbukele?lang=es">Nayib Bukele</a> and US President <a href="https://x.com/realDonaldTrump">Donald Trump</a>.</p>
<p>Most pre-election polls placed him in second or third position, with support ranging between 15% and 25%, well below his final result.</p>
<p>His platform emphasizes stronger security policies, tougher penalties for criminal and narcotraffic organizations, and the construction of large-scale prisons similar to those in El Salvador. He has also rejected peace negotiations with armed groups.</p>
<p>His opposition to diversity and inclusion policies, as well as controversies involving remarks toward female journalists for which he later apologized, also became defining features of his campaign.</p>
<h2>Cepeda achieves the strongest result ever for Colombia’s left party</h2>
<p>Although he finished second, Cepeda achieved the highest vote total ever received by a left-wing presidential candidate in Colombia, surpassing the 8.5 million votes won by President <a href="https://x.com/petrogustavo">Gustavo Petro</a> in a previous presidential election.</p>
<p>The candidate of the ruling <a href="https://www.pactohistoricoparticipa.com/">Pacto Histórico</a> party based his campaign on grassroots mobilization, public rallies and the consolidation of a unified left-wing movement. His message focused on expanding social programs, inclusion and reducing inequality.</p>
<p>However, his candidacy has also been weighed down by criticism of the current administration, particularly regarding security concerns, problems within Colombia’s healthcare system and the limited results of the government’s “<a href="https://insightcrime.org/news/gamechangers-2025-colombia-total-peace-in-pieces/">Total Peace</a>” policy, which Petro promoted and Cepeda supported during his years in <a href="http://www.secretariasenado.gov.co/">Congress</a>.</p>
<p>Cepeda’s political career has been built in Congress, where he became known for defending the rights of victims of paramilitary violence and for his role in legal cases involving former President Álvaro Uribe.</p>
<p>After preliminary results were released, both Cepeda and Petro publicly questioned the preliminary vote count while stating they would recognize the official results certified by electoral commissions, judges and notaries.</p>
<blockquote><p>“As president, I do not accept the preliminary count results,” Petro wrote on <a href="https://x.com/petrogustavo/status/2061239161038725434">X</a>, arguing that Colombia’s pre-count system has no legal validity and that only the official scrutiny process produces binding results. He later added that “the binding results the president will recognize are those issued by the electoral scrutiny commissions.”</p></blockquote>
<p>Cepeda has also sought to distance himself from some of Petro’s proposals, including the idea of convening a constituent assembly to revise Colombia’s constitutional framework.</p>
<h2>Historic defeat for Uribe’s political movement</h2>
<p>Another major statement of the election was the poor performance of <a href="https://palomapresidente.com.co/">Paloma Valencia</a>, candidate of the <a href="https://www.centrodemocratico.com/">Centro Democrático</a> party and backed by former President Uribe, who campaigned alongside her throughout the country despite defections by several prominent supporters.</p>
<p>Valencia finished third with 1.6 million votes (6.9%), far below polling projections that had placed her above 20%.</p>
<p>The result is widely attributed to voter fatigue with Uribe’s political movement and the migration of conservative voters toward De la Espriella, who was endorsed during the campaign by several prominent right-wing figures, including senators <a href="https://paolaholguin.com/">Paola Holguín</a> and <a href="https://mariafernandacabal.com/">María Fernanda Cabal</a>, as well as leader and businessman <a href="https://www.fedegan.org.co/quienes-somos/presidencia-ejecutiva">José Félix Lafaurie</a>.</p>
<p>Strategic decisions within Valencia’s campaign may also have contributed to the result, including the selection of former Bogotá councilman <a href="https://juandanieloviedo.com.co/">Juan Daniel Oviedo</a> as her vice-presidential running mate and her reluctance to directly confront De la Espriella during the campaign.</p>
<p>This marks the second consecutive presidential election in which Uribe reaches the runoff without a candidate from his own party. Nevertheless, he quickly endorsed De la Espriella after the results became known.</p>
<p>That endorsement could prove crucial. If elected, De la Espriella would face a Congress in which his movement holds only limited representation, making support from Centro Democrático, the second-largest congressional bloc, essential for advancing legislation and reforms.</p>
<h2>Centrist voters may decide the runoff</h2>
<p>Former Medellín Mayor <a href="https://www.sergiofajardo.com/">Sergio Fajardo</a>, who campaigned as a centrist alternative, finished fourth with more than 1 million votes (4.2%), while none of the remaining candidates surpassed 1% of the vote.</p>
<p>As the runoff approaches, the votes won by both Valencia and Fajardo are expected to be closely watched by the two campaigns, as they could prove decisive in an election that is shaping up to be highly competitive, deeply polarized and politically fragmented.</p>
<p>While Valencia has already endorsed De la Espriella, Fajardo has yet to take a public position. In previous elections, the former Medellín mayor has preferred to leave his supporters free to decide rather than formally endorse either finalist.</p>
<p>In Valencia’s case, despite her endorsement of De la Espriella, it remains unclear whether her support came primarily from voters aligned with former President Álvaro Uribe or whether a significant share was driven by the candidacy of Juan Daniel Oviedo, who won more than 1.2 million votes in the coalition primaries held in March.</p>
<p>The June 21 presidential runoff will therefore pit two sharply different visions for Colombia’s future against one another, in a political environment marked by polarization, social tensions, and persistent challenges related to security and governance that the next administration will have to address.</p>
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		<title>Petro Advances Temporary Concentration Zones for “Clan del Golfo” as Final Push for Total Peace Policy</title>
		<link>https://www.financecolombia.com/petro-advances-temporary-concentration-zones-for-clan-del-golfo-as-final-push-for-total-peace-policy/</link>
		
		<dc:creator><![CDATA[Jadin Samit Vergara]]></dc:creator>
		<pubDate>Mon, 25 May 2026 17:36:11 +0000</pubDate>
				<category><![CDATA[Law, Justice & Peace]]></category>
		<category><![CDATA[chiquito malo]]></category>
		<category><![CDATA[Clan del Golfo]]></category>
		<category><![CDATA[colombia]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Estado Mayor Conjunto del Ejército Gaitanista de Colombia (EGC)]]></category>
		<category><![CDATA[fip]]></category>
		<category><![CDATA[fundacion ideas para la paz]]></category>
		<category><![CDATA[Gustavo Petro]]></category>
		<category><![CDATA[Iris Marín]]></category>
		<category><![CDATA[Jobanis de Jesús Ávila Villadiego]]></category>
		<category><![CDATA[lúz adriana camargo]]></category>
		<category><![CDATA[Office of the High Commissioner for Peace]]></category>
		<category><![CDATA[paz total]]></category>
		<category><![CDATA[qatar]]></category>
		<category><![CDATA[total peace]]></category>
		<category><![CDATA[us government]]></category>
		<category><![CDATA[Zonas de Ubicación Temporal (ZUT)]]></category>
		<category><![CDATA[ZUT]]></category>
		<guid isPermaLink="false">https://www.financecolombia.com/?p=37403</guid>

					<description><![CDATA[As part of his “Total Peace” policy, President Gustavo Petro is seeking a temporary concentration zone for the Clan del Golfo, Colombia’s largest drug-trafficking group....]]></description>
										<content:encoded><![CDATA[<h2>More than 400 combatants would be concentrated in the new zones as negotiations continue in Doha, Qatar</h2>
<p>President <a href="https://x.com/petrogustavo">Gustavo Petro</a> is moving forward with the creation of temporary concentration zones, known as <a href="https://bapp.com.co/documento/definicion-principios-y-elementos-para-la-determinacion-de-las-zonas-de-ubicacion-temporal-zut/">Zonas de Ubicación Temporal (ZUT)</a>, for members of the <a href="https://insightcrime.org/es/noticias-crimen-organizado-colombia/urabenos-perfil/">Estado Mayor Conjunto del Ejército Gaitanista de Colombia (EGC)</a>, also known as the Clan del Golfo, the country’s largest drug trafficking armed group, in a renewed effort to advance his Total Peace (<a href="https://www.dnp.gov.co/LaEntidad_/subdireccion-general-prospectiva-desarrollo-nacional/direccion-gobierno-ddhh-paz/Paginas/sobre-la-paz-total.aspx">Paz Total</a>) policy just days before Colombia’s presidential elections on May 31, 2026.</p>
<p>According to an <a href="https://www.presidencia.gov.co/prensa/Paginas/Ninguno-de-los-400-combatientes-del-EGC-que-se-concentraran-en-Zonas-260519.aspx">official statement</a> from Colombia’s presidency, the ZUTs would initially allow the concentration of more than 400 combatants while parallel negotiations continue over a possible peace agreement with the Colombian government, although no preliminary agreements have yet been reached.</p>
<p>The temporary concentration zones would function as designated areas where combatants suspend armed activities while participating in talks with the government and preparing for a potential reintegration into civilian life.</p>
<p>According to the government, the zones would remain in effect until December 31, 2026, meaning their future would ultimately depend on Colombia’s next president, who will take office on August 7, as well as on the broader future of the Total Peace policy.</p>
<h2>Colombia’s most powerful criminal organization</h2>
<p>The Clan del Golfo is considered by specialized organizations, including the <a href="https://ideaspaz.org/">Fundación Ideas para la Paz (FIP)</a>, to be Colombia’s most powerful criminal structure.</p>
<p>According to the organization, the group has nearly 10,000 armed members and operates in multiple strategic regions linked to drug trafficking, illegal mining and territorial control.</p>
<p>The <a href="https://www.state.gov/translations/spanish/designacion-del-clan-del-golfo-como-organizacion-terrorista">US government</a> has designated the group a transnational terrorist organization, while President <a href="https://x.com/realDonaldTrump">Donald Trump</a> previously <a href="https://x.com/petrogustavo/status/1995948716440821836?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1995948716440821836%7Ctwgr%5E17db1ca78a999bb2a23e08b27ca44c38d5580a91%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.dw.com%2Fes%2Fcolombia-preocupada-por-amenaza-de-trump-a-amC3A9rica-latina%2Fa-74999276">warned of possible US military actions in Colombian territory</a> over security and narcotics concerns, comments that sparked diplomatic tensions with Petro’s administration.</p>
<h2>Institutional clash over arrest warrants and extradition requests</h2>
<p>The ZUT proposal comes amid tensions between Colombia’s executive branch and the <a href="https://www.fiscalia.gov.co/colombia/">Attorney General’s Office</a> over the legal conditions required to move the process forward.</p>
<p>The <a href="https://www.consejeriacomisionadadepaz.gov.co/">Office of the High Commissioner for Peace</a> requested the suspension of arrest warrants against 29 Clan del Golfo members, including 13 individuals subject to extradition requests, among them <a href="https://www.policia.gov.co/contenido/clan-del-golfo">Jobanis de Jesús Ávila Villadiego</a>, alias “Chiquito Malo,” the group’s top leader.</p>
<p>Attorney General <a href="https://www.fiscalia.gov.co/colombia/la-entidad/el-fiscal/">Luz Adriana Camargo</a> rejected the request, citing legal limitations regarding individuals sought by foreign authorities.</p>
<p>Following the refusal, Petro publicly defended the process in a message on <a href="https://x.com/petrogustavo/status/2054252851539395070">X</a>. “I have been clear that, in the early stages of the process, individuals facing extradition do not participate,” the president wrote, denying any intention to suspend extradition orders unless there is “an advanced peace process, as established by law.”</p>
<p>Amid the controversy, the Clan del Golfo itself issued a <a href="https://x.com/soygaitanista/status/2056730170304737784/photo/1">statement</a> accepting that individuals facing extradition requests would not initially participate in the temporary concentration zones.</p>
<p>“As an unequivocal demonstration of political will and coherence, the Joint High Command of the Gaitanista Army of Colombia accepts, in good faith, that access to the Temporary Concentration Zones will be limited to combatants who are not subject to extradition requests by any foreign government,” the group <a href="https://x.com/soygaitanista/status/2056730170304737784/photo/1">said</a>.</p>
<p>The group added that the decision seeks to “remove any shadow of doubt” over the process and prevent extradition disputes from obstructing negotiations.</p>
<blockquote><p>The presidency later highlighted that the EGC accepted the government’s conditions for concentrating fighters in Tierralta, Córdoba, and in the municipalities of Belén de Bajirá and Unguía, Chocó. According to the government, combatants and commanders are expected to begin entering the zones on June 25.</p></blockquote>
<h2>Criticism over timing</h2>
<p>The initiative has sparked criticism because of its timing, arriving just days before presidential elections and during a government transition period.</p>
<p>Ombudswoman <a href="https://www.defensoria.gov.co/la-defensora">Iris Marín</a> warned that the process creates uncertainty over how armed groups might interpret the political transition.</p>
<p>“The move toward those zones creates expectations among armed groups in the middle of an electoral context and government transition. It is impossible for disarmament to happen before August 7, 2026, so how do armed groups interpret that in an electoral context?” Marín said in a <a href="https://www.facebook.com/watch/?v=27327431733528713">video shared on social media.</a></p>
<p>Marín clarified, however, that Colombia’s Constitution grants the president authority to pursue peace negotiations, meaning concerns center not on the legality of the initiative itself but on its political timing.</p>
<p>Negotiations between the Colombian government and the Clan del Golfo have been underway since 2025 in Doha, Qatar, which has quietly hosted talks between both parties. According to official sources, the ZUTs are intended as confidence-building measures and humanitarian relief for communities affected by the group’s violence.</p>
<p>*</p>
<h6 style="text-align: right;"><em>Photo: Colombian government representative Álvaro Jiménez shakes hands with Clan del Golfo spokesperson Luis Armando Pérez in the presence of Qatar’s Minister of State for Foreign Affairs, Mohammed bin Abdulaziz bin Saleh Al-Khulaifi, in Doha on September 18, 2025, at the start of peace talks. Photo shared by Colombia’s Office of the High Commissioner for Peace.</em></h6>
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		<title>ELN Guerrilla Group Announces Unilateral Ceasefire During Colombia’s Presidential Elections</title>
		<link>https://www.financecolombia.com/eln-guerrilla-group-announces-unilateral-ceasefire-during-colombias-presidential-elections/</link>
		
		<dc:creator><![CDATA[Jadin Samit Vergara]]></dc:creator>
		<pubDate>Fri, 22 May 2026 22:17:48 +0000</pubDate>
				<category><![CDATA[Law, Justice & Peace]]></category>
		<category><![CDATA[Association for Peasant Unity of Catatumbo (Asuncat)]]></category>
		<category><![CDATA[Ceasefire]]></category>
		<category><![CDATA[Colombia Ministry of Interior]]></category>
		<category><![CDATA[Colombia´s Ceasefire]]></category>
		<category><![CDATA[Colombia’s Government Peace Delegation]]></category>
		<category><![CDATA[ELN Colombia]]></category>
		<category><![CDATA[ELN guerrilla group]]></category>
		<category><![CDATA[ELN National Directorate]]></category>
		<category><![CDATA[Foundation for Peace and Reconciliation (FIP)]]></category>
		<category><![CDATA[Freiman David Velásquez]]></category>
		<category><![CDATA[Gustavo Petro]]></category>
		<category><![CDATA[Ministry of the Interior]]></category>
		<category><![CDATA[National Liberat]]></category>
		<category><![CDATA[paz total]]></category>
		<category><![CDATA[total peace]]></category>
		<category><![CDATA[Unilaterañ Ceasefire]]></category>
		<guid isPermaLink="false">https://www.financecolombia.com/?p=37389</guid>

					<description><![CDATA[The ceasefire, set to run from May 30 to June 2, 2026, includes a halt to offensive military actions by the guerrilla group against voters and Colombian security forces during the election period....]]></description>
										<content:encoded><![CDATA[<p>Colombia’s <a href="https://eln-voces.net/">National Liberation Army (ELN)</a> guerrilla group announced Wednesday, May 20, 2026, a unilateral ceasefire ahead of the country’s presidential election and said it would not interfere in the voting process, whose first round is scheduled for May 31.</p>
<p>According to a <a href="https://x.com/DDPazELN/status/2057029454006771946">statement</a> released by the insurgent group, the ceasefire will begin at 12:00 am on May 30 and remain in effect until 12:00 am on June 2, with the stated objective of respecting Colombians’ “free right to vote.”</p>
<p>“The National Liberation Army informs the Colombian people of its respect for the free right to vote and its noninterference in the current electoral process, and for that purpose will carry out a unilateral ceasefire during the May 31 voting day,” the ELN said in the statement.</p>
<p>The organization also said it instructed all of its armed units to suspend offensive military operations against state security forces during the announced period.</p>
<blockquote><p>“The <a href="https://eln-voces.net/category/nuestra-voz/direccion-nacional-dn/">ELN National Directorate</a> instructs all combat units not to conduct offensive military operations against the State’s Armed Forces,” said the guerrilla group, which is designated as a terrorist organization by both the United States and the European Union.</p></blockquote>
<p>“The <a href="https://eln-voces.net/category/nuestra-voz/direccion-nacional-dn/">ELN National Directorate</a> instructs all combat units not to conduct offensive military operations against the State’s Armed Forces,” said the guerrilla group, which is designated as a terrorist organization by both the United States and the European Union.</p>
<h2>Announcement follows renewed violence</h2>
<p>The announcement comes amid worsening security conditions in several regions of Colombia and one day after a massacre in the northeastern department of Norte de Santander that <a href="https://www.mininterior.gov.co/noticias/mininterior-rechaza-masacre-en-catatumbo-y-el-asesinato-de-freiman-david-velasquez-y-sus-acompanantes/">Ministry of the Interior</a> suspect was carried out by the ELN.</p>
<p>The armed group also referred to recent military operations ordered by President <a href="https://x.com/petrogustavo">Gustavo Petro</a> in municipalities including Ábrego, Tibú and other areas of the Catatumbo region, a strategic border zone with Venezuela marked by territorial disputes, illegal economies and the presence of multiple armed groups.</p>
<p>In its statement, the ELN claimed that military bombings carried out May 9, 2026, in Tibú “fell into empty territory” and said the organization suffered no casualties.</p>
<p>“We want to clarify to national and international public opinion that the bombings carried out by the Military Forces under the direction of Gustavo Petro against the ELN on the night of May 9 resulted in neither deaths nor injuries on our side,” the group said.</p>
<p>However, recent military operations and violence in Norte de Santander have left multiple victims. Among them was <a href="https://www.facebook.com/photo/?fbid=987244790329452&amp;set=pcb.987244906996107">Freiman David Velásquez</a>, a social leader from the <a href="https://asuncat.com.co/">Association for Peasant Unity of Catatumbo (Asuncat)</a>, who was killed despite having a government protection scheme in place.</p>
<h2>“Total Peace” policy faces renewed challenges</h2>
<p>The ELN, founded in 1964 and considered Colombia’s oldest active guerrilla organization, has engaged in several rounds of peace negotiations with the Colombian government over recent decades.</p>
<p>Under Petro’s administration, the group participated in negotiations under the government’s “<a href="https://www.google.com/search?q=paz+total&amp;oq=paz+total&amp;gs_lcrp=EgZjaHJvbWUyDggAEEUYJxg5GIAEGIoFMgwIARAAGBQYhwIYgAQyBwgCEAAYgAQyBwgDEAAYgAQyBwgEEAAYgAQyBwgFEAAYgAQyBwgGEAAYgAQyBwgHEAAYgAQyBwgIEAAYgAQyBwgJEAAYgATSAQgxNTE5ajBqNKgCALACAA&amp;sourceid=chrome&amp;ie=UTF-8#:~:text=Resultados%20web-,Paz%20Total,https%3A//www.dnp.gov.co%20%E2%80%BA%20Paginas%20%E2%80%BA%20sobre%2Dla%2Dpaz%2Dtotal,-16%20jun%202025">Total Peace</a>” (Paz Total) policy, an initiative designed to pursue simultaneous talks with multiple illegal armed organizations.</p>
<p>However, according to <a href="https://delegacionelnpaz.org/">Colombia’s Government Peace Delegation</a>, the process has repeatedly stalled amid kidnappings, armed attacks, targeted killings and territorial violence linked to the guerrilla group, reducing prospects for a negotiated settlement in the short term.</p>
<p>According to figures cited by the <a href="https://ideaspaz.org/publicaciones/noticias/2026-01/los-12-meses-de-guerra-en-el-catatumbo">Foundation for Peace and Reconciliation (FIP)</a>, the security crisis in conflict-affected region of Catatumbo (Norte de Santander) has left at least 166 people dead, including six signatories of Colombia’s peace agreement and 10 minors, as well as 19 members of the security forces killed.</p>
<p>The organization also reported that nearly 92,000 people have been forcibly displaced from their homes as violence escalates across several regions of the country.</p>
<p>The ELN’s announcement comes less than two weeks before a presidential election marked by high political polarization, security concerns and fears over potential disruptions to voting in regions historically affected by Colombia’s armed conflict.</p>
<p>More about Colombia´s presidential elections? Read <a href="https://www.financecolombia.com/colombias-presidential-race-marked-by-polarization-divided-right-and-absence-of-debates/">Colombia’s Presidential Race Marked by Polarization, Divided Right and Absence of Debates</a> by <a href="https://www.financecolombia.com/">Finance Colombia</a>.</p>
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		<title>Editorial: Gustavo Petro&#8217;s &#8220;Total Peace&#8221; Has Led to Total Chaos in Colombia</title>
		<link>https://www.financecolombia.com/editorial-gustavo-petros-total-peace-has-led-to-total-chaos-in-colombia/</link>
		
		<dc:creator><![CDATA[Loren Moss]]></dc:creator>
		<pubDate>Mon, 23 Mar 2026 21:44:16 +0000</pubDate>
				<category><![CDATA[Law, Justice & Peace]]></category>
		<category><![CDATA[OpEd, Expert, or Guest Contribution]]></category>
		<category><![CDATA[andrés Rendón]]></category>
		<category><![CDATA[antioquia]]></category>
		<category><![CDATA[armed conflict]]></category>
		<category><![CDATA[Bajo Baudó]]></category>
		<category><![CDATA[bajo cauca]]></category>
		<category><![CDATA[chocó]]></category>
		<category><![CDATA[Clan del Golfo]]></category>
		<category><![CDATA[Drone Regulations]]></category>
		<category><![CDATA[eln]]></category>
		<category><![CDATA[FARC Dissidents]]></category>
		<category><![CDATA[Gemini said Colombia]]></category>
		<category><![CDATA[Global Terrorism Index]]></category>
		<category><![CDATA[Gustavo Petro]]></category>
		<category><![CDATA[homicides]]></category>
		<category><![CDATA[Human Rights]]></category>
		<category><![CDATA[Infrastructure Blockades]]></category>
		<category><![CDATA[Insecurity]]></category>
		<category><![CDATA[Investment Climate]]></category>
		<category><![CDATA[Nubia Carolina Córdoba]]></category>
		<category><![CDATA[paz total]]></category>
		<category><![CDATA[Public Order.]]></category>
		<category><![CDATA[total peace]]></category>
		<category><![CDATA[Tourism]]></category>
		<guid isPermaLink="false">https://www.financecolombia.com/?p=36992</guid>

					<description><![CDATA[Record homicides and guerilla expansion challenge Colombia's security under the current president, impacting international investment and regional stability....]]></description>
										<content:encoded><![CDATA[<p>Colombia’s President Gustavo Petro ran for president on a campaign promising <em>Paz Total</em>—Total Peace. He promised to give the FARC dissidents, the vicious ELN guerillas, and mafias like the <em>Clan del Golfo</em> a good talking to, and with that, they will just lay down their weapons and become model citizens. Petro promised that through dialogue with bloodthirsty kidnappers and extortionists, they would be willing to stop being bloodthirsty kidnappers and extortionists; as if they are just misunderstood little muffins who only need a hug.</p>
<div id="attachment_36997" style="width: 326px" class="wp-caption alignleft"><a href="https://www.financecolombia.com/wp-content/uploads/2026/03/Nubia-Carolina-Cordova.jpg" target="_blank" rel="noopener"><img decoding="async" aria-describedby="caption-attachment-36997" class="wp-image-36997 size-large" src="https://www.financecolombia.com/wp-content/uploads/2026/03/Nubia-Carolina-Cordova-316x450.jpg" alt="Nubia Carolina Córdoba, governor of Chocó, Colombia (photo from her Twitter account)" width="316" height="450" srcset="https://www.financecolombia.com/wp-content/uploads/2026/03/Nubia-Carolina-Cordova-316x450.jpg 316w, https://www.financecolombia.com/wp-content/uploads/2026/03/Nubia-Carolina-Cordova-337x480.jpg 337w, https://www.financecolombia.com/wp-content/uploads/2026/03/Nubia-Carolina-Cordova-176x250.jpg 176w, https://www.financecolombia.com/wp-content/uploads/2026/03/Nubia-Carolina-Cordova-246x350.jpg 246w, https://www.financecolombia.com/wp-content/uploads/2026/03/Nubia-Carolina-Cordova-105x150.jpg 105w, https://www.financecolombia.com/wp-content/uploads/2026/03/Nubia-Carolina-Cordova.jpg 620w" sizes="(max-width: 316px) 100vw, 316px" /></a><p id="caption-attachment-36997" class="wp-caption-text">Nubia Carolina Córdoba, governor of Chocó, Colombia (photo from her Twitter account)</p></div>
<p>According to figures compiled by the <a href="https://www.externado.edu.co/">Universidad Externado</a> and reported by <a href="https://thecitypaperbogota.com/news/colombia-records-40663-murders-under-petro-surpassing-santos-and-duque/">The City Paper Bogotá</a>, Colombia has recorded 40,663 homicides during the first three years of the Petro presidency. Over 400 human rights defenders have been slaughtered between 2022 and 2025 according to the <a href="https://www.ohchr.org/en/press-releases/2026/03/colombia-urgent-action-needed-end-widespread-violence-against-human-rights">United Nations Office of the High Commissioner on Human Rights</a>. <a href="https://www.hrw.org/world-report/2025/country-chapters/colombia">Human Rights Watch</a> reports that the ELN and FARC dissidents have expanded their territories by up to 55%. They are taking back over Colombia.</p>
<p>Under Gustavo Petro’s watch, Colombia has returned to the <a href="https://www.economicsandpeace.org/">Institute for Economics and Peace</a>’s <a href="https://www.economicsandpeace.org/wp-content/uploads/2026/03/Global-Terrorism-Index-2026-Report.pdf">Global Terrorism Index</a> top ten list of countries impacted by terrorism, along with Total Peace destinations like Democratic Republic of Congo, Somalia, and Syria. Just this past week, a Clan del Golfo<a href="https://www.facebook.com/share/p/1D85EMo8yA/"> poster</a> was put up within walking distance from the <em>Aeropuerto Internacional José María Córdova</em> just outside of Medellín. This Total Peace nonsense is a failure.</p>
<p>Right now, in the neglected Pacific department of Chocó, the ELN has kidnapped whole communities. Petro ran a campaign promising that he was going to embrace these historically neglected communities—places like Chocó, Nariño, La Guajira, and Norte de Santander—but insecurity is increasing. Chocó&#8217;s governor, <a href="https://x.com/NubiaCarolinaCC">Nubia Carolina Córdoba</a>, says <a href="https://www.elcolombiano.com/colombia/ofensiva-eln-mas-de-6-000-personas-confinadas-choco-FC34723622">6,047 people are trapped</a> inside of their homes because the ELN has announced an illegal armed curfew in the municipality of <em>Bajo Baudó</em>. Most of these people are already poor, and now they have been kidnapped en masse by this guerilla group that operates with impunity because Gustavo Petro coddles them with &#8220;dialogue.&#8221;</p>
<p>According to Governor Córdoba, they attacked the police station in the village of <em>Santa Rita</em> using grenades attached to drones. It has gotten so bad that Colombia has <a href="https://www.financecolombia.com/colombia-tightens-rules-for-bringing-drones-into-the-country-over-security-concerns/">restricted the entry of drones</a> into the country. These people are calling out for help, but the president insists on talking as the ELN grows and continues to menace the police forces, the Colombian military, and, most importantly, the innocent public.</p>
<p>There is currently public disorder where belligerents have completely blocked the roads in the north of Antioquia, in the region called <em>Bajo Cauca</em>, and also in the neighboring department of Córdoba. The city of Caucasia is under curfew. Antioquia’s Governor, <a href="https://x.com/AndresJRendonC/status/2035813743104344226?s=20">Andrés Rendón</a>, has urgently called on the national government to stop the talk and take action. Groups are <a href="https://x.com/MiOriente/status/2035833899817763163?s=20">attacking ambulances</a> and <a href="https://x.com/MiOriente/status/2035833716497420712?s=20">burning people’s motorcycles</a> as they try to get by the roadblocks, regardless of the emergency.</p>
<p>Governor Rendón stated: &#8220;There can be no dialogue amidst blockades and human rights violations. It&#8217;s been seven days now with the <em>Bajo Cauca</em> region paralyzed and the country held hostage by chaos.&#8221; He called on the <em>Fiscalía General de la Nación</em> to bring those responsible to justice and challenged the Minister of Defense, Pedro Sánchez, to order the immediate reopening of the roads. &#8220;We’re not talking about small-scale miners here; behind this are criminal structures, as everyone knows, that finance themselves through illegal mining and move billions of pesos,&#8221; Rendón added, demanding full authority against the criminals who use communities as a shield.</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="es">El gobernador de Antioquia, <a href="https://twitter.com/AndresJRendonC?ref_src=twsrc%5Etfw">@AndresJRendonC</a>, se pronunció sobre la situación de orden público en el Bajo Cauca, en medio de los bloqueos que ya completan varios días y afectan la movilidad y la seguridad en la región. <a href="https://twitter.com/GobAntioquia?ref_src=twsrc%5Etfw">@GobAntioquia</a> <a href="https://t.co/4SPQgTa68r">pic.twitter.com/4SPQgTa68r</a></p>
<p>— MiOriente (@MiOriente) <a href="https://twitter.com/MiOriente/status/2035833632720400489?ref_src=twsrc%5Etfw">March 22, 2026</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The current situation with these organized criminal groups—whether regular mafias like the <em>Clan del Golfo</em> or murderous Marxist guerillas like the ELN and the FARC dissidents—is reminiscent of a classroom where a substitute teacher has lost all control. Petro promised Total Peace, but the result has been Total Chaos. Investors do not want to deal with this mess. While the Petro government claims they want tourism to be a major economic driver, road blocks make many areas look like scenes out of <em>Mad Max: Road Warrior</em>. Whole zones of the Pacific coast are unsafe even for residents, met with pure impotence from the regime.</p>
<p>Ten years ago, it was safe to drive from Medellín to the beachside town of Coveñas in Sucre, but that is no longer the case. While it remains safe to visit Colombia for business or tourism in major hubs like Bogotá, Medellín, Santa Marta, or the San Andrés islands, the long-term outlook is concerning. My hope is that Colombians choose a future leader serious about law and order as a prerequisite for human rights. It is not only the government that we need to protect human rights from; those who kill, steal, kidnap, and forcibly recruit children are violating those rights as well.</p>
<div id="attachment_36999" style="width: 810px" class="wp-caption aligncenter"><a href="https://www.financecolombia.com/wp-content/uploads/2026/03/652173674_1253738493565960_6125603065011206264_n.jpg"><img decoding="async" aria-describedby="caption-attachment-36999" class="size-large wp-image-36999" src="https://www.financecolombia.com/wp-content/uploads/2026/03/652173674_1253738493565960_6125603065011206264_n-800x409.jpg" alt="Colombian anti-explosives experts inspect propaganda by the Clan del Golfo mafia group just minutes away from Medellin's international airport in March, 2026 (image from Facebook)." width="800" height="409" srcset="https://www.financecolombia.com/wp-content/uploads/2026/03/652173674_1253738493565960_6125603065011206264_n-800x409.jpg 800w, https://www.financecolombia.com/wp-content/uploads/2026/03/652173674_1253738493565960_6125603065011206264_n-417x213.jpg 417w, https://www.financecolombia.com/wp-content/uploads/2026/03/652173674_1253738493565960_6125603065011206264_n-768x392.jpg 768w, https://www.financecolombia.com/wp-content/uploads/2026/03/652173674_1253738493565960_6125603065011206264_n-685x350.jpg 685w, https://www.financecolombia.com/wp-content/uploads/2026/03/652173674_1253738493565960_6125603065011206264_n-200x102.jpg 200w, https://www.financecolombia.com/wp-content/uploads/2026/03/652173674_1253738493565960_6125603065011206264_n.jpg 1325w" sizes="(max-width: 800px) 100vw, 800px" /></a><p id="caption-attachment-36999" class="wp-caption-text">Colombian anti-explosives experts inspect propaganda by the Clan del Golfo mafia group just minutes away from Medellin&#8217;s international airport in March, 2026 (image from Facebook).</p></div>
<p>&nbsp;</p>
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		<title>European Parliament Accuses Colombia&#8217;s President Gustavo Petro of Favoring Criminal Groups While Petro Blames European Mafias For Colombia&#8217;s Insecurity</title>
		<link>https://www.financecolombia.com/european-parliament-accuses-colombias-president-gustavo-petro-of-favoring-criminal-groups-while-petro-blames-european-mafias-for-colombias-insecurity/</link>
		
		<dc:creator><![CDATA[Editorial Staff]]></dc:creator>
		<pubDate>Sat, 20 Sep 2025 10:50:15 +0000</pubDate>
				<category><![CDATA[Law, Justice & Peace]]></category>
		<category><![CDATA[cali]]></category>
		<category><![CDATA[cartel de los soles]]></category>
		<category><![CDATA[cauca]]></category>
		<category><![CDATA[Clan del Golfo]]></category>
		<category><![CDATA[colombia]]></category>
		<category><![CDATA[EPP]]></category>
		<category><![CDATA[european parliament]]></category>
		<category><![CDATA[European People's Party]]></category>
		<category><![CDATA[FARC Dissidents]]></category>
		<category><![CDATA[Foro Madrid]]></category>
		<category><![CDATA[Gustavo Petro]]></category>
		<category><![CDATA[Hermann Tertsch]]></category>
		<category><![CDATA[Infobae]]></category>
		<category><![CDATA[Juan Ignacio Zoido]]></category>
		<category><![CDATA[MEPs]]></category>
		<category><![CDATA[Patriots for Europe]]></category>
		<category><![CDATA[popayan]]></category>
		<category><![CDATA[Timbío]]></category>
		<category><![CDATA[total peace]]></category>
		<category><![CDATA[Uribe Turbay]]></category>
		<category><![CDATA[venezuela]]></category>
		<category><![CDATA[Vox]]></category>
		<guid isPermaLink="false">https://www.financecolombia.com/?p=36185</guid>

					<description><![CDATA[“The international mafias could even be Gustavo Petro’s own interlocutors,” Tertsch stated, referencing alleged links between the government and criminal structures....]]></description>
										<content:encoded><![CDATA[<p>A war of words has erupted between members of the <a href="https://www.europarl.europa.eu/portal/en" target="_blank" rel="noopener">European Parliament</a> and the administration of Colombian President <a href="https://www.google.com/search?q=https://www.presidencia.gov.co/" target="_blank" rel="noopener">Gustavo Petro</a>, following a parliamentary resolution expressing grave concern over rising political violence in the South American nation. As reported by the news outlet <a href="https://www.infobae.com/colombia/2025/09/12/eurodiputados-europeos-acusan-al-gobierno-de-petro-de-favorecer-a-grupos-criminales-y-ponen-en-alerta-a-colombia-habia-prometido-la-paz-absoluta/">Infobae</a>, European parliamentarians have accused the Colombian government of actions that indirectly favor criminal organizations, while President Petro has vehemently rejected the claims as baseless and misinformed.</p>
<p>The conflict centers on a resolution passed by the European Parliament on September 9, which highlighted an escalation in political violence in Colombia throughout 2025. The resolution condemned a series of violent acts, including the assassination of Senator and presidential pre-candidate Miguel Uribe Turbay, warning that such crimes are not isolated incidents but part of a wider pattern of intimidation that threatens democratic stability ahead of the 2026 elections.</p>
<p>Members of the <a href="https://www.epp.eu/" target="_blank" rel="noopener">European People&#8217;s Party</a> (EPP), including <a href="https://www.europarl.europa.eu/meps/en/197831/HERMANN_TERTSCH/home" target="_blank" rel="noopener">Hermann Tertsch</a> and <a href="https://www.europarl.europa.eu/meps/en/197621/JUAN+IGNACIO_ZOIDO+ALVAREZ/home" target="_blank" rel="noopener">Juan Ignacio Zoido</a>, have voiced specific concerns. They allege that the Colombian executive branch is indirectly enabling groups such as the Clan del Golfo, FARC dissidents, and the Cartel de los Soles, a transnational criminal network allegedly operating out of Venezuela.</p>
<p>Speaking to Colombia&#8217;s <a href="https://www.wradio.com.co/" target="_blank" rel="noopener">W Radio</a>, Tertsch asserted that these criminal organizations have expanded their operations during Petro&#8217;s tenure. “The international mafias could even be Gustavo Petro’s own interlocutors,” Tertsch stated, referencing alleged links between the government and criminal structures.</p>
<p>The parliamentarians cited recent high-profile attacks as evidence of the deteriorating security situation, including the murder of Senator Uribe Turbay, a car bomb attack in Cali, and the downing of a military helicopter in Antioquia that resulted in the deaths of 12 police officers. They argue these events are part of a coordinated strategy to destabilize Colombian institutions.</p>
<blockquote><p>“The international mafias could even be Gustavo Petro’s own interlocutors,” Tertsch stated, referencing alleged links between the government and criminal structures.</p></blockquote>
<p>Juan Ignacio Zoido, speaking to <a href="https://www.bluradio.com/" target="_blank" rel="noopener">Blu Radio</a>, clarified that the resolution is not a political judgment but a response to objective data. He reminded listeners of Petro’s campaign promise of “Total Peace,” contrasting it with the current security climate. “Armed violence is threatening the democratic stability of Colombia, by a man who had promised absolute peace but is achieving the highest rates of crime in the country,” Zoido declared. He added that the tone of speeches from the presidency contributes to social tension, indirectly facilitating the actions of criminal groups.</p>
<p>In response, President Gustavo Petro, during an official event in Timbío, Cauca, dismissed the European resolution as <strong>“</strong>senseless<strong>”</strong> (“una sinrazón”). He countered that the perpetrators behind Senator Uribe Turbay’s assassination were not domestic but rather an international mafia operating from Europe.</p>
<p>“It is not because of Petro&#8217;s speech that Senator Uribe Turbay was killed; he was killed by the mafia according to the evidence, and that mafia lives in Europe and not here in Colombia,” the president affirmed.</p>
<p>In a later, more extensive speech in Popayán, Petro directed a message to Europe, invoking historical grievances of colonialism and slavery and accusing the parliamentarians of hypocrisy. He asked the assembled crowd: “What does this town say to Europe? Is it the president who is denying democracy to Colombians, to Latin America, and to the world? What do the indigenous people of America say? Is President Petro anti-democratic?” He continued, “The anti-democrats are those who applaud those who drop bombs on babies… I ask the children and the youth of Europe, all of you, to rise.”</p>
<p>Despite the president&#8217;s rebuttal, the MEPs have stated their intention to continue monitoring the situation in Colombia closely, particularly as the 2026 election cycle approaches. Tertsch mentioned that parliamentary groups such as <a href="https://www.patriotsforeurope.eu/" target="_blank" rel="noopener">Patriots for Europe</a> and the Spanish political party <a href="https://www.voxespana.es/" target="_blank" rel="noopener">Vox</a>, via its <a href="https://foromadrid.org/" target="_blank" rel="noopener">Foro Madrid</a> initiative, will maintain rigorous oversight of the Colombian government.</p>
<p>Zoido rejected Petro&#8217;s characterization of the resolution&#8217;s supporters as far-right, insisting that a majority of the political parties that backed the measure are not. “What we want is for there to be a strong Colombia from a democratic point of view,” he said. “We have enough data to be concerned about the escalation of violence and insecurity in the country.”</p>
<p>The European Parliament&#8217;s resolution also calls for the protection of political candidates, human rights defenders, and members of the security forces, emphasizing that impunity for recent crimes only encourages further attacks.</p>
<p style="text-align: right;">European Parliament. Photo credit: Elekes Andor/Wikipedia.</p>
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