Colombia’s Finance Minister, Diego Guevara, may resign amid disagreements with President Petro, though the finance ministry claims they have no official information regarding this matter. The Colombian peso fell as market reactions occurred, with potential plans for Guevara’s successor already being speculated.
Colombia’s Finance Minister, Diego Guevara, is reportedly poised to depart his position amid differences with President Gustavo Petro, according to local radio station Caracol. However, the finance ministry officially stated that they possess no current information regarding this matter, pledging to share updates when available.
Diego Guevara, who has been in office for just over three months following his tenure as finance vice minister, is involved in disagreements concerning budget cuts, prompting speculation about his resignation. A source from the presidential palace indicated that Guevara submitted his resignation on Monday night.
Nevertheless, a representative from Petro’s office has not confirmed this development and stated Guevara continues to fulfill his duties. As market reactions ensued, the Colombian peso fell 1.38% to 4,130 per dollar in early transactions. Additionally, reports suggested that German Avila Plazas, head of Grupo Bicentenario, may succeed Guevara.
In summary, while reports indicate that Colombia’s Finance Minister Diego Guevara may resign due to disagreements with President Petro, the finance ministry denies having official information about such a change. Moreover, the Colombian peso has responded negatively in anticipation of potential shifts in financial leadership, with speculation surrounding Guevara’s successor.
Original Source: www.thestar.com.my
