Colombia’s Finance Minister Diego Guevara may resign due to disagreements with President Petro; however, the Finance Ministry has no official confirmation. Guevara’s departure could impact financial markets, as indicated by the peso’s decline. German Avila Plazas is rumored to be his successor.
Colombia’s Finance Minister, Diego Guevara, is reportedly on the verge of leaving his position due to disagreements with President Gustavo Petro, as indicated by Caracol, a local radio station. However, the Finance Ministry has stated that it possesses no official information regarding this matter and will disseminate any updates as they arise.
Guevara, who has been in his office for just over three months after serving as finance vice minister, is said to have resigned following a Monday night dispute with President Petro regarding budget cuts. Despite these claims, a source from the presidential palace stated that confirmation of Guevara’s resignation remains unverified, and he continues to fulfill his responsibilities.
In light of these developments, the Colombian peso experienced a decrease of 1.38% during early trading, falling to 4,130 per dollar. Reports from Caracol indicate that Grupo Bicentenario’s head, German Avila Plazas, is poised to succeed Guevara should the reported resignation be confirmed.
In summary, Finance Minister Diego Guevara faces potential departure from his role amidst disagreements with President Gustavo Petro, though the Finance Ministry has denied having any official information on the matter. The peso’s decline in early trading reflects market concerns, while potential successor German Avila Plazas awaits confirmation of these reports.
Original Source: www.thestar.com.my
