Colombia’s Finance Minister, Diego Guevara, may resign amid disagreements with President Petro. The finance ministry has no official information confirming this. The Colombian peso has declined following these reports.
The Colombian Finance Minister, Diego Guevara, is reportedly poised to leave his position due to conflicts with President Gustavo Petro, according to local radio station Caracol. However, the finance ministry has stated that it currently lacks official information regarding Guevara’s resignation and will communicate updates as they become available.
Diego Guevara has served as finance minister for just over three months, following his tenure as finance vice minister. Sources from the presidential palace indicated that disagreements regarding budget cuts led to Guevara’s resignation on Monday evening.
Despite these reports, a representative from President Petro’s office clarified that there has been no formal confirmation of Guevara’s departure, asserting that he remains in office. Following news of the potential change, the Colombian peso experienced a decline, dropping 1.38% to 4,130 per dollar. Furthermore, it has been reported that Grupo Bicentenario head German Avila Plazas is expected to succeed Guevara.
In summary, while reports suggest that Colombian Finance Minister Diego Guevara is set to resign due to disagreements with President Gustavo Petro, the finance ministry has yet to confirm this information. Guevara’s tenure has been brief, and the economic ramifications of this potential change have already impacted the currency. His successor is anticipated to be German Avila Plazas, though official announcements are pending.
Original Source: www.thestar.com.my
