International

Petro’s cabinet reshuffle seeks to “put together a coalition” to pass his reforms

Photo: Reuters

April 28 |

The changes in part of the cabinet of the president of Colombia, Gustavo Petro, imply not only the breaking of relations with some political parties that were part of his coalition and working with more “loyal” and closer people, but also that he seeks to open spaces to move forward his government projects, according to analysts consulted by Voice of America.

“Petro is a person who has not changed since we have known him in Colombian politics, I have the impression that he can close with his people, put together a coalition to try to pass his reforms and look for the street to vote him some things as it has already happened in Colombia”, explained the political analyst and columnist of the newspaper El Espectador, Pedro Viveros.

For Theodore Kahn, associate director of Control Risks, the changes offer a more united cabinet with an ideology closer to that of the president. “There is probably going to be an effort to really put forward some reforms and some public policy objectives more aligned with what Petro had put forward in the campaign and some of the banners that he has carried for several years,” Viveros said.

In this sense, Kahn adds, he will have less inconvenience when it comes to “moderating his proposals” and “accepting points of view internally” and, in this way, “achieving the more radical objectives in some areas that he wants to implement”.

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The most sensitive changes within Petro’s cabinet are in the Treasury, Health and Agriculture portfolios.

The first one, due to the stability in the markets and the national and international recognition that the outgoing minister, José Antonio Ocampo, represented, not only for being known as one of the most respected economists in the country, but also because he managed to push forward the most ambitious tax reform in the history of Colombia.

Despite his good relationship with the Colombian president, he is not as close as his successor, economist Ricardo Bonilla, current director of the Financiera de Desarrollo Territorial (Findeter), former Secretary of Finance in Bogota, during Petro’s administration, and his advisor on different issues, such as pensions.

Another sensitive issue is the health reform, proposed by the outgoing minister, Carolina Corcho, whom many legislators and political leaders have described as intransigent, which presented inconveniences at the time of advancing this proposal in Congress.

“We are in the process of this very complicated reform… Petro is going to want with this change in health to exercise more control over the administrative process of this project. He does not want to lose control of this process”, said Corcho.

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His successor, surgeon Guillermo Alfonso Jaramillo, has more experience in the political arena. He was Secretary of Health of the Mayor’s Office of Bogota and District Secretary between 2013 and 2014. He has also been senator and representative to the chamber, which opens channels in these sectors.

The departure of Agriculture Minister Cecilia López, according to Kahn, is also “interesting”, since “she was a person with a lot of credibility, very technical and was handling a Petro’s flagship proposal that was approved”.

However, her public criticism of the energy transition project in the country and the health reform proposed by Corcho would earn her departure.

This portfolio will be led by lawyer Jhénifer Mojica Flórez, the current director of Ethnic Affairs of the Land Restitution Unit. She was deputy director of the Colombian Commission of Jurists (CCJ) and has been part of several processes with the Association of Arhuaca Authorities of the Sierra Nevada and the Commission for the Clarification of the Truth.

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International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.