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Petro assures that CNE is taking steps towards a “coup d’état” by wanting to investigate him

Colombian President Gustavo Petro said on Saturday that the National Electoral Council (CNE) is taking steps towards “a coup d’état” by wanting to investigate him for possible irregularities in the financing of the electoral campaign that led him to the Presidency.

This week an investigation by the CNE became known, revealed by journalist Daniel Coronell on W Radio, which concluded that Petro’s electoral campaign in 2022 violated the spending limits established in the law and resorted to prohibited sources of financing.

“Every step taken against the president in the electoral council builds a coup d’état,” Petro estimated in his X account, who added: “Do they complain about Venezuela? In Colombia, a coup d’état against the president is advancing.”

This is because the CNE is the competent body to investigate parties, campaign managers and candidates, but the president has immunity, so the exclusive competence to investigate Petro criminally and disciplinary right now is the Commission of Inquiry and Prosecution of the House of Representatives, which has one open for this matter.

Therefore, Petro recalled that “the Constitution does not allow a purely administrative and political instance such as the electoral council, to prepare the way to suspend the president from his functions for a top investigation over which he had no more competence than 30 days after the election.”

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However, the CNE alleges that it can investigate both the campaign and the president in the administrative field, as it already did with the campaign of former presidents Iván Duque and Juan Manuel Santos, and with it impose fines or refunds.

The CNE investigation against Petro

The investigation carried out by the CNE, led by the magistrate of the Liberal Party Benjamín Ortiz and the uribista Democratic Center Álvaro Hernán, and which according to the president “has no binding force”, concluded that Petro’s campaign crossed the limits by more than 5.3 billion pesos (1.27 million dollars) and that he also received contributions from legal entities, something explicitly prohibited by the electoral law.

Thus, during the first round it was supposedly exceeded by 3.7 billion pesos (888,650 dollars) and there were seven violations, among which it would have been omitted to report a contribution of 500 million pesos ($120,000) from the main education union, Fecode, and another contribution of the same amount from the Democratic Pole party that is part of the governing coalition.

Among the irregularities is linked to Xavier Vendrell, a Catalan politician investigated for what happened during the Catalan ‘process’ and close to Petro, specifically for not having reported the payment to electoral witnesses during the campaign.

Vendrell, who held the position of councilor of the Republican Left of Catalonia (ERC), worked in Petro’s campaign as head of electoral witnesses and campaign strategist, and indicated that he continued to be linked to Petro’s Government, a fact that the president has denied claiming that there are no current contracts with the former Catalan politician.

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In the second round it overcomes stops

During the second round of elections, the ceilings of 1.6 billion pesos ($382,000) would also have been exceeded and five violations would have been committed.

Among the violations, in addition to the fact that the payments to electoral witnesses managed by Vendrell were not reported, the total cost of renting the Movistar Arena event center in Bogotá, which was used by Petro to celebrate the results of the second round of elections and which cost 250 million pesos (almost 60,000 dollars) and only 150 million ($36,000 dollars) were reported, would not have been reported.

As reported by the W Radio of the CNE investigation, which has not yet been published, there would also be a lack of reports on private flights of the now president during the campaign to attend proselytising events.

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International

Trump to decide soon on deportation exemptions for construction and farm workers

U.S. President Donald Trump stated on Tuesday in Florida that he will make a decision in the coming weeks regarding exemptions from deportations for workers in the construction and agriculture sectors.

Trump made these remarks to the media during a visit to the new migrant detention center, ‘Alligator Alcatraz,’ located in the middle of a wetland in Florida, the White House reported.

ICE (Immigration and Customs Enforcement) raids have targeted many of these workers, sparking fear among them and threatening to slow down two sectors that are vital to the U.S. economy.

In construction, 25.7% of workers are immigrants, and 14.1% of the total workforce nationwide is undocumented, according to the American Immigration Council.

In agriculture, the percentage of undocumented employees rises to 42%, according to data from the Department of Agriculture cited by the New York Times.

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IDB plans $11 billion in sustainable financing to support countries facing currency risks

The Inter-American Development Bank (IDB) aims to unlock at least $11 billion in sustainable financing to help countries address challenges including natural disasters that strain their currencies and hinder private sector investment.

As the United States and other wealthier countries reduce official development assistance, multilateral lenders face pressure to find new ways to tackle issues such as climate change and biodiversity loss. During the Fourth International Conference on Financing for Development, IDB President Ilan Goldfajn stated that the measures adopted by the IDB are expected to inspire more private sector contributions, which is a key priority of the conference.

“We are not just announcing ideas; we are launching what the private sector is asking for: credible tools, scalable platforms, and real opportunities to invest with impact and confidence,” he added.

Support will include a new platform designed to help countries manage the risk of large swings in their national currencies that can deter international investors by making returns harder to predict. Based on a program in Brazil that has already attracted $8 billion from the private sector since its launch last year, the plan is to expand the concept to other regional economies over the next three years and at least double the amount mobilized.

Called FX EDGE, the platform will offer a credit line that activates if a currency drops sharply—a common problem during political or debt crises or after natural disasters—ensuring debtors can continue to service their loans in dollars or other foreign currencies.

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The platform also aims to enable greater use of long-term currency hedging instruments, such as derivatives, through local banks and financial institutions, backed by the IDB’s credit rating.

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International

Maduro’s government appeals to Vatican for help rescuing migrant children

Este lunes, durante su programa semanal ‘Con Maduro +’, el mandatario venezolano anunció que pediría al sumo pontífice su ayuda para rescatar a 18 niños migrantes.

“Yo sé que el papa es un hombre que comprende estos temas. Le pido ayuda a la Iglesia católica, apostólica y romana, al papa León, para que la Iglesia católica de Estados Unidos y la Iglesia católica de El Salvador proteja a los migrantes y nos ayude con sus gestiones para rescatar a estos niños y a estas niñas”, indicó Maduro en el espacio transmitido por VTV.

Más temprano, Rodríguez había pedido al alto comisionado de la ONU para los Derechos Humanos, Volker Türk, y al coordinador residente de la ONU en Venezuela, Gianluca Rampolla, pronunciarse sobre este hecho y exigió a Washington devolver a los pequeños.

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