Petro
Coverage of Petro in the Nexus archive.
- Colombia’s Banks Made $4bn in 2025. Then Petro Taxed Them
Colombia's thirty banks earned $4.07 billion in 2025, a 71.08% increase from 2024, while all credit establishments combined made $5.07 billion, up 103% from the previous year. President Petro later taxed the banks.
- Colombia’s Power Handover Turns Toxic a Month Before the New President Takes Over
President-elect De la Espriella has frozen the official handover with the outgoing government, accusing them of corruption. President Petro disputes De la Espriella's election, leading to a legal battle a month before the new president's August 7 inauguration.
- Colombia’s Next Finance Minister Signals a Sharp Turn Toward Markets
Colombia's next finance minister, Miguel Gomez, faces the worst fiscal situation in a generation and plans to shift policy toward market-oriented approaches, breaking from President Petro's stance.
- The $3.6 Billion Deal Petro Killed Now Haunts Ecopetrol
Ecopetrol lost billions in potential value after Petro blocked a 2024 Permian deal. Colombia's incoming government is now reconsidering the decision.
- Washington Warns: A Foreigner’s Guide to Colombia’s Sunday Vote
The US Embassy advised Americans to avoid non-essential travel in Colombia around the June 21 vote due to border closures, a national dry law, and heightened security. Colombia’s president criticized the warning as unnecessary, while voting procedures and security measures were highlighted.
- Colombia’s Petro sows doubt on election showing his favored successor heading to runoff against pro-Trump rival
Colombia's Petro casts doubt on an election where his preferred successor is advancing to a runoff against a pro-Trump opponent. Poll workers in Sabaneta are counting ballots for the presidential election.
- Colombia election heads to run-off between pro- and anti-Israel contenders
Colombia's election will proceed to a run-off between pro- and anti-Israel candidates. Tough-on-crime candidate De La Espriella leads but did not secure the 50% needed to avoid a run-off, while outgoing president Petro disputes the results, alleging manipulation.
- Petro’s leftwing project faces split opposition in Colombia presidential vote
Petro’s leftwing project faces split opposition in Colombia’s presidential vote as a Trump-loving populist and establishment rightwinger aim to end the nation’s progressive experiment.
- Colombians head to the polls, with 2 pro-Israel candidates challenging anti-Israel leftist
Colombians are voting in an election where two pro-Israel candidates, De La Espriella and Valencia, are challenging leftist Cepeda, who supports continuing the incumbent Petro's policy of cutting ties with Israel. The candidates' positions on Israel relations are a key focus of the race.