Colombia’s Finance Minister Diego Guevara may leave his position amid disagreements with President Gustavo Petro, but the finance ministry has denied having official information. Guevara, in office for over three months, reportedly resigned over budget cuts. The peso fell 1.38% following the news, and German Avila Plazas is expected to replace him if confirmed.
Colombia’s Finance Minister, Diego Guevara, is reportedly leaving his position due to differences with President Gustavo Petro, according to local radio station Caracol. Despite these reports, the finance ministry stated it currently has no official information regarding Guevara’s resignation but promised to release official updates when available.
Guevara, who has served in the finance minister role for just over three months after being the finance vice minister, is said to have resigned on Monday night after disputes over budget cuts with President Petro. However, a source from the presidential palace indicated that there was no confirmation of Guevara’s departure, suggesting he remains in office.
As the political situation unfolds, the Colombian peso declined by 1.38% in early trading, reaching 4,130 per dollar. Caracol also mentioned that German Avila Plazas, currently associated with Grupo Bicentenario, is positioned to succeed Guevara if the reports are confirmed.
The ongoing situation regarding Colombia’s Finance Minister, Diego Guevara, remains uncertain, with the finance ministry denying official reports of his resignation while sources suggest conflicts with President Petro regarding budget cuts. The financial market has shown a reaction to the potential leadership change, marked by a drop in the peso’s value. Future communications from the finance ministry are anticipated to clarify Guevara’s status.
Original Source: www.thestar.com.my
