Colombia Finance Minister Diego Guevara May Resign Amid Disagreements

Colombia’s Finance Minister Diego Guevara may resign due to disagreements with President Petro, though the finance ministry confirms no official information. The Colombian peso has fallen in value amidst the uncertainty, and reports suggest German Avila Plazas may replace Guevara.

Colombia’s Finance Minister, Diego Guevara, is reportedly poised to step down following significant disagreements with President Gustavo Petro, according to local radio station Caracol. However, the finance ministry has stated that it possesses no official information regarding this situation and will communicate any official news as it arises.

Guevara has held the finance minister position for a little over three months, having previously served as finance vice minister. Sources from the presidential palace have indicated that President Petro and Guevara disagreed over budget cuts, leading to Guevara’s resignation late on Monday night. Nevertheless, Petro’s office has not confirmed Guevara’s departure and mentioned that he remains in his role.

As a result of these developments, the Colombian peso experienced a decline of 1.38% in early trades, falling to 4,130 pesos per dollar. Caracol also reported that if Guevara were to leave, he would be succeeded by German Avila Plazas, head of Grupo Bicentenario.

In summary, Colombia’s Finance Minister Diego Guevara may resign amid disputes with President Gustavo Petro over budgetary matters, although the finance ministry has not confirmed this information. Guevara’s tenure has been brief, and the Colombian peso has reacted negatively to the uncertainty surrounding his position. Potential successor German Avila Plazas has been mentioned but remains unconfirmed.

Original Source: www.thestar.com.my