IBOV 178,000.24 — 0.00% IPSA 11,049.58 ▲ 0.30% IPC MEX 66,700.17 ▼ 0.35% MERVAL 3,274,443 — 0.00% COLCAP 2,384.67 ▼ 0.31% BVL PERÚ 57,378.30 — — USD/BRL5.09▲ 0.01% USD/MXN17.28▼ 0.34% USD/CLP925.12▼ 0.04% USD/COP3,229▲ 3.05% USD/PEN3.39▼ 0.23% USD/ARS1,494▲ 0.54% USD/UYU40.27▲ 0.17% USD/PYG5,936▲ 0.08% USD/BOB12.07▼ 0.25% USD/DOP58.03▲ 1.54% USD/CRC448.42— 0.00% USD/GTQ7.62▼ 0.08% USD/HNL26.78▲ 0.07% USD/NIO36.62▲ 1.01% USD/VES750.21▲ 0.32% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.19▲ 0.58% USD/TTD6.74▲ 0.40% EUR/BRL5.86▲ 0.13% BRENT 83.86 ▲ 0.11% WTI 79.99 ▼ 0.44% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.01% GOLD 4,115 ▲ 2.00% SILVER 59.21 ▲ 2.68% SOY 1,185 ▲ 1.41% CORN 471.25 ▲ 4.90% WHEAT 649.00 ▼ 0.31% COFFEE 323.90 ▲ 1.38% SUGAR 15.31 ▲ 2.00% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.90 ▲ 0.68% COCOA 5,840 ▼ 1.67% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.41 ▼ 0.57% PETR4 43.05 ▼ 0.85% VALE3 74.64 ▼ 2.15% ITUB4 43.17 ▲ 0.70% BBDC4 18.55 ▲ 0.65% ABEV3 15.77 ▼ 1.38% BBAS3 21.27 ▼ 0.37% B3SA3 15.62 ▼ 0.70% WEGE3 48.20 ▲ 2.12% PRIO3 58.50 ▼ 3.86% SUZB3 43.10 ▼ 0.51% RENT3 38.10 ▲ 1.30% AZZA3 16.23 ▼ 1.16% CSAN3 4.10 ▲ 0.74% RAIZ4 0.26 — 0.00% PCAR3 2.75 ▲ 6.18% GMAT3 3.97 ▼ 1.49% PSSA3 54.00 ▼ 1.28% CVCB3 1.44 ▲ 9.92% POSI3 3.51 ▼ 1.13% SLCE3 13.35 ▼ 0.22% NATU3 8.50 ▲ 1.43% BRKM5 5.96 ▼ 0.17% RANI3 8.42 ▲ 3.82% CSNA3 4.51 ▼ 6.82% CMIN3 5.73 ▲ 0.35% USIM5 7.56 ▲ 2.72% GGBR4 25.63 ▲ 2.60% ENEV3 26.75 ▲ 1.67% CPFE3 46.11 ▼ 0.07% CMIG4 11.28 ▼ 0.53% EQTL3 38.89 ▲ 0.59% LREN3 13.85 ▲ 1.84% VIVT3 32.30 ▼ 1.01% RAIL3 14.16 ▼ 0.84% KLABIN 18.24 ▼ 0.05% RAIA DROGASIL 18.85 ▲ 2.00% RDOR3 34.06 ▼ 1.67% HAPV3 11.91 ▲ 5.59% FLRY3 17.27 ▲ 0.76% SMTO3 14.38 ▼ 0.96% UGPA3 33.10 ▲ 0.15% VBBR3 36.13 ▲ 0.22% BBSE3 41.36 ▲ 0.24% BPAC11 57.12 ▲ 0.56% CURY3 31.45 ▲ 4.52% AERI3 2.15 — 0.00% VIVARA 22.84 ▲ 2.98% COMPASS 25.10 ▲ 1.05% VAMOS 3.26 ▼ 2.40% SANB11 28.93 ▲ 1.08% ASAI3 8.55 ▲ 0.59% SBSP3 27.57 ▼ 0.47% WALMEX 49.94 ▼ 0.62% GMEXICO 211.62 ▲ 1.88% FEMSA 217.81 ▼ 1.64% CEMEX 20.60 ▲ 0.44% GFNORTE 198.18 ▼ 1.20% BIMBO 61.16 ▼ 1.29% TELEVISA 9.67 ▼ 1.43% AMX 21.68 ▼ 1.77% GAP 377.50 ▲ 0.26% ASUR 278.60 ▲ 1.08% OMA 230.90 ▼ 0.19% KOF 185.35 ▼ 1.02% GRUMA 263.20 ▲ 1.92% KIMBER 40.01 ▼ 0.47% SQM-B 61,910 ▼ 1.26% COPEC 6,342 ▼ 0.13% BSANTANDER 80.44 ▼ 0.68% FALABELLA 6,384 ▲ 2.70% ENELAM 87.00 ▼ 1.13% CENCOSUD 1,955 ▲ 0.01% CMPC 1,050 ▼ 0.47% BANCO CHILE 192.48 ▼ 0.64% LATAM AIR 25.25 ▲ 2.06% YPF 8,080 ▼ 2.53% GGAL 7,980 ▲ 1.25% PAMPA 5,505 ▼ 0.90% TXAR 655.00 ▼ 0.68% ALUAR 965.00 ▼ 1.28% TGS 9,875 ▼ 1.74% CEPU 2,378 ▼ 0.75% MIRGOR 1,680 ▼ 89.72% COME 43.23 ▼ 1.82% LOMA NEGRA 3,600 ▼ 0.55% BYMA 293.25 ▼ 0.76% TELECOM ARG 4,380 ▼ 0.62% ECOPETROL 16.60 ▼ 1.01% BANCOLOMBIA 91.07 ▼ 1.57% GRUPO AVAL 5.24 ▼ 0.76% CREDICORP 395.79 ▼ 1.20% SOUTHERN COPPER 185.91 ▲ 1.75% BUENAVENTURA 30.47 ▲ 0.63% MERCADOLIBRE 1,899 ▲ 1.11% NUBANK 14.44 ▲ 0.77% XP 17.03 ▼ 0.18% PAGSEGURO 9.60 ▼ 0.41% STONE 11.35 ▼ 0.22% GLOBANT 37.14 ▲ 1.48% TECNOGLASS 46.76 ▲ 7.64% GAP AIRPORT 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USD/CNY6.74▼ 0.17% DAX 26,160 ▲ 0.61% CAC 8,622 ▲ 0.10% FTSE 10,898 ▲ 0.37% MIB 53,435 ▲ 1.07% IBEX 19,983 — 0.00% STOXX 655.90 ▲ 0.58% EUR/USD1.15▲ 0.11% GBP/USD1.35▼ 0.30% SPX 7,601 ▲ 1.48% DJI 53,178 ▲ 1.32% NDX 28,777 ▲ 1.78% RUT 2,982 ▲ 1.73% TSX 35,226 ▼ 0.79% VIX 15.65 ▼ 1.32% USD/CAD1.40▼ 0.01% US10Y 4.6860 ▼ 1.24% IBOV 178,000.24 — 0.00% IPSA 11,049.58 ▲ 0.30% IPC MEX 66,700.17 ▼ 0.35% MERVAL 3,274,443 — 0.00% COLCAP 2,384.67 ▼ 0.31% BVL PERÚ 57,378.30 — — USD/BRL 5.09 ▼ 0.03% USD/MXN 17.28 ▼ 0.34% USD/CLP 925.12 ▼ 0.04% USD/COP 3,229 ▲ 3.05% USD/PEN 3.39 ▼ 0.23% USD/ARS 1,494 ▲ 0.54% USD/UYU 40.27 ▲ 0.17% USD/PYG 5,936 ▲ 0.08% USD/BOB 12.07 ▼ 0.25% USD/DOP 58.03 ▲ 1.54% USD/CRC 448.42 ▲ 0.00% USD/GTQ 7.62 ▼ 0.08% USD/HNL 26.78 ▲ 0.07% USD/NIO 36.62 ▲ 1.01% USD/VES 750.21 ▲ 0.32% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.19 ▲ 0.58% USD/TTD 6.74 ▲ 1.53% EUR/BRL 5.86 ▲ 0.13% BRENT 83.86 ▲ 0.11% WTI 79.99 ▼ 0.44% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.01% GOLD 4,115 ▲ 2.00% SILVER 59.21 ▲ 2.68% SOY 1,185 ▲ 1.41% CORN 471.25 ▲ 4.90% WHEAT 649.00 ▼ 0.31% COFFEE 323.90 ▲ 1.38% SUGAR 15.31 ▲ 2.00% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.90 ▲ 0.68% COCOA 5,840 ▼ 1.67% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.41 ▼ 0.57% PETR4 43.05 ▼ 0.85% VALE3 74.64 ▼ 2.15% ITUB4 43.17 ▲ 0.70% BBDC4 18.55 ▲ 0.65% ABEV3 15.77 ▼ 1.38% BBAS3 21.27 ▼ 0.37% B3SA3 15.62 ▼ 0.70% WEGE3 48.20 ▲ 2.12% PRIO3 58.50 ▼ 3.86% SUZB3 43.10 ▼ 0.51% RENT3 38.10 ▲ 1.30% AZZA3 16.23 ▼ 1.16% CSAN3 4.10 ▲ 0.74% RAIZ4 0.26 — 0.00% PCAR3 2.75 ▲ 6.18% GMAT3 3.97 ▼ 1.49% PSSA3 54.00 ▼ 1.28% CVCB3 1.44 ▲ 9.92% POSI3 3.51 ▼ 1.13% SLCE3 13.35 ▼ 0.22% NATU3 8.50 ▲ 1.43% BRKM5 5.96 ▼ 0.17% RANI3 8.42 ▲ 3.82% CSNA3 4.51 ▼ 6.82% CMIN3 5.73 ▲ 0.35% USIM5 7.56 ▲ 2.72% GGBR4 25.63 ▲ 2.60% ENEV3 26.75 ▲ 1.67% CPFE3 46.11 ▼ 0.07% CMIG4 11.28 ▼ 0.53% EQTL3 38.89 ▲ 0.59% LREN3 13.85 ▲ 1.84% VIVT3 32.30 ▼ 1.01% RAIL3 14.16 ▼ 0.84% KLABIN 18.24 ▼ 0.05% RAIA DROGASIL 18.85 ▲ 2.00% RDOR3 34.06 ▼ 1.67% HAPV3 11.91 ▲ 5.59% FLRY3 17.27 ▲ 0.76% SMTO3 14.38 ▼ 0.96% UGPA3 33.10 ▲ 0.15% VBBR3 36.13 ▲ 0.22% BBSE3 41.36 ▲ 0.24% BPAC11 57.12 ▲ 0.56% CURY3 31.45 ▲ 4.52% AERI3 2.15 — 0.00% VIVARA 22.84 ▲ 2.98% COMPASS 25.10 ▲ 1.05% VAMOS 3.26 ▼ 2.40% SANB11 28.93 ▲ 1.08% ASAI3 8.55 ▲ 0.59% SBSP3 27.57 ▼ 0.47% WALMEX 49.94 ▼ 0.62% GMEXICO 211.62 ▲ 1.88% FEMSA 217.81 ▼ 1.64% CEMEX 20.60 ▲ 0.44% GFNORTE 198.18 ▼ 1.20% BIMBO 61.16 ▼ 1.29% TELEVISA 9.67 ▼ 1.43% AMX 21.68 ▼ 1.77% GAP 377.50 ▲ 0.26% ASUR 278.60 ▲ 1.08% OMA 230.90 ▼ 0.19% KOF 185.35 ▼ 1.02% GRUMA 263.20 ▲ 1.92% KIMBER 40.01 ▼ 0.47% SQM-B 61,910 ▼ 1.26% COPEC 6,342 ▼ 0.13% BSANTANDER 80.44 ▼ 0.68% FALABELLA 6,384 ▲ 2.70% ENELAM 87.00 ▼ 1.13% CENCOSUD 1,955 ▲ 0.01% CMPC 1,050 ▼ 0.47% BANCO CHILE 192.48 ▼ 0.64% LATAM AIR 25.25 ▲ 2.06% YPF 8,080 ▼ 2.53% GGAL 7,980 ▲ 1.25% PAMPA 5,505 ▼ 0.90% TXAR 655.00 ▼ 0.68% ALUAR 965.00 ▼ 1.28% TGS 9,875 ▼ 1.74% CEPU 2,378 ▼ 0.75% MIRGOR 1,680 ▼ 89.72% COME 43.23 ▼ 1.82% LOMA NEGRA 3,600 ▼ 0.55% BYMA 293.25 ▼ 0.76% TELECOM ARG 4,380 ▼ 0.62% ECOPETROL 16.60 ▼ 1.01% BANCOLOMBIA 91.07 ▼ 1.57% GRUPO AVAL 5.24 ▼ 0.76% CREDICORP 395.79 ▼ 1.20% SOUTHERN COPPER 185.91 ▲ 1.75% BUENAVENTURA 30.47 ▲ 0.63% MERCADOLIBRE 1,899 ▲ 1.11% NUBANK 14.44 ▲ 0.77% XP 17.03 ▼ 0.18% PAGSEGURO 9.60 ▼ 0.41% STONE 11.35 ▼ 0.22% GLOBANT 37.14 ▲ 1.48% TECNOGLASS 46.76 ▲ 7.64% GAP AIRPORT 218.14 ▲ 0.36% ASUR 278.60 ▲ 1.08% OMA AIRPORT 106.73 ▼ 0.16% AMX ADR 24.96 ▼ 1.54% FEMSA ADR 125.75 ▼ 1.75% CEMEX ADR 11.84 ▲ 0.17% PETROBRAS ADR 19.06 ▼ 1.75% VALE ADR 14.58 ▼ 3.19% ITAU ADR 8.49 ▲ 0.35% SANTANDER BR 5.74 ▲ 1.23% AMBEV ADR 3.05 ▼ 1.93% CSN 0.93 ▼ 5.65% GERDAU 5.06 ▲ 2.02% LATAM ADR 54.53 ▲ 3.35% BTC 63,695 ▲ 0.37% ETH 1,866 ▲ 0.44% SOL 73.64 ▲ 0.23% XRP 1.07 ▼ 0.11% BNB 589.34 ▲ 0.09% ADA 0.19 ▲ 0.47% DOGE 0.07 ▲ 0.15% AVAX 6.80 ▲ 3.57% LINK 8.18 ▲ 0.05% DOT 0.83 ▲ 1.03% LTC 44.34 ▲ 0.21% BCH 213.65 ▲ 0.25% TRX 0.33 ▲ 0.08% XLM 0.17 ▼ 0.66% HBAR 0.07 ▲ 0.64% NEAR 1.74 ▲ 0.24% ATOM 1.38 ▲ 1.50% AAVE 91.82 ▼ 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Tuesday, August 4, 2026

Colombia Colombia Election Watch

Colombia Swears in Abelardo De La Espriella as President

By · August 4, 2026 · 8 min read

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Politics: Colombia

Key Facts

Inauguration date. Abelardo de la Espriella takes the presidential oath on Friday, August 7, 2026 — the date Colombia’s Constitution fixes for inaugurations, coinciding with the anniversary of the 1819 Battle of Boyacá that sealed independence from Spain (El País).

The office. He is sworn in as President of Colombia for the 2026-2030 term, succeeding Gustavo Petro, with José Manuel Restrepo taking office as vice president (DW).

Party/backers. He ran through his own movement, Defensores de la Patria, with support from the far-right Movimiento de Salvación Nacional; the Conservative Party has since declared itself a “government bench” (Semana).

Background. A 48-year-old criminal defense lawyer and businessman from Montería who had never held public office, known for high-profile cases and for once advising jailed financier Álex Saab (El Colombiano).

The result. He beat leftist Iván Cepeda in the June 21 runoff by a razor-thin 49.66%-48.70%, the tightest presidential margin in Colombian history (DW).

Colombia swears in its most divisive president in recent memory on Friday, as far-right lawyer Abelardo de la Espriella takes office in Cali rather than Bogotá, breaking decades of inaugural tradition amid an opposition boycott.

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The swearing-in ceremony

Abelardo de la Espriella is set to be sworn in as president of Colombia on Friday, August 7, 2026, the date fixed by the Colombian Constitution for the transfer of presidential power and, not coincidentally, the anniversary of the Battle of Boyacá — the 1819 battle that sealed the country’s independence from Spain (El País). The oath will formally end the four-year term of outgoing leftist president Gustavo Petro, whose mandate began on the same date in 2022, and will simultaneously install José Manuel Restrepo, a former minister and academic, as vice president.

In an unprecedented break with protocol, the ceremony will not take place at its traditional site — the National Capitol in Bogotá’s Plaza de Bolívar — but roughly 460 kilometers southwest, in Cali, capital of Valle del Cauca. Colombia’s House of Representatives voted 117-7 on July 28 and the Senate followed 58-30 on July 29 to relocate the congressional session authorizing the inauguration, after de la Espriella asked lawmakers to move the event to the Arena USC auditorium at Universidad Santiago de Cali (El Colombiano).

The relocation followed weeks of institutional friction: de la Espriella had originally campaigned on taking his oath inside a military garrison in Popayán, department of Cauca, to honor the armed forces, but outgoing president Petro formally barred the military and police from lending any facility for the event. De la Espriella dropped the garrison plan on July 28, asking Congress instead for the civilian Cali venue while keeping a post-ceremony visit to the Marco Fidel Suárez air base (El País). According to the published schedule, the oath is set for around 10:00 a.m., followed by a troop-recognition ceremony at 2:00 p.m. at the Cantón Militar Pichincha, and a first security council the next morning at the Third Brigade in Cali (Infobae).

Who is De la Espriella

Abelardo Gabriel de la Espriella Otero, 48, was born in Bogotá but built his identity around the Caribbean city of Montería, where his family moved when he was two. He studied law at Universidad Sergio Arboleda and later specialized in criminal and administrative law, founding his own firm, De la Espriella Lawyers Enterprise, in 2002 (El Colombiano). Before entering politics, he had never held any elected or appointed public office, a fact he repeatedly emphasized on the campaign trail as evidence of his outsider credentials.

His legal career made him a fixture of Colombian media long before his presidential run. He represented victims in landmark gender-violence cases, including Rosa Elvira Cely and acid-attack survivor Natalia Ponce de León, and counted celebrities among his clients. He also served as legal adviser to businessman Álex Saab between 2013 and 2019, a period highlighted repeatedly by his political opponents; Saab was later convicted in the United States on money-laundering charges tied to Venezuela’s government (Tropicana Colombia).

He launched his movement, Defensores de la Patria, in 2024 and ran for president through a citizens’ petition group under the same name, backed by the hard-right Movimiento de Salvación Nacional. Known by the nickname “El Tigre,” he is described by outlets including the BBC and El País as a far-right politician who has drawn comparisons to Argentina’s Javier Milei, El Salvador’s Nayib Bukele and U.S. President Donald Trump, campaigning on an “iron-fist” approach to security (BBC Mundo).

Political context: Petro’s exit and a fractured Congress

De la Espriella’s inauguration closes out the term of Gustavo Petro, Colombia’s first leftist president, whose government leaves office after four years marked by social reforms and, in its final weeks, open disputes over the election result. Petro contested de la Espriella’s victory without presenting evidence of fraud, claimed that Iván Cepeda was the legitimate winner, and accused Washington of having helped elect his successor (Los Angeles Times en Español).

Petro delivered his last major public address on July 20 — Colombia’s Independence Day — telling a crowd in Bogotá’s Ciudad Bolívar district that his farewell was “transitoria” (temporary) and that he had accepted an offer to become political leader of his Pacto Histórico coalition once he leaves the Casa de Nariño (Infobae/EFE). He also formally barred the armed forces from providing any venue for de la Espriella’s swearing-in, setting up the standoff that ultimately sent the ceremony to Cali.

In Congress, the vote to relocate the inauguration exposed a new legislative map: the center-right Centro Democrático, Cambio Radical, the traditional Liberal, Conservative and De la U parties, and Salvación Nacional backed the move, while only Pacto Histórico, Alianza Verde and independent senator Jennifer Pedraza voted against it (El País). The Conservative Party has since declared itself a formal “government bench” for the 2026-2030 term, giving de la Espriella an initial working majority (Semana).

What his platform and role will be

De la Espriella has built his platform around a hardline security posture, framing his early cabinet choices and public appearances around law enforcement and the military. His defense minister is retired Maj. Gen. Jorge Eduardo Mora López, a 36-year army veteran and former head of military intelligence, while his interior minister, former congressman Rodrigo Lara Restrepo, has been billed as an “anti-corruption czar” (Infobae).

By early August, de la Espriella had named 15 of Colombia’s 18 cabinet ministers, including economist Miguel Gómez Martínez at Finance, former attorney general Viviane Morales at Education, and criminal lawyer Iván Cancino at Justice, with the Health, Labor and Science ministries still pending and expected to go to women under Colombia’s gender-parity law (Caracol Radio). His government has already said it will not maintain embassies in Cuba or Nicaragua.

Days before taking office, Colombia’s National Electoral Council granted legal recognition to his Defensores de la Patria party on August 3, 2026, letting it access public financing and back candidates in regional elections set for October 2027 — a step that gives his movement institutional footing beyond his own presidency (El Colombiano).

Reactions from allies and opposition

The Pacto Histórico, Petro’s leftist coalition, has said none of its lawmakers will attend the inauguration. Representative Alfredo Mondragón called de la Espriella an illegitimate president-elect, describing him as “a U.S. citizen who has prioritized North American interests over Colombian ones,” and announced peaceful demonstrations in Cali, Barranquilla and other cities on the day of the ceremony (El País).

Runner-up Iván Cepeda has gone further, repeatedly demanding de la Espriella renounce his U.S. citizenship as a condition for being recognized as “fully legitimate,” arguing that his American naturalization oath creates a conflict of loyalty, and vowing to lead “peaceful civil disobedience” from his Senate seat (Pulzo). Constitutional scholars cited by Vanguardia have said the argument carries little legal weight, since Colombia’s Constitution does not bar dual nationals — including Petro himself, who holds Italian citizenship — from the presidency (Vanguardia).

On the other side, allied Conservative Party leader Efraín Cepeda accused Petro of acting “mezquino e irresponsable” (petty and irresponsible) by blocking military venues for the ceremony, given the security threats de la Espriella faced during the campaign (Caracol Radio). For his part, de la Espriella has dismissed talk of civil disobedience against him, telling supporters in his final address before taking office that such moves amount to an attempt to “destabilize” the country and warning any violence would be met “con toda la fuerza del Estado” (with the full force of the state) (Infobae).

Frequently Asked Questions

Is Abelardo de la Espriella becoming a minister or the president of Colombia?

He is being sworn in as President of Colombia for the 2026-2030 term, not as a cabinet minister. He won the June 21, 2026, runoff election and takes office on August 7, succeeding Gustavo Petro, with José Manuel Restrepo as vice president (DW).

Why is the ceremony in Cali instead of Bogotá?

De la Espriella originally wanted to be sworn in at a military garrison, breaking with the tradition of holding the ceremony in Bogotá’s Plaza de Bolívar. After outgoing president Petro blocked the use of military facilities, Congress approved moving the session to the Arena USC auditorium in Cali instead, a civilian venue in Valle del Cauca (El Colombiano).

How close was the election that brought him to power?

Extremely close. De la Espriella defeated Iván Cepeda in the June 21 runoff by 49.66% to 48.70%, a margin of under one percentage point and the tightest presidential race in Colombian history, a result the National Electoral Council certified on June 24 (DW).

Sources

El País, DW, Infobae Colombia, Semana, El Colombiano, BBC Mundo.

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Sources: El País, DW, Infobae Colombia, Semana, El Colombiano, BBC Mundo.

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