IBOV 177,547.57 ▲ 2.44% IPSA 11,009.22 ▲ 0.50% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,379,771 — 0.00% COLCAP 2,297.00 ▼ 0.19% BVL PERÚ 57,575.02 — — USD/BRL5.06▲ 0.05% USD/MXN17.47▲ 0.44% USD/CLP937.27▲ 0.18% USD/COP3,205▼ 0.68% USD/PEN3.39▼ 0.26% USD/ARS1,482▲ 0.30% USD/UYU40.14▲ 1.07% USD/PYG6,035▲ 1.50% USD/BOB10.95▲ 3.79% USD/DOP57.92▼ 0.14% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.04% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.36% USD/TTD6.71▲ 0.76% EUR/BRL5.76▼ 0.67% BRENT 93.08 ▼ 1.05% WTI 90.74 ▲ 4.50% IRON ORE 161.91 — — COPPER 6.47 ▲ 0.24% GOLD 4,086 ▼ 1.48% SILVER 58.75 ▼ 2.12% SOY 1,244 ▲ 0.87% CORN 488.50 ▲ 5.74% WHEAT 707.75 ▲ 0.28% COFFEE 316.45 ▼ 0.06% SUGAR 14.86 ▲ 0.81% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.64 ▲ 2.22% COCOA 5,344 ▲ 0.30% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.00 ▼ 0.12% PETR4 42.58 ▲ 2.21% VALE3 75.10 ▲ 3.96% ITUB4 42.90 ▲ 0.87% BBDC4 18.97 ▲ 2.26% ABEV3 16.13 ▲ 2.09% BBAS3 21.09 ▲ 1.01% B3SA3 15.90 ▲ 4.81% WEGE3 46.74 ▲ 10.05% PRIO3 59.77 ▲ 2.73% SUZB3 42.66 ▲ 2.47% RENT3 37.14 ▲ 1.61% AZZA3 17.81 ▲ 1.89% CSAN3 3.92 ▲ 3.70% RAIZ4 0.27 — 0.00% PCAR3 2.75 ▲ 0.73% GMAT3 3.91 ▲ 2.09% PSSA3 55.45 ▲ 3.68% CVCB3 1.27 ▲ 13.39% POSI3 3.70 ▲ 0.54% SLCE3 13.96 ▲ 1.53% NATU3 8.68 ▼ 0.34% BRKM5 6.07 ▲ 6.30% RANI3 8.00 ▲ 1.39% CSNA3 5.38 ▲ 6.32% CMIN3 5.84 ▲ 4.66% USIM5 8.65 ▲ 2.25% GGBR4 24.06 ▲ 2.43% ENEV3 25.97 ▲ 2.16% CPFE3 46.71 ▲ 0.67% CMIG4 11.21 ▲ 1.72% EQTL3 39.35 ▲ 1.34% LREN3 13.54 ▲ 2.03% VIVT3 35.38 ▼ 1.17% RAIL3 13.64 ▲ 3.02% KLABIN 17.93 ▲ 1.93% RAIA DROGASIL 18.29 ▲ 0.88% RDOR3 34.49 ▲ 1.68% HAPV3 11.39 ▲ 1.33% FLRY3 16.65 ▲ 0.60% SMTO3 16.05 ▲ 3.02% UGPA3 32.83 ▲ 3.17% VBBR3 34.98 ▲ 3.03% BBSE3 42.58 ▲ 2.48% BPAC11 57.02 ▲ 2.98% CURY3 30.20 ▲ 0.83% AERI3 2.05 ▲ 0.49% VIVARA 21.55 ▲ 0.65% COMPASS 24.81 ▲ 1.51% VAMOS 3.23 ▲ 4.53% SANB11 26.95 ▼ 0.96% ASAI3 8.40 ▲ 1.82% SBSP3 29.29 ▲ 2.41% WALMEX 48.65 ▼ 1.02% GMEXICO 214.34 ▲ 2.57% FEMSA 227.98 ▲ 0.55% CEMEX 22.17 ▲ 0.45% GFNORTE 191.99 ▲ 3.33% BIMBO 60.30 ▲ 1.53% TELEVISA 9.82 ▲ 0.61% AMX 22.70 ▼ 0.26% GAP 378.40 ▼ 0.03% ASUR 273.53 ▼ 0.52% OMA 229.62 ▲ 1.49% KOF 182.55 ▲ 1.15% GRUMA 280.45 ▼ 0.76% KIMBER 38.85 ▲ 1.17% SQM-B 65,055 ▲ 0.80% COPEC 6,550 ▲ 1.55% BSANTANDER 79.85 ▲ 1.06% FALABELLA 6,042 ▲ 2.08% ENELAM 84.53 — 0.00% CENCOSUD 2,010 ▼ 0.89% CMPC 1,070 ▼ 1.28% BANCO CHILE 193.50 ▲ 1.84% LATAM AIR 24.09 ▼ 0.45% YPF 82,500 ▲ 2.33% GGAL 8,275 ▲ 3.89% PAMPA 5,625 ▲ 2.74% TXAR 668.50 ▼ 1.55% ALUAR 974.00 ▲ 0.10% TGS 9,905 ▲ 2.01% CEPU 2,411 ▲ 3.03% MIRGOR 16,925 ▲ 0.89% COME 43.14 ▲ 0.63% LOMA NEGRA 3,823 ▲ 6.03% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,420 ▲ 3.88% ECOPETROL 16.69 ▲ 0.97% BANCOLOMBIA 84.66 ▲ 1.22% GRUPO AVAL 5.04 ▼ 0.98% CREDICORP 393.43 ▲ 0.60% SOUTHERN COPPER 195.48 ▲ 3.97% BUENAVENTURA 32.09 ▲ 2.69% MERCADOLIBRE 1,799 ▼ 1.29% NUBANK 14.51 ▲ 0.83% XP 17.30 ▲ 2.67% PAGSEGURO 9.67 ▲ 0.94% STONE 11.36 ▲ 0.93% GLOBANT 30.67 ▼ 4.45% TECNOGLASS 45.24 ▲ 0.20% GAP AIRPORT 217.70 ▲ 0.01% ASUR 273.53 ▼ 0.52% OMA AIRPORT 105.35 ▲ 1.07% AMX ADR 26.12 ▲ 0.12% FEMSA ADR 130.96 ▲ 0.47% CEMEX ADR 12.74 ▲ 0.32% PETROBRAS ADR 18.89 ▲ 1.89% VALE ADR 14.85 ▲ 4.21% ITAU ADR 8.48 ▲ 0.95% SANTANDER BR 5.45 ▲ 0.74% AMBEV ADR 3.14 ▲ 0.96% CSN 1.09 ▲ 9.00% GERDAU 4.77 ▲ 2.69% LATAM ADR 51.22 ▼ 0.68% BTC 65,550 ▼ 0.83% ETH 1,925 ▼ 0.43% SOL 77.67 ▼ 0.30% XRP 1.13 ▼ 0.79% BNB 569.96 ▼ 0.14% ADA 0.17 ▲ 0.05% DOGE 0.07 ▼ 0.84% AVAX 6.60 ▼ 0.26% LINK 8.63 ▲ 0.08% DOT 0.82 ▼ 1.94% LTC 46.76 ▼ 0.66% BCH 216.51 ▼ 1.57% TRX 0.33 ▼ 0.48% XLM 0.19 ▼ 1.20% HBAR 0.07 — 0.00% NEAR 1.89 ▲ 1.29% ATOM 1.46 ▼ 0.52% AAVE 97.04 ▼ 0.33% SELIC 14.25% EMBRAER 83.79 ▲ 1.38% EMBRAER ADR 66.05 ▲ 0.89% JBS 12.25 ▲ 2.51% JBS BDR 61.80 ▲ 2.62% MBRF3 16.03 ▲ 6.09% MBRFY 3.19 ▲ 8.14% INTER 5.69 ▲ 1.97% EGX 53,932 ▼ 0.11% USD/ZAR16.44▲ 0.31% USD/NGN 1,370 — 0.00% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY163.51▲ 0.22% USD/CNY6.76▼ 0.20% DAX 24,996 ▼ 0.63% CAC 8,343 ▼ 1.13% FTSE 10,699 ▼ 0.17% MIB 51,798 ▼ 1.88% IBEX 19,444 ▼ 0.65% STOXX 642.24 ▼ 0.72% EUR/USD1.14▼ 0.18% GBP/USD1.33▼ 0.24% SPX 7,499 ▼ 0.14% DJI 52,219 ▼ 0.01% NDX 28,998 ▼ 0.54% RUT 2,960 ▼ 0.92% TSX 35,485 ▲ 0.33% VIX 17.72 ▲ 6.49% USD/CAD1.41▼ 0.02% US10Y 4.6570 ▲ 0.63% IBOV 177,547.57 ▲ 2.44% IPSA 11,009.22 ▲ 0.50% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,379,771 — 0.00% COLCAP 2,297.00 ▼ 0.19% BVL PERÚ 57,575.02 — — USD/BRL 5.06 ▲ 0.05% USD/MXN 17.47 ▲ 0.44% USD/CLP 937.27 ▲ 0.18% USD/COP 3,205 ▼ 0.68% USD/PEN 3.39 ▼ 0.26% USD/ARS 1,482 ▼ 0.03% USD/UYU 40.14 ▲ 1.07% USD/PYG 6,035 ▲ 1.38% USD/BOB 10.95 ▲ 2.82% USD/DOP 57.92 ▼ 0.14% USD/CRC 447.42 ▲ 1.36% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.36% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.76 ▼ 0.67% BRENT 93.08 ▼ 1.05% WTI 90.74 ▲ 4.50% IRON ORE 161.91 — — COPPER 6.47 ▲ 0.24% GOLD 4,086 ▼ 1.48% SILVER 58.75 ▼ 2.12% SOY 1,244 ▲ 0.87% CORN 488.50 ▲ 5.74% WHEAT 707.75 ▲ 0.28% COFFEE 316.45 ▼ 0.06% SUGAR 14.86 ▲ 0.81% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.64 ▲ 2.22% COCOA 5,344 ▲ 0.30% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.00 ▼ 0.12% PETR4 42.58 ▲ 2.21% VALE3 75.10 ▲ 3.96% ITUB4 42.90 ▲ 0.87% BBDC4 18.97 ▲ 2.26% ABEV3 16.13 ▲ 2.09% BBAS3 21.09 ▲ 1.01% B3SA3 15.90 ▲ 4.81% WEGE3 46.74 ▲ 10.05% PRIO3 59.77 ▲ 2.73% SUZB3 42.66 ▲ 2.47% RENT3 37.14 ▲ 1.61% AZZA3 17.81 ▲ 1.89% CSAN3 3.92 ▲ 3.70% RAIZ4 0.27 — 0.00% PCAR3 2.75 ▲ 0.73% GMAT3 3.91 ▲ 2.09% PSSA3 55.45 ▲ 3.68% CVCB3 1.27 ▲ 13.39% POSI3 3.70 ▲ 0.54% SLCE3 13.96 ▲ 1.53% NATU3 8.68 ▼ 0.34% BRKM5 6.07 ▲ 6.30% RANI3 8.00 ▲ 1.39% CSNA3 5.38 ▲ 6.32% CMIN3 5.84 ▲ 4.66% USIM5 8.65 ▲ 2.25% GGBR4 24.06 ▲ 2.43% ENEV3 25.97 ▲ 2.16% CPFE3 46.71 ▲ 0.67% CMIG4 11.21 ▲ 1.72% EQTL3 39.35 ▲ 1.34% LREN3 13.54 ▲ 2.03% VIVT3 35.38 ▼ 1.17% RAIL3 13.64 ▲ 3.02% KLABIN 17.93 ▲ 1.93% RAIA DROGASIL 18.29 ▲ 0.88% RDOR3 34.49 ▲ 1.68% HAPV3 11.39 ▲ 1.33% FLRY3 16.65 ▲ 0.60% SMTO3 16.05 ▲ 3.02% UGPA3 32.83 ▲ 3.17% VBBR3 34.98 ▲ 3.03% BBSE3 42.58 ▲ 2.48% BPAC11 57.02 ▲ 2.98% CURY3 30.20 ▲ 0.83% AERI3 2.05 ▲ 0.49% VIVARA 21.55 ▲ 0.65% COMPASS 24.81 ▲ 1.51% VAMOS 3.23 ▲ 4.53% SANB11 26.95 ▼ 0.96% ASAI3 8.40 ▲ 1.82% SBSP3 29.29 ▲ 2.41% WALMEX 48.65 ▼ 1.02% GMEXICO 214.34 ▲ 2.57% FEMSA 227.98 ▲ 0.55% CEMEX 22.17 ▲ 0.45% GFNORTE 191.99 ▲ 3.33% BIMBO 60.30 ▲ 1.53% TELEVISA 9.82 ▲ 0.61% AMX 22.70 ▼ 0.26% GAP 378.40 ▼ 0.03% ASUR 273.53 ▼ 0.52% OMA 229.62 ▲ 1.49% KOF 182.55 ▲ 1.15% GRUMA 280.45 ▼ 0.76% KIMBER 38.85 ▲ 1.17% SQM-B 65,055 ▲ 0.80% COPEC 6,550 ▲ 1.55% BSANTANDER 79.85 ▲ 1.06% FALABELLA 6,042 ▲ 2.08% ENELAM 84.53 — 0.00% CENCOSUD 2,010 ▼ 0.89% CMPC 1,070 ▼ 1.28% BANCO CHILE 193.50 ▲ 1.84% LATAM AIR 24.09 ▼ 0.45% YPF 82,500 ▲ 2.33% GGAL 8,275 ▲ 3.89% PAMPA 5,625 ▲ 2.74% TXAR 668.50 ▼ 1.55% ALUAR 974.00 ▲ 0.10% TGS 9,905 ▲ 2.01% CEPU 2,411 ▲ 3.03% MIRGOR 16,925 ▲ 0.89% COME 43.14 ▲ 0.63% LOMA NEGRA 3,823 ▲ 6.03% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,420 ▲ 3.88% ECOPETROL 16.69 ▲ 0.97% BANCOLOMBIA 84.66 ▲ 1.22% GRUPO AVAL 5.04 ▼ 0.98% CREDICORP 393.43 ▲ 0.60% SOUTHERN COPPER 195.48 ▲ 3.97% BUENAVENTURA 32.09 ▲ 2.69% MERCADOLIBRE 1,799 ▼ 1.29% NUBANK 14.51 ▲ 0.83% XP 17.30 ▲ 2.67% PAGSEGURO 9.67 ▲ 0.94% STONE 11.36 ▲ 0.93% GLOBANT 30.67 ▼ 4.45% TECNOGLASS 45.24 ▲ 0.20% GAP AIRPORT 217.70 ▲ 0.01% ASUR 273.53 ▼ 0.52% OMA AIRPORT 105.35 ▲ 1.07% AMX ADR 26.12 ▲ 0.12% FEMSA ADR 130.96 ▲ 0.47% CEMEX ADR 12.74 ▲ 0.32% PETROBRAS ADR 18.89 ▲ 1.89% VALE ADR 14.85 ▲ 4.21% ITAU ADR 8.48 ▲ 0.95% SANTANDER BR 5.45 ▲ 0.74% AMBEV ADR 3.14 ▲ 0.96% CSN 1.09 ▲ 9.00% GERDAU 4.77 ▲ 2.69% LATAM ADR 51.22 ▼ 0.68% BTC 65,550 ▼ 0.83% ETH 1,925 ▼ 0.43% SOL 77.67 ▼ 0.30% XRP 1.13 ▼ 0.79% BNB 569.96 ▼ 0.14% ADA 0.17 ▲ 0.05% DOGE 0.07 ▼ 0.84% AVAX 6.60 ▼ 0.26% LINK 8.63 ▲ 0.08% DOT 0.82 ▼ 1.94% LTC 46.76 ▼ 0.66% BCH 216.51 ▼ 1.57% TRX 0.33 ▼ 0.48% XLM 0.19 ▼ 1.20% HBAR 0.07 — 0.00% NEAR 1.89 ▲ 1.29% ATOM 1.46 ▼ 0.52% AAVE 97.04 ▼ 0.33% SELIC 14.25% EMBRAER 83.79 ▲ 1.38% EMBRAER ADR 66.05 ▲ 0.89% JBS 12.25 ▲ 2.51% JBS BDR 61.80 ▲ 2.62% MBRF3 16.03 ▲ 6.09% MBRFY 3.19 ▲ 8.14% INTER 5.69 ▲ 1.97% EGX 53,932 ▼ 0.11% USD/ZAR 16.41 ▲ 0.02% USD/NGN 1,370 — 0.00% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY 163.41 ▲ 0.20% USD/CNY 6.7590 ▼ 0.07% DAX 24,996 ▼ 0.63% CAC 8,343 ▼ 1.13% FTSE 10,699 ▼ 0.17% MIB 51,798 ▼ 1.88% IBEX 19,444 ▼ 0.65% STOXX 642.24 ▼ 0.72% EUR/USD 1.1401 ▼ 0.07% GBP/USD 1.3358 ▼ 0.13% SPX 7,499 ▼ 0.14% DJI 52,219 ▼ 0.01% NDX 28,998 ▼ 0.54% RUT 2,960 ▼ 0.92% TSX 35,485 ▲ 0.33% VIX 17.72 ▲ 6.49% USD/CAD 1.4074 ▼ 0.06% US10Y 4.6570 ▲ 0.63%
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Thursday, July 23, 2026

Latin America Colombia

Colombia’s Fajardo Trades Education for Security and Oil in 2026

By · April 22, 2026 · 4 min read

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Key Points

Sergio Fajardo’s third presidential campaign, registered on March 13 with running mate Edna Bonilla, has pushed his signature education platform into the background to contest security with the right and economic inequality with the left.

The centrist former Medellín mayor has called for the reactivation of oil and gas exploration — a direct break with Gustavo Petro’s energy transition — and for a citizens’ income transfer to anchor the social-policy side of the programme.

With first-round voting on May 31, Fajardo polls in the 11.5%–13.4% range alongside right-winger Vicky Dávila and Petro ally Gustavo Bolívar, in a field that also includes Claudia López, Roy Barreras and Abelardo de la Espriella.

Deep Dive → Why Colombia’s 2026 elections could turn deadly

The Fajardo Colombia programme for 2026 is an explicit bet that centrism can win a polarised race by disputing security on the right and economic equality on the left.

The Rio Times, the Latin American financial news outlet, reports that the Fajardo Colombia programme has been substantially rewritten for his third presidential attempt. El País correspondent Lucas Reynoso reported from Bogotá on Wednesday that former Medellín mayor and Antioquia governor Sergio Fajardo has moved his signature education agenda into a secondary role, instead running hard at the two issues that divide Uribe and Petro voters — security and the economy.

The strategic recalibration is unusual for Fajardo, a mathematician who built his previous runs around human-capital investment. It is also a direct response to the polling pattern of the last six months, which shows Colombian voters ranking security as their single most important electoral priority.

The Fajardo Colombia programme on security: disputing the right

Fajardo has announced that from day one of a hypothetical August 7, 2026 inauguration, he would assume the constitutional role of Supreme Commander of the Armed Forces to retake territorial control. The centrepiece is Plan Guardián, unveiled in Barranquilla for presentation on August 14, 2026, whose first component is a dedicated anti-extortion programme.

Colombia’s Centrist Bet: Fajardo Trades Education for Security and Oil in 2026 Programme. (Photo Internet reproduction)
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The logic is data-driven. Invamer polling shows a 92% worsening in the perception of public order under the Petro administration, and Fajardo‘s team identifies extortion as the extortion vector reaching small business, transport operators and daily commerce across Colombian cities. Fajardo’s estimate — widely cited in his campaign materials — is that roughly 50% of national extortion originates from inside prisons.

The programme also proposes ending Petro’s “Paz Total” negotiations with armed groups in their current form. Fajardo argues that dialogues should only happen with clear conditions tied to the dismantling of illicit economies and a measurable reduction in violence — a framing that deliberately overlaps with right-wing candidate Vicky Dávila’s security pitch.

The energy pivot: oil and gas exploration reactivation

The most consequential economic break with Petro is Fajardo’s call to reactivate oil and gas exploration, including offshore Caribbean acreage. He has framed the Petro energy transition as a threat to household and corporate energy costs, and warned that Colombia faces a broader energy crisis unless hydrocarbon production is stabilised.

For investors, this is the most market-relevant line in the Fajardo Colombia programme. Ecopetrol has lost roughly a third of its reserves-to-production coverage under Petro’s exploration freeze, and Caribbean offshore blocks licensed under Duque remain largely undeveloped.

Fajardo has stopped short of endorsing fracking, which remains legally and politically radioactive in Colombia, but his framing positions him closer to Dávila than to Petro on every other major energy lever. Caribbean governors and the Atlantic coast business chambers are already treating him as an acceptable centrist option on the energy file.

The social-policy side: a universal income bet

Against the security-and-energy package sit two social-policy commitments designed to contest the Petro bloc. The first is a citizens’ income transfer — Fajardo has not published a specific peso figure, but the instrument is structured to run alongside the existing Ingreso Solidario programme rather than replace it.

The second is a health-system rescue plan, framed around the idea of “salvar la salud” — saving a Nueva EPS that Fajardo argues has been pushed into administrative chaos under Petro. The plan commits to intervening from day one to prevent further collapse, stabilise EPS cashflows and restore basic coverage before any reform architecture is revisited.

On tax, Fajardo has explicitly refused to raise the value-added tax and has said the corporate rate should come down from the current 35% specifically for employers who generate formal employment. That framing, which mirrors language he used in 2022, is designed to neutralise business-community concerns that a centrist government would default to Petro-style tributary expansion.

The 2026 field and Fajardo’s path to the runoff

Fajardo registered his candidacy on March 13 alongside running mate Edna Bonilla, under the banner of Dignidad y Compromiso. The Consulta de las Soluciones, the centrist primary on March 8 that Fajardo declined to join, was won by Claudia López with Leonardo Huerta as her VP. Roy Barreras emerged as the sole candidate of the Frente por la Vida after winning his own inter-party primary.

The field also includes conservative Abelardo de la Espriella, backed by Salvación Nacional, and Iván Cepeda on the Petro-aligned left. Polling by Guarumo/Ecoanalítica in February had Dávila at 15.1%, Bolívar at 11.9% and Fajardo at 11.5%; a subsequent National Consulting Center survey for Semana had Dávila at 13.6% and Fajardo at 13.4%, with Fajardo leading a hypothetical runoff against Dávila 35.1% to 31.7%.

The May 31 first round is 39 days away. The Fajardo bet is that Colombian voters, once inside the booth, recoil from both the De la Espriella right and the Cepeda–Bolívar left hard enough to reward a candidate who can credibly claim both the security brand of the right and the redistribution language of the left — the same ground he missed by roughly 260,000 votes in the 2018 first round.

Related coverage: Colombia 2026: Cepeda–Valencia debate defines the left flankPetro’s Paz Total collapses after Calarcá peace talks break downColombia economy 2026: the investor guide

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