IBOV 171,880.69 ▲ 0.32% IPC MEX 71,811.20 ▼ 0.27% MERVAL 2,848,945 — — USD/BRL5.65▲ 0.15% USD/MXN18.58▼ 0.14% USD/CLP999.70▲ 0.42% USD/COP3,308▲ 0.88% USD/PEN3.40▼ 0.13% USD/ARS1,548▲ 0.15% USD/UYU40.59▲ 2.33% USD/PYG6,196▲ 2.33% USD/BOB11.59▼ 0.37% USD/DOP60.59▲ 1.85% USD/CRC442.74▼ 0.10% USD/GTQ7.64▲ 2.06% USD/HNL26.91▲ 2.15% USD/NIO36.62▲ 1.57% USD/VES909.35▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 1.39% USD/TTD6.75▲ 1.58% EUR/BRL6.25▲ 0.95% BRENT 96.88 ▲ 1.11% WTI 89.42 ▲ 0.77% IRON ORE 161.91 — — COPPER 6.15 ▼ 0.56% GOLD 3,893 ▲ 0.20% SILVER 49.60 ▼ 0.74% SOY 1,232 ▲ 0.41% CORN 446.00 ▲ 0.79% WHEAT 590.75 ▲ 1.11% COFFEE 275.55 ▼ 1.66% SUGAR 18.44 ▲ 1.21% ORANGE JUICE 136.90 ▼ 2.87% COTTON 83.18 ▲ 5.73% COCOA 5,317 ▲ 4.95% BEEF 218.98 — 0.00% CATTLE 335.85 ▲ 0.97% LITHIUM 59.30 ▼ 0.23% PETR4 44.89 ▲ 0.43% VALE3 63.84 ▼ 0.17% ITUB4 41.91 ▲ 0.55% BBDC4 14.29 ▼ 0.21% ABEV3 15.71 ▼ 0.25% BBAS3 15.07 ▼ 2.65% B3SA3 14.61 ▼ 1.02% WEGE3 51.56 ▼ 0.17% PRIO3 63.03 ▼ 0.43% SUZB3 55.71 ▼ 0.59% RENT3 29.97 ▲ 1.32% AZZA3 16.70 ▼ 1.18% CSAN3 3.01 ▲ 5.61% RAIZ4 20.00 ▼ 6.67% PCAR3 2.41 ▲ 0.84% GMAT3 4.14 ▲ 7.81% PSSA3 46.16 ▲ 0.48% CVCB3 0.85 ▲ 1.19% POSI3 3.22 ▼ 4.45% SLCE3 18.48 ▲ 0.65% NATU3 5.18 ▼ 2.81% BRKM5 3.14 ▲ 2.28% RANI3 8.23 ▲ 0.61% CSNA3 4.00 ▼ 5.44% IBOV 171,880.69 ▲ 0.32% IPC MEX 71,811.20 ▼ 0.27% MERVAL 2,848,945 — — USD/BRL 5.66 ▲ 0.24% USD/MXN 18.58 ▼ 0.12% USD/CLP 1,000 ▲ 0.48% USD/COP 3,308 ▲ 0.86% USD/PEN 3.40 ▼ 0.10% USD/ARS 1,548 ▲ 0.15% USD/UYU 40.59 ▲ 2.33% USD/PYG 6,196 ▲ 2.33% USD/BOB 11.59 ▼ 0.37% USD/DOP 60.59 ▲ 1.85% USD/CRC 442.74 ▼ 0.10% USD/GTQ 7.64 ▲ 2.06% USD/HNL 26.91 ▲ 2.15% USD/NIO 36.62 ▲ 1.57% USD/VES 909.35 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 1.39% USD/TTD 6.75 ▲ 1.58% EUR/BRL 6.25 ▲ 0.95% BRENT 96.88 ▲ 1.11% WTI 89.42 ▲ 0.77% IRON ORE 161.91 — — COPPER 6.15 ▼ 0.56% GOLD 3,893 ▲ 0.20% SILVER 49.60 ▼ 0.74% SOY 1,232 ▲ 0.41% CORN 446.00 ▲ 0.79% WHEAT 590.75 ▲ 1.11% COFFEE 275.55 ▼ 1.66% SUGAR 18.44 ▲ 1.21% ORANGE JUICE 136.90 ▼ 2.87% COTTON 83.18 ▲ 5.73% COCOA 5,317 ▲ 4.95% BEEF 218.98 — 0.00% CATTLE 335.85 ▲ 0.97% LITHIUM 59.30 ▼ 0.23% PETR4 44.89 ▲ 0.43% VALE3 63.84 ▼ 0.17% ITUB4 41.91 ▲ 0.55% BBDC4 14.29 ▼ 0.21% ABEV3 15.71 ▼ 0.25% BBAS3 15.07 ▼ 2.65% B3SA3 14.61 ▼ 1.02% WEGE3 51.56 ▼ 0.17% PRIO3 63.03 ▼ 0.43% SUZB3 55.71 ▼ 0.59% RENT3 29.97 ▲ 1.32% AZZA3 16.70 ▼ 1.18% CSAN3 3.01 ▲ 5.61% RAIZ4 20.00 ▼ 6.67% PCAR3 2.41 ▲ 0.84% GMAT3 4.14 ▲ 7.81% PSSA3 46.16 ▲ 0.48% CVCB3 0.85 ▲ 1.19% POSI3 3.22 ▼ 4.45% SLCE3 18.48 ▲ 0.65% NATU3 5.18 ▼ 2.81% BRKM5 3.14 ▲ 2.28% RANI3 8.23 ▲ 0.61% CSNA3 4.00 ▼ 5.44%
since 2009
Friday, November 13, 2026

Gustavo Petro: links with drug traffickers and inefficiency in management

By · · 4 min read

By Sabrina Martín

The President of Colombia, Gustavo Petro, begins his first official visit to Spain this Wednesday, where he will position his ideological agenda.

Petro recently traveled to the United States, meeting with Joe Biden and some congress members.

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Now he travels to the European continent to boost his image as a regional leader of the left and where he can advance lobbying actions in favor of Nicolás Maduro‘s regime and against sanctions.

gustavo petro
Colombian President Gustavo Petro
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Petro will hold a bilateral meeting with the President of the Spanish Government, Pedro Sánchez, and will address the Congress.

After a decimated Gabriel Boric in Chile, an Alberto Fernández without electoral aspirations in Argentina, an Andrés Manuel López Obrador without popularity in Mexico, and a Nicolás Maduro surrounded internationally, Gustavo Petro is emerging as the leader of Ibero-American socialism and perhaps as a new ally of the Popular Party and the PSOE (Spanish Socialist Workers Party).

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FROM TERRORIST TO IMPEACHED MAYOR

Petro became President of Colombia with the populist promise of implementing “profound social changes and a new economic model” for the country.

He is a former guerrilla fighter who has always expressed his intentions of coming to power to the point that he participated in three presidential campaigns.

At the age of 17, Petro joined the M19 terrorist guerrilla.

He called himself “Aureliano” and was imprisoned for over a year.

Between 1970 and 1989, the M19 kidnapped more than 500 people and is attributed with hundreds of crimes, robberies, and murders, and the assault on the Palace of Justice in Bogotá in 1985, one of the most tragic violent episodes in the country’s history.

He was a senator, and in 2011 he became mayor of Bogotá, where he was temporarily removed for a failed garbage collection model with which he tried to attack the management of a private enterprise.

Petro de-privatized garbage collection in the Colombian capital, handing over the waste collection system to the Empresa de Acueducto y Alcantarillado de Bogotá.

The transition process in 2012 led to garbage collection chaos in the city that lasted three days and caused millions in expenses and environmental impact, which was considered a “serious fault” by the then attorney general, Alejandro Ordóñez.

Following his dismissal, Petro went to the Inter-American Court of Human Rights, which ruled in his favor and ordered his reinstatement as mayor of Bogotá.

His legal victory and his return to the mayor’s office allowed him to catapult himself as the main leader of the left in that country.

His administration was so ineffective and deplorable that he ended his term with a 68% disapproval rating.

THE WADS OF CASH SCANDAL

During a November 2018 debate in the Colombian Senate on the Odebrecht scandal, Congresswoman Paloma Valencia presented a video in which then-Senator Petro was seen receiving wads of money and putting them in a bag.

Petro shared on his Twitter account a statement from his lawyer saying that the video was an attempt to “discredit and disqualify his political management” and, although he never explained what it was about, he added that it was taken illegally by a “former colleague.”

He said it was an internal activity to collect resources for the “maintenance and support of the movement”.

FALL OF MINISTERS AND LINKS TO DRUG TRAFFICKING

Not even a year old, Petro has already faced several crises that resulted in the devaluation of the Colombian peso and inflation that skyrocketed to historic figures.

He recently announced the surprising departure of several people who have repeatedly expressed harsh criticism against the President’s health reform, with which he wants to transform the health system.

But this is not the only crisis Petro has had to face in recent weeks.

The Prosecutor General’s Office opened an investigation against Nicolás Petro Burgos, one of the President’s sons, and his brother Juan Fernando Petro, for allegedly using their surnames to collect various commissions from business people and inmates who were promised favors.

He went so far as to promote the legalization of drugs by declaring that he thought it was stupid to keep marijuana underground.

And the former President of Colombia, Andrés Pastrana, referred to Gustavo Petro on several occasions as the “Trojan Horse of drug trafficking”.

With information from LGI

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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