IBOV 173,768.17 ▼ 0.03% IPSA 10,913.99 ▼ 0.31% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,187,056 ▲ 0.06% COLCAP 2,287.57 ▲ 0.11% BVL PERÚ 57,220.16 — — USD/BRL5.11▲ 0.15% USD/MXN17.53▲ 0.60% USD/CLP933.17▲ 0.88% USD/COP3,257▲ 0.81% USD/PEN3.39▲ 0.24% USD/ARS1,478▲ 0.17% USD/UYU40.23▲ 1.74% USD/PYG6,032▲ 1.81% USD/BOB10.65▲ 4.37% USD/DOP58.24▲ 1.37% USD/CRC446.12▲ 1.44% USD/GTQ7.62▲ 2.73% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.62▲ 0.89% USD/TTD6.74▲ 1.70% EUR/BRL5.84▲ 0.16% BRENT 87.73 ▲ 4.16% WTI 81.37 ▲ 3.07% IRON ORE 161.91 — — COPPER 6.26 ▼ 0.62% GOLD 4,010 ▲ 0.62% SILVER 56.22 ▲ 0.57% SOY 1,203 ▲ 0.63% CORN 468.25 ▲ 6.06% WHEAT 684.75 ▲ 1.48% COFFEE 321.10 ▼ 0.06% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 139.35 ▲ 4.15% COTTON 78.93 ▲ 1.60% COCOA 5,610 ▲ 7.55% BEEF 220.63 ▼ 2.84% CATTLE 339.08 ▼ 2.17% LITHIUM 68.25 ▼ 0.89% PETR4 40.83 ▲ 2.36% VALE3 72.68 ▼ 0.41% ITUB4 41.91 ▼ 1.50% BBDC4 18.23 ▼ 0.98% ABEV3 15.54 ▼ 0.38% BBAS3 20.33 ▼ 2.07% B3SA3 15.21 ▼ 1.17% WEGE3 43.49 — 0.00% PRIO3 57.61 ▲ 1.44% SUZB3 41.89 ▲ 0.46% RENT3 37.96 ▼ 2.32% AZZA3 18.41 ▼ 0.65% CSAN3 3.85 ▼ 0.77% RAIZ4 0.28 ▼ 3.45% PCAR3 2.56 ▼ 1.16% GMAT3 3.91 ▼ 0.26% PSSA3 54.97 ▼ 0.45% CVCB3 1.25 ▼ 7.41% POSI3 3.77 ▼ 2.84% SLCE3 13.50 ▼ 0.81% NATU3 8.55 ▼ 0.12% BRKM5 6.23 ▲ 2.13% RANI3 7.95 ▼ 1.61% CSNA3 5.03 ▼ 1.37% CMIN3 5.34 ▼ 2.02% USIM5 8.23 ▲ 4.18% GGBR4 24.03 ▲ 0.50% ENEV3 25.73 ▼ 0.85% CPFE3 46.97 ▼ 0.47% CMIG4 11.18 ▲ 0.81% EQTL3 39.47 ▼ 0.95% LREN3 13.26 ▼ 2.86% VIVT3 35.63 ▲ 0.45% RAIL3 13.68 ▼ 1.79% KLABIN 17.52 ▲ 0.92% RAIA DROGASIL 18.41 ▼ 0.59% RDOR3 35.66 ▼ 0.59% HAPV3 11.43 ▲ 4.38% FLRY3 16.60 ▲ 1.10% SMTO3 15.46 ▼ 1.65% UGPA3 32.04 ▲ 0.16% VBBR3 34.89 ▲ 1.51% BBSE3 40.85 ▼ 0.80% BPAC11 56.24 ▼ 0.62% CURY3 30.72 ▼ 1.82% AERI3 2.03 ▲ 0.50% VIVARA 22.53 ▼ 3.51% COMPASS 24.84 ▼ 0.28% VAMOS 3.18 ▲ 0.63% SANB11 26.66 ▼ 0.63% ASAI3 8.39 ▼ 1.99% SBSP3 29.28 ▼ 0.07% WALMEX 49.63 ▲ 0.14% GMEXICO 199.94 ▲ 0.35% FEMSA 224.57 ▼ 0.22% CEMEX 22.69 ▼ 0.40% GFNORTE 180.40 ▲ 0.01% BIMBO 58.00 ▲ 0.14% TELEVISA 9.62 ▲ 1.16% AMX 23.16 ▲ 1.67% GAP 386.65 ▼ 1.30% ASUR 279.18 ▼ 0.63% OMA 229.53 ▼ 1.53% KOF 180.33 ▲ 0.77% GRUMA 286.05 ▼ 0.11% KIMBER 38.61 ▼ 0.44% SQM-B 65,100 ▼ 1.44% COPEC 6,227 ▲ 1.65% BSANTANDER 77.31 ▼ 1.09% FALABELLA 5,885 ▲ 0.55% ENELAM 84.67 ▼ 0.15% CENCOSUD 2,000 ▼ 0.26% CMPC 1,079 ▲ 0.47% BANCO CHILE 188.24 ▼ 0.34% LATAM AIR 24.74 ▼ 2.60% YPF 77,575 ▲ 1.97% GGAL 7,800 ▼ 0.83% PAMPA 5,165 ▲ 1.08% TXAR 662.00 — 0.00% ALUAR 948.50 ▲ 0.90% TGS 9,345 ▼ 0.43% CEPU 2,256 ▼ 0.18% MIRGOR 16,800 ▲ 0.30% COME 43.83 ▼ 1.42% LOMA NEGRA 3,508 ▼ 1.41% BYMA 298.00 ▼ 1.16% TELECOM ARG 4,130 ▼ 1.20% ECOPETROL 15.99 ▲ 1.20% BANCOLOMBIA 80.12 ▲ 0.82% GRUPO AVAL 4.94 ▼ 0.60% CREDICORP 391.28 ▲ 0.99% SOUTHERN COPPER 172.36 ▼ 1.88% BUENAVENTURA 30.07 ▼ 0.33% MERCADOLIBRE 1,819 ▼ 2.08% NUBANK 13.62 ▼ 1.27% XP 16.71 ▲ 0.15% PAGSEGURO 9.07 ▼ 0.93% STONE 11.10 ▼ 0.94% GLOBANT 32.29 ▲ 0.28% TECNOGLASS 45.51 ▼ 2.82% GAP AIRPORT 220.51 ▼ 2.12% ASUR 279.18 ▼ 0.63% OMA AIRPORT 104.85 ▼ 2.20% AMX ADR 26.38 ▲ 0.92% FEMSA ADR 128.14 ▼ 1.04% CEMEX ADR 12.94 ▼ 1.26% PETROBRAS ADR 17.90 ▲ 2.43% VALE ADR 14.18 ▼ 0.28% ITAU ADR 8.20 ▼ 1.27% SANTANDER BR 5.23 ▼ 1.13% AMBEV ADR 3.02 ▼ 0.98% CSN 0.99 ▼ 0.86% GERDAU 4.72 — 0.00% LATAM ADR 52.73 ▼ 0.86% BTC 63,981 ▲ 0.30% ETH 1,836 ▼ 1.45% SOL 74.88 ▼ 0.52% XRP 1.09 ▼ 0.05% BNB 565.70 ▼ 1.13% ADA 0.17 ▲ 2.69% DOGE 0.07 ▲ 0.11% AVAX 6.56 ▲ 0.82% LINK 8.20 ▼ 1.54% DOT 0.85 ▼ 0.67% LTC 44.86 ▼ 0.18% BCH 219.40 ▼ 1.00% TRX 0.32 ▼ 0.13% XLM 0.19 ▲ 0.51% HBAR 0.07 ▼ 0.96% NEAR 1.91 ▼ 2.73% ATOM 1.51 ▲ 0.16% AAVE 90.20 ▼ 1.02% SELIC 14.25% EMBRAER 81.89 ▲ 0.15% EMBRAER ADR 64.06 ▼ 0.48% JBS 11.79 ▼ 2.04% JBS BDR 60.14 ▼ 2.21% MBRF3 14.97 ▼ 2.09% MBRFY 2.89 ▼ 1.37% INTER 5.37 ▼ 3.16% EGX 52,928 ▲ 0.70% USD/ZAR16.53▲ 0.64% USD/NGN1,378▼ 0.20% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY162.46▲ 0.04% USD/CNY6.78▲ 0.03% DAX 24,831 ▼ 0.34% CAC 8,339 ▼ 0.47% FTSE 10,600 ▲ 0.27% MIB 51,882 ▼ 0.94% IBEX 19,217 ▼ 0.45% STOXX 641.53 ▼ 0.34% EUR/USD1.14▼ 0.03% GBP/USD1.35▼ 0.65% SPX 7,458 ▼ 1.00% DJI 52,150 ▼ 0.77% NDX 28,632 ▼ 1.36% RUT 2,953 ▼ 0.73% TSX 35,162 ▼ 0.50% VIX 18.80 ▲ 12.37% USD/CAD1.40▼ 0.19% US10Y 4.5410 ▼ 0.61% IBOV 173,768.17 ▼ 0.03% IPSA 10,913.99 ▼ 0.31% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,187,056 ▲ 0.06% COLCAP 2,287.57 ▲ 0.11% BVL PERÚ 57,220.16 — — USD/BRL 5.11 ▲ 0.15% USD/MXN 17.53 ▲ 0.60% USD/CLP 933.17 ▲ 0.88% USD/COP 3,257 ▲ 0.81% USD/PEN 3.39 ▲ 0.24% USD/ARS 1,478 ▲ 0.17% USD/UYU 40.23 ▲ 1.74% USD/PYG 6,032 ▲ 1.81% USD/BOB 10.65 ▲ 4.37% USD/DOP 58.24 ▲ 1.37% USD/CRC 446.12 ▲ 1.44% USD/GTQ 7.62 ▲ 2.73% USD/HNL 26.73 ▲ 1.94% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.87% USD/TTD 6.74 ▲ 1.70% EUR/BRL 5.84 ▲ 0.16% BRENT 87.73 ▲ 4.16% WTI 81.37 ▲ 3.07% IRON ORE 161.91 — — COPPER 6.26 ▼ 0.62% GOLD 4,010 ▲ 0.62% SILVER 56.22 ▲ 0.57% SOY 1,203 ▲ 0.63% CORN 468.25 ▲ 6.06% WHEAT 684.75 ▲ 1.48% COFFEE 321.10 ▼ 0.06% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 139.35 ▲ 4.15% COTTON 78.93 ▲ 1.60% COCOA 5,610 ▲ 7.55% BEEF 220.63 ▼ 2.84% CATTLE 339.08 ▼ 2.17% LITHIUM 68.25 ▼ 0.89% PETR4 40.83 ▲ 2.36% VALE3 72.68 ▼ 0.41% ITUB4 41.91 ▼ 1.50% BBDC4 18.23 ▼ 0.98% ABEV3 15.54 ▼ 0.38% BBAS3 20.33 ▼ 2.07% B3SA3 15.21 ▼ 1.17% WEGE3 43.49 — 0.00% PRIO3 57.61 ▲ 1.44% SUZB3 41.89 ▲ 0.46% RENT3 37.96 ▼ 2.32% AZZA3 18.41 ▼ 0.65% CSAN3 3.85 ▼ 0.77% RAIZ4 0.28 ▼ 3.45% PCAR3 2.56 ▼ 1.16% GMAT3 3.91 ▼ 0.26% PSSA3 54.97 ▼ 0.45% CVCB3 1.25 ▼ 7.41% POSI3 3.77 ▼ 2.84% SLCE3 13.50 ▼ 0.81% NATU3 8.55 ▼ 0.12% BRKM5 6.23 ▲ 2.13% RANI3 7.95 ▼ 1.61% CSNA3 5.03 ▼ 1.37% CMIN3 5.34 ▼ 2.02% USIM5 8.23 ▲ 4.18% GGBR4 24.03 ▲ 0.50% ENEV3 25.73 ▼ 0.85% CPFE3 46.97 ▼ 0.47% CMIG4 11.18 ▲ 0.81% EQTL3 39.47 ▼ 0.95% LREN3 13.26 ▼ 2.86% VIVT3 35.63 ▲ 0.45% RAIL3 13.68 ▼ 1.79% KLABIN 17.52 ▲ 0.92% RAIA DROGASIL 18.41 ▼ 0.59% RDOR3 35.66 ▼ 0.59% HAPV3 11.43 ▲ 4.38% FLRY3 16.60 ▲ 1.10% SMTO3 15.46 ▼ 1.65% UGPA3 32.04 ▲ 0.16% VBBR3 34.89 ▲ 1.51% BBSE3 40.85 ▼ 0.80% BPAC11 56.24 ▼ 0.62% CURY3 30.72 ▼ 1.82% AERI3 2.03 ▲ 0.50% VIVARA 22.53 ▼ 3.51% COMPASS 24.84 ▼ 0.28% VAMOS 3.18 ▲ 0.63% SANB11 26.66 ▼ 0.63% ASAI3 8.39 ▼ 1.99% SBSP3 29.28 ▼ 0.07% WALMEX 49.63 ▲ 0.14% GMEXICO 199.94 ▲ 0.35% FEMSA 224.57 ▼ 0.22% CEMEX 22.69 ▼ 0.40% GFNORTE 180.40 ▲ 0.01% BIMBO 58.00 ▲ 0.14% TELEVISA 9.62 ▲ 1.16% AMX 23.16 ▲ 1.67% GAP 386.65 ▼ 1.30% ASUR 279.18 ▼ 0.63% OMA 229.53 ▼ 1.53% KOF 180.33 ▲ 0.77% GRUMA 286.05 ▼ 0.11% KIMBER 38.61 ▼ 0.44% SQM-B 65,100 ▼ 1.44% COPEC 6,227 ▲ 1.65% BSANTANDER 77.31 ▼ 1.09% FALABELLA 5,885 ▲ 0.55% ENELAM 84.67 ▼ 0.15% CENCOSUD 2,000 ▼ 0.26% CMPC 1,079 ▲ 0.47% BANCO CHILE 188.24 ▼ 0.34% LATAM AIR 24.74 ▼ 2.60% YPF 77,575 ▲ 1.97% GGAL 7,800 ▼ 0.83% PAMPA 5,165 ▲ 1.08% TXAR 662.00 — 0.00% ALUAR 948.50 ▲ 0.90% TGS 9,345 ▼ 0.43% CEPU 2,256 ▼ 0.18% MIRGOR 16,800 ▲ 0.30% COME 43.83 ▼ 1.42% LOMA NEGRA 3,508 ▼ 1.41% BYMA 298.00 ▼ 1.16% TELECOM ARG 4,130 ▼ 1.20% ECOPETROL 15.99 ▲ 1.20% BANCOLOMBIA 80.12 ▲ 0.82% GRUPO AVAL 4.94 ▼ 0.60% CREDICORP 391.28 ▲ 0.99% SOUTHERN COPPER 172.36 ▼ 1.88% BUENAVENTURA 30.07 ▼ 0.33% MERCADOLIBRE 1,819 ▼ 2.08% NUBANK 13.62 ▼ 1.27% XP 16.71 ▲ 0.15% PAGSEGURO 9.07 ▼ 0.93% STONE 11.10 ▼ 0.94% GLOBANT 32.29 ▲ 0.28% TECNOGLASS 45.51 ▼ 2.82% GAP AIRPORT 220.51 ▼ 2.12% ASUR 279.18 ▼ 0.63% OMA AIRPORT 104.85 ▼ 2.20% AMX ADR 26.38 ▲ 0.92% FEMSA ADR 128.14 ▼ 1.04% CEMEX ADR 12.94 ▼ 1.26% PETROBRAS ADR 17.90 ▲ 2.43% VALE ADR 14.18 ▼ 0.28% ITAU ADR 8.20 ▼ 1.27% SANTANDER BR 5.23 ▼ 1.13% AMBEV ADR 3.02 ▼ 0.98% CSN 0.99 ▼ 0.86% GERDAU 4.72 — 0.00% LATAM ADR 52.73 ▼ 0.86% BTC 63,981 ▲ 0.30% ETH 1,836 ▼ 1.45% SOL 74.88 ▼ 0.52% XRP 1.09 ▼ 0.05% BNB 565.70 ▼ 1.13% ADA 0.17 ▲ 2.69% DOGE 0.07 ▲ 0.11% AVAX 6.56 ▲ 0.82% LINK 8.20 ▼ 1.54% DOT 0.85 ▼ 0.67% LTC 44.86 ▼ 0.18% BCH 219.40 ▼ 1.00% TRX 0.32 ▼ 0.13% XLM 0.19 ▲ 0.51% HBAR 0.07 ▼ 0.96% NEAR 1.91 ▼ 2.73% ATOM 1.51 ▲ 0.16% AAVE 90.20 ▼ 1.02% SELIC 14.25% EMBRAER 81.89 ▲ 0.15% EMBRAER ADR 64.06 ▼ 0.48% JBS 11.79 ▼ 2.04% JBS BDR 60.14 ▼ 2.21% MBRF3 14.97 ▼ 2.09% MBRFY 2.89 ▼ 1.37% INTER 5.37 ▼ 3.16% EGX 52,928 ▲ 0.70% USD/ZAR 16.52 ▲ 0.85% USD/NGN 1,378 ▲ 0.02% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY 162.46 ▲ 0.07% USD/CNY 6.7755 ▲ 0.18% DAX 24,831 ▼ 0.34% CAC 8,339 ▼ 0.47% FTSE 10,600 ▲ 0.27% MIB 51,882 ▼ 0.94% IBEX 19,217 ▼ 0.45% STOXX 641.53 ▼ 0.34% EUR/USD 1.1439 ▼ 0.04% GBP/USD 1.3454 ▼ 0.19% SPX 7,458 ▼ 1.00% DJI 52,150 ▼ 0.77% NDX 28,632 ▼ 1.36% RUT 2,953 ▼ 0.73% TSX 35,162 ▼ 0.50% VIX 18.80 ▲ 12.37% USD/CAD 1.4011 ▼ 0.20% US10Y 4.5410 ▼ 0.61%
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Friday, July 17, 2026

Latin America Colombia

Petro Bypasses Congress, Takes Colombia’s Social Reforms Directly to Voters

By · March 12, 2025 · 2 min read

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Colombian President Gustavo Petro announced Tuesday a nationwide referendum on his stalled health and labor reforms. The dramatic move follows repeated congressional roadblocks to his progressive agenda and declining public support for his administration.

“Let the people choose,” declared Petro during his televised address. The president accused senators of “mocking” voters and siding with the country’s “oligarchy” by rejecting his reform initiatives.

Petro’s announcement came hours after eight senators revealed plans to block his labor reform in committee. This reform would restore extra pay for Sunday and holiday work, improve overtime compensation, and regulate digital platform employment.

The health reform seeks to diminish insurance companies’ power and expand healthcare access. Both proposals represent cornerstone promises from Petro’s 2022 campaign when he became Colombia‘s first leftist president.

Petro faces significant legislative challenges since his party lacks a congressional majority. His pension reform stands as his sole legislative victory but now faces potential annulment by Colombia’s Constitutional Court over procedural concerns.

Petro Bypasses Congress, Takes Colombia's Social Reforms Directly to Voters
Petro Bypasses Congress, Takes Colombia’s Social Reforms Directly to Voters. (Photo Internet reproduction)
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For referendum results to become binding, at least 13.6 million Colombians must participate. This threshold exceeds the 11.2 million votes Petro received in the 2022 presidential election.

Colombia’s Labor Reform Controversy

Opposition lawmakers criticize the consultation as an attempt to bypass proper legislative processes. Critics argue the labor reform would increase hiring costs and potentially eliminate 500,000 jobs according to central bank estimates.

Public sentiment has increasingly turned against Petro‘s administration. Last April, approximately 250,000 Colombians protested his economic and social reforms across major cities, chanting “Petro out!”

The president’s approval ratings hover around 33% as he approaches the halfway mark of his four-year term. Meanwhile, his government implemented austerity measures for 2025, including cuts to social programs.

Petro defends his reforms as essential for achieving peace through social justice. “Colombia needs these changes,” he stated while surrounded by supporters holding signs reading “#YesToSocialReforms.”

The Senate must now decide within one month whether to approve the popular consultation. If approved, the referendum would need to occur within three months, potentially reshaping Colombia’s political landscape ahead of the 2026 presidential election.

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