IBOV 176,402.10 ▲ 1.77% IPSA 10,989.46 ▲ 0.32% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,343,345 ▲ 1.87% COLCAP 2,312.45 ▲ 0.48% BVL PERÚ 57,575.02 — — USD/BRL5.06▼ 0.29% USD/MXN17.40▼ 0.10% USD/CLP934.59▼ 0.12% USD/COP3,200▼ 1.73% USD/PEN3.40▲ 0.07% USD/ARS1,479▲ 0.05% USD/UYU40.14▲ 1.07% USD/PYG6,035▲ 1.50% USD/BOB10.95▲ 3.79% USD/DOP58.34▲ 0.24% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.36% USD/TTD6.71▲ 0.76% EUR/BRL5.77▼ 0.88% BRENT 93.90 ▲ 3.18% WTI 86.77 ▲ 2.19% IRON ORE 161.91 — — COPPER 6.51 ▲ 0.05% GOLD 4,162 ▲ 2.23% SILVER 60.64 ▲ 3.06% SOY 1,237 ▲ 1.39% CORN 483.50 ▲ 6.79% WHEAT 704.50 ▲ 3.91% COFFEE 314.50 ▼ 5.26% SUGAR 14.72 ▼ 1.08% ORANGE JUICE 149.65 ▲ 4.07% COTTON 80.43 ▲ 1.86% COCOA 5,336 ▼ 4.83% BEEF 219.60 ▼ 3.12% CATTLE 337.25 ▼ 3.52% LITHIUM 69.29 ▲ 0.30% PETR4 42.41 ▲ 1.80% VALE3 74.40 ▲ 2.99% ITUB4 42.42 ▼ 0.26% BBDC4 18.58 ▲ 0.16% ABEV3 15.97 ▲ 1.08% BBAS3 20.80 ▼ 0.38% B3SA3 15.58 ▲ 2.70% WEGE3 46.82 ▲ 10.24% PRIO3 59.38 ▲ 2.06% SUZB3 41.90 ▲ 0.65% RENT3 36.85 ▲ 0.82% AZZA3 17.56 ▲ 0.46% CSAN3 3.90 ▲ 3.17% RAIZ4 0.28 ▲ 3.70% PCAR3 2.72 ▼ 0.37% GMAT3 3.85 ▲ 0.52% PSSA3 54.68 ▲ 2.24% CVCB3 1.19 ▲ 6.25% POSI3 3.72 ▲ 1.09% SLCE3 13.76 ▲ 0.07% NATU3 8.78 ▲ 0.80% BRKM5 6.10 ▲ 6.83% RANI3 7.95 ▲ 0.76% CSNA3 5.32 ▲ 5.14% CMIN3 5.78 ▲ 3.58% USIM5 8.64 ▲ 2.13% GGBR4 23.74 ▲ 1.06% ENEV3 25.62 ▲ 0.79% CPFE3 46.47 ▲ 0.15% CMIG4 11.09 ▲ 0.64% EQTL3 38.78 ▼ 0.13% LREN3 13.43 ▲ 1.21% VIVT3 35.37 ▼ 1.20% RAIL3 13.56 ▲ 2.42% KLABIN 17.80 ▲ 1.19% RAIA DROGASIL 18.16 ▲ 0.17% RDOR3 34.00 ▲ 0.24% HAPV3 11.53 ▲ 2.58% FLRY3 16.67 ▲ 0.73% SMTO3 15.98 ▲ 2.57% UGPA3 32.46 ▲ 2.01% VBBR3 34.51 ▲ 1.65% BBSE3 41.94 ▲ 0.94% BPAC11 56.23 ▲ 1.55% CURY3 30.14 ▲ 0.63% AERI3 2.05 ▲ 0.49% VIVARA 21.31 ▼ 0.47% COMPASS 24.75 ▲ 1.27% VAMOS 3.13 ▲ 1.29% SANB11 26.52 ▼ 2.54% ASAI3 8.39 ▲ 1.70% SBSP3 28.92 ▲ 1.12% WALMEX 48.91 ▼ 0.49% GMEXICO 214.12 ▲ 2.46% FEMSA 227.24 ▲ 0.22% CEMEX 22.12 ▲ 0.23% GFNORTE 187.27 ▲ 0.79% BIMBO 60.11 ▲ 1.21% TELEVISA 9.87 ▲ 1.13% AMX 22.65 ▼ 0.48% GAP 376.20 ▼ 0.61% ASUR 271.48 ▼ 1.27% OMA 226.43 ▲ 0.08% KOF 182.42 ▲ 1.08% GRUMA 279.30 ▼ 1.17% KIMBER 39.31 ▲ 2.37% SQM-B 66,001 ▲ 2.26% COPEC 6,465 ▲ 0.22% BSANTANDER 79.24 ▲ 0.29% FALABELLA 5,954 ▲ 0.59% ENELAM 84.40 ▼ 0.15% CENCOSUD 2,015 ▼ 0.64% CMPC 1,074 ▼ 0.96% BANCO CHILE 190.62 ▲ 0.32% LATAM AIR 24.00 ▼ 0.83% YPF 81,625 ▲ 1.24% GGAL 8,145 ▲ 2.26% PAMPA 5,530 ▲ 1.00% TXAR 673.00 ▼ 0.88% ALUAR 971.00 ▼ 0.21% TGS 9,760 ▲ 0.51% CEPU 2,357 ▲ 0.73% MIRGOR 16,850 ▲ 0.45% COME 43.08 ▲ 0.49% LOMA NEGRA 3,628 ▲ 0.62% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,278 ▲ 0.53% ECOPETROL 16.77 ▲ 1.42% BANCOLOMBIA 84.18 ▲ 0.65% GRUPO AVAL 5.04 ▼ 0.98% CREDICORP 390.00 ▼ 0.28% SOUTHERN COPPER 193.88 ▲ 3.12% BUENAVENTURA 32.63 ▲ 4.40% MERCADOLIBRE 1,808 ▼ 0.81% NUBANK 14.05 ▼ 2.34% XP 17.02 ▲ 0.98% PAGSEGURO 9.56 ▼ 0.26% STONE 11.16 ▼ 0.84% GLOBANT 31.85 ▼ 0.79% TECNOGLASS 45.13 ▼ 0.04% GAP AIRPORT 215.60 ▼ 0.96% ASUR 271.48 ▼ 1.27% OMA AIRPORT 104.05 ▼ 0.18% AMX ADR 25.87 ▼ 0.84% FEMSA ADR 130.73 ▲ 0.29% CEMEX ADR 12.66 ▼ 0.35% PETROBRAS ADR 18.91 ▲ 2.00% VALE ADR 14.68 ▲ 3.02% ITAU ADR 8.35 ▼ 0.65% SANTANDER BR 5.36 ▼ 1.02% AMBEV ADR 3.13 ▲ 0.48% CSN 1.06 ▲ 6.00% GERDAU 4.71 ▲ 1.40% LATAM ADR 51.18 ▼ 0.76% BTC 65,949 ▼ 0.84% ETH 1,942 ▲ 0.73% SOL 78.48 ▲ 0.48% XRP 1.15 ▲ 0.74% BNB 572.16 ▼ 0.25% ADA 0.18 ▲ 2.34% DOGE 0.07 ▼ 0.32% AVAX 6.62 ▲ 0.89% LINK 8.69 ▲ 0.43% DOT 0.84 ▼ 0.33% LTC 46.82 ▲ 0.01% BCH 220.88 ▼ 1.26% TRX 0.33 ▼ 0.31% XLM 0.19 ▼ 0.77% HBAR 0.07 ▲ 4.03% NEAR 1.89 ▼ 2.12% ATOM 1.46 ▼ 1.35% AAVE 97.48 ▲ 2.00% SELIC 14.25% EMBRAER 83.12 ▲ 0.57% EMBRAER ADR 65.67 ▲ 0.31% JBS 12.07 ▲ 0.96% JBS BDR 60.98 ▲ 1.26% MBRF3 15.46 ▲ 2.32% MBRFY 3.01 ▲ 2.03% INTER 5.54 ▼ 0.72% EGX 53,932 ▼ 0.11% USD/ZAR16.40▼ 0.43% USD/NGN1,370▼ 0.55% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY163.12▼ 0.03% USD/CNY6.76▼ 0.08% DAX 25,166 ▲ 0.62% CAC 8,446 ▲ 1.00% FTSE 10,730 ▲ 1.36% MIB 52,749 ▲ 0.89% IBEX 19,579 ▲ 1.03% STOXX 647.23 ▲ 0.63% EUR/USD1.14▲ 0.12% GBP/USD 1.3379 — 0.00% SPX 7,520 ▲ 0.15% DJI 52,367 ▲ 0.27% NDX 29,159 ▲ 0.01% RUT 2,967 ▼ 0.69% TSX 35,581 ▲ 0.60% VIX 16.91 ▼ 0.82% USD/CAD1.41▼ 0.16% US10Y 4.6530 ▲ 0.54% IBOV 176,402.10 ▲ 1.77% IPSA 10,989.46 ▲ 0.32% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,343,345 ▲ 1.87% COLCAP 2,312.45 ▲ 0.48% BVL PERÚ 57,575.02 — — USD/BRL 5.06 ▼ 0.29% USD/MXN 17.40 ▼ 0.10% USD/CLP 934.65 ▼ 0.11% USD/COP 3,200 ▼ 1.73% USD/PEN 3.40 ▲ 0.07% USD/ARS 1,479 ▲ 0.05% USD/UYU 40.14 ▲ 1.07% USD/PYG 6,035 ▲ 1.50% USD/BOB 10.95 ▲ 3.79% USD/DOP 58.34 ▲ 0.24% USD/CRC 447.42 ▲ 1.35% USD/GTQ 7.62 ▲ 2.27% USD/HNL 26.74 ▲ 1.52% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.35% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.77 ▼ 0.88% BRENT 93.90 ▲ 3.18% WTI 86.77 ▲ 2.19% IRON ORE 161.91 — — COPPER 6.51 ▲ 0.05% GOLD 4,162 ▲ 2.23% SILVER 60.64 ▲ 3.06% SOY 1,237 ▲ 1.39% CORN 483.50 ▲ 6.79% WHEAT 704.50 ▲ 3.91% COFFEE 314.50 ▼ 5.26% SUGAR 14.72 ▼ 1.08% ORANGE JUICE 149.65 ▲ 4.07% COTTON 80.43 ▲ 1.86% COCOA 5,336 ▼ 4.83% BEEF 219.60 ▼ 3.12% CATTLE 337.25 ▼ 3.52% LITHIUM 69.29 ▲ 0.30% PETR4 42.41 ▲ 1.80% VALE3 74.40 ▲ 2.99% ITUB4 42.42 ▼ 0.26% BBDC4 18.58 ▲ 0.16% ABEV3 15.97 ▲ 1.08% BBAS3 20.80 ▼ 0.38% B3SA3 15.58 ▲ 2.70% WEGE3 46.82 ▲ 10.24% PRIO3 59.38 ▲ 2.06% SUZB3 41.90 ▲ 0.65% RENT3 36.85 ▲ 0.82% AZZA3 17.56 ▲ 0.46% CSAN3 3.90 ▲ 3.17% RAIZ4 0.28 ▲ 3.70% PCAR3 2.72 ▼ 0.37% GMAT3 3.85 ▲ 0.52% PSSA3 54.68 ▲ 2.24% CVCB3 1.19 ▲ 6.25% POSI3 3.72 ▲ 1.09% SLCE3 13.76 ▲ 0.07% NATU3 8.78 ▲ 0.80% BRKM5 6.10 ▲ 6.83% RANI3 7.95 ▲ 0.76% CSNA3 5.32 ▲ 5.14% CMIN3 5.78 ▲ 3.58% USIM5 8.64 ▲ 2.13% GGBR4 23.74 ▲ 1.06% ENEV3 25.62 ▲ 0.79% CPFE3 46.47 ▲ 0.15% CMIG4 11.09 ▲ 0.64% EQTL3 38.78 ▼ 0.13% LREN3 13.43 ▲ 1.21% VIVT3 35.37 ▼ 1.20% RAIL3 13.56 ▲ 2.42% KLABIN 17.80 ▲ 1.19% RAIA DROGASIL 18.16 ▲ 0.17% RDOR3 34.00 ▲ 0.24% HAPV3 11.53 ▲ 2.58% FLRY3 16.67 ▲ 0.73% SMTO3 15.98 ▲ 2.57% UGPA3 32.46 ▲ 2.01% VBBR3 34.51 ▲ 1.65% BBSE3 41.94 ▲ 0.94% BPAC11 56.23 ▲ 1.55% CURY3 30.14 ▲ 0.63% AERI3 2.05 ▲ 0.49% VIVARA 21.31 ▼ 0.47% COMPASS 24.75 ▲ 1.27% VAMOS 3.13 ▲ 1.29% SANB11 26.52 ▼ 2.54% ASAI3 8.39 ▲ 1.70% SBSP3 28.92 ▲ 1.12% WALMEX 48.91 ▼ 0.49% GMEXICO 214.12 ▲ 2.46% FEMSA 227.24 ▲ 0.22% CEMEX 22.12 ▲ 0.23% GFNORTE 187.27 ▲ 0.79% BIMBO 60.11 ▲ 1.21% TELEVISA 9.87 ▲ 1.13% AMX 22.65 ▼ 0.48% GAP 376.20 ▼ 0.61% ASUR 271.48 ▼ 1.27% OMA 226.43 ▲ 0.08% KOF 182.42 ▲ 1.08% GRUMA 279.30 ▼ 1.17% KIMBER 39.31 ▲ 2.37% SQM-B 66,001 ▲ 2.26% COPEC 6,465 ▲ 0.22% BSANTANDER 79.24 ▲ 0.29% FALABELLA 5,954 ▲ 0.59% ENELAM 84.40 ▼ 0.15% CENCOSUD 2,015 ▼ 0.64% CMPC 1,074 ▼ 0.96% BANCO CHILE 190.62 ▲ 0.32% LATAM AIR 24.00 ▼ 0.83% YPF 81,625 ▲ 1.24% GGAL 8,145 ▲ 2.26% PAMPA 5,530 ▲ 1.00% TXAR 673.00 ▼ 0.88% ALUAR 971.00 ▼ 0.21% TGS 9,760 ▲ 0.51% CEPU 2,357 ▲ 0.73% MIRGOR 16,850 ▲ 0.45% COME 43.08 ▲ 0.49% LOMA NEGRA 3,628 ▲ 0.62% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,278 ▲ 0.53% ECOPETROL 16.77 ▲ 1.42% BANCOLOMBIA 84.18 ▲ 0.65% GRUPO AVAL 5.04 ▼ 0.98% CREDICORP 390.00 ▼ 0.28% SOUTHERN COPPER 193.88 ▲ 3.12% BUENAVENTURA 32.63 ▲ 4.40% MERCADOLIBRE 1,808 ▼ 0.81% NUBANK 14.05 ▼ 2.34% XP 17.02 ▲ 0.98% PAGSEGURO 9.56 ▼ 0.26% STONE 11.16 ▼ 0.84% GLOBANT 31.85 ▼ 0.79% TECNOGLASS 45.13 ▼ 0.04% GAP AIRPORT 215.60 ▼ 0.96% ASUR 271.48 ▼ 1.27% OMA AIRPORT 104.05 ▼ 0.18% AMX ADR 25.87 ▼ 0.84% FEMSA ADR 130.73 ▲ 0.29% CEMEX ADR 12.66 ▼ 0.35% PETROBRAS ADR 18.91 ▲ 2.00% VALE ADR 14.68 ▲ 3.02% ITAU ADR 8.35 ▼ 0.65% SANTANDER BR 5.36 ▼ 1.02% AMBEV ADR 3.13 ▲ 0.48% CSN 1.06 ▲ 6.00% GERDAU 4.71 ▲ 1.40% LATAM ADR 51.18 ▼ 0.76% BTC 65,949 ▼ 0.84% ETH 1,942 ▲ 0.73% SOL 78.48 ▲ 0.48% XRP 1.15 ▲ 0.74% BNB 572.16 ▼ 0.25% ADA 0.18 ▲ 2.34% DOGE 0.07 ▼ 0.32% AVAX 6.62 ▲ 0.89% LINK 8.69 ▲ 0.43% DOT 0.84 ▼ 0.33% LTC 46.82 ▲ 0.01% BCH 220.88 ▼ 1.26% TRX 0.33 ▼ 0.31% XLM 0.19 ▼ 0.77% HBAR 0.07 ▲ 4.03% NEAR 1.89 ▼ 2.12% ATOM 1.46 ▼ 1.35% AAVE 97.48 ▲ 2.00% SELIC 14.25% EMBRAER 83.12 ▲ 0.57% EMBRAER ADR 65.67 ▲ 0.31% JBS 12.07 ▲ 0.96% JBS BDR 60.98 ▲ 1.26% MBRF3 15.46 ▲ 2.32% MBRFY 3.01 ▲ 2.03% INTER 5.54 ▼ 0.72% EGX 53,932 ▼ 0.11% USD/ZAR 16.41 ▼ 0.31% USD/NGN 1,370 ▼ 0.45% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY 163.11 ▼ 0.02% USD/CNY 6.7608 ▲ 0.06% DAX 25,166 ▲ 0.62% CAC 8,446 ▲ 1.00% FTSE 10,730 ▲ 1.36% MIB 52,749 ▲ 0.89% IBEX 19,579 ▲ 1.03% STOXX 647.23 ▲ 0.63% EUR/USD 1.1417 ▲ 0.11% GBP/USD 1.3379 — 0.00% SPX 7,520 ▲ 0.15% DJI 52,367 ▲ 0.27% NDX 29,159 ▲ 0.01% RUT 2,967 ▼ 0.69% TSX 35,581 ▲ 0.60% VIX 16.91 ▼ 0.82% USD/CAD 1.4085 ▼ 0.15% US10Y 4.6530 ▲ 0.54%
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Wednesday, July 22, 2026

Petro’s Political Gamble: A New Constitution for Colombia?

By · March 17, 2024 · 2 min read

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In his quest to overcome legislative hurdles, Colombian President Gustavo Petro has taken a daring step that’s stirred nationwide controversy.

Initially, he sought to bridge political divides by including liberal centrists in his cabinet, aiming to temper concerns from conservative quarters about a sharp leftward shift in governance.

This approach facilitated the passage of significant tax reform, overcoming challenges that stymied his predecessor, Iván Duque.

However, growing ideological rifts led to a cabinet reshuffle, reaffirming Petro’s commitment to his transformative agenda.

Petro's Political Gamble: A New Constitution for Colombia? (Photo Internet reproduction)
Petro’s Political Gamble: A New Constitution for Colombia? (Photo Internet reproduction)
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Faced with stagnation in Congress, particularly with crucial health reform at a standstill, Petro has floated the idea of convening a Constituent Assembly—a move many see as drastic.

This proposal aims to break the deadlock and push through his reform package, signaling a pivotal moment that has sent shockwaves through the political landscape of Colombia.

Petro’s appeal to his base was vividly illustrated during a rally in Cali’s Puerto Resistencia, a locale emblematic of the 2021 protests against systemic injustices.

There, he positioned himself as a champion of change, directly engaging with communities long marginalized.

Yet, this stance has also intensified opposition, with detractors hastily linking him to protest orchestrations, a claim he robustly denies.

Significant risks

The pursuit of a Constituent Assembly carries significant risks. It requires both congressional backing and a favorable public vote outcome—a challenging feat given Petro’s fluctuating approval ratings.

Such a process draws uncomfortable parallels with other Latin American leaders who sought extended powers through constitutional reforms, stirring fears of potential overreach.

Despite these concerns, Petro’s proposal has ignited a crucial public discourse on the future direction of Colombia’s democracy and governance.

As debates unfold, the nation stands at a crossroads. Petro’s bold gambit’s outcome will shape the country’s trajectory for years to come.

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