Colombian Finance Minister Diego Guevara May Depart Amid Disputes

Colombia’s Finance Minister Diego Guevara may resign amid disagreements with President Gustavo Petro. The finance ministry has not confirmed this information. Guevara has served for over three months, and the Colombian peso has fallen as speculation about his potential replacement by German Avila Plazas arises.

Colombia’s Finance Minister Diego Guevara is reportedly poised to leave his position due to differences with President Gustavo Petro, according to local radio station Caracol. However, the finance ministry has stated that it currently has no official confirmation regarding this matter and will communicate any updates accordingly.

Diego Guevara has held the finance minister role for just over three months, following his tenure as finance vice minister. While a source from the presidential palace indicated that disagreements over budget cuts led to Guevara’s resignation, another source from Petro’s office denied confirmation of the change, asserting that Guevara remains in his position.

Additionally, the Colombian peso experienced a decline of 1.38% in early trades, dropping to 4,130 per dollar. Caracol further reported that German Avila Plazas, head of Grupo Bicentenario, is expected to succeed Guevara, should the resignation proceed.

In summary, Colombia’s Finance Minister Diego Guevara might resign due to disagreements with President Gustavo Petro over budgetary issues. Despite various reports suggesting his departure, the finance ministry has yet to confirm this information. The situation remains dynamic, with potential consequences for the Colombian peso and the appointment of a new finance minister on the horizon.

Original Source: www.thestar.com.my