Colombia’s Finance Minister Diego Guevara may leave his position due to disagreements with President Gustavo Petro. The Finance Ministry stated it has no official confirmation regarding this matter. The Colombian peso has fallen, and German Avila Plazas is rumored to be his successor.

Colombia’s Finance Minister, Diego Guevara, is reportedly poised to vacate his position due to differences with President Gustavo Petro, as announced by local radio station Caracol. However, the Finance Ministry stated they currently possess no official information regarding this matter, promising to disclose any updates in due course.

Guevara has served as Finance Minister for just over three months, following his tenure as finance vice minister. A source within the presidential palace indicated that tensions arose between Petro and Guevara over budget reductions, leading to Guevara’s resignation on Monday night. Nevertheless, Petro’s office asserted that they had not received confirmation about Guevara’s departure, implying that he remains in office.

In reaction to these developments, the Colombian peso experienced a decline of 1.38% in early trading, reaching a value of 4,130 pesos per dollar. Furthermore, Caracol reported that German Avila Plazas, head of Grupo Bicentenario, may succeed Guevara in the finance ministry.

In summary, Finance Minister Diego Guevara’s potential exit from his position has been reported due to disagreements with President Gustavo Petro, though the Finance Ministry denies having official information confirming this. The situation unfolds as the Colombian peso declines, reacting to these uncertainties. Possible successor German Avila Plazas has been mentioned, highlighting ongoing governmental shifts.

Original Source: www.thestar.com.my