Petro claims his government lifted four million from poverty

President Gustavo Petro posted on X that extreme poverty measures his administration's success and that it has lifted nearly four million Colombians out of it.

President Gustavo Petro stated in a post on his X account that reducing extreme poverty is the key metric for assessing his leadership. He described it as Colombia's 'major social deficit' and a 'great national failure' built over two centuries. Petro emphasized that since taking office, his core goal has been to lower poverty levels, calling it the foundation for human freedom and his personal objective. He defended his administration's social priorities, citing the opening of public university branches in various regions and funding for youth education and training. He also pointed to policies like subsidies for single mothers with children under six and pension bonuses for elderly without pensions. Petro proudly claimed his government has lifted nearly four million Colombians out of poverty and aims to do more in his remaining term. He acknowledged that eradicating extreme poverty cannot happen overnight but said his policies have substantially reduced it. In closing, he argued this metric determines whether a government enriches or impoverishes society, tying future elections to sustaining or reversing this path.

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President Gustavo Petro responded yesterday on X to criticisms from his former finance minister, José Antonio Ocampo, and partially blamed him for the country's fiscal deficit.

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President Gustavo Petro presented on X several proposals to counter the effects of the Banco de la República's reference rate hike to 11.25%, which he called unconstitutional. Measures include subsidies for fertilizers, low-rate housing policies, and land distribution to peasants. He also called for self-regulation in fuel consumption amid the Middle East war.

President Gustavo Petro blamed the Banco de la República's high interest rates for the housing sector's contraction, which has seen 10 consecutive quarters of decline. The leader stated that these positive and growing real rates have prevented users from affording payments. Analysts, however, emphasize the drop in social interest housing as the main factor.

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US Treasury Secretary Scott Bessent praised President Javier Milei's management in an interview at the Institute of International Finance, highlighting reserve accumulation and ten million people escaping poverty.

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