Multi-party coalition likely to support Colombian president-elect

Coalition to back fiscal reform but temper hostility to FARC peace accord Arthur Dhont, Senior Country Risk Analyst, Latin America, IHS Markit On 17 June, Colombians voted in the second round of the presidential election between Democratic Centre (Centro Democrático: CD) candidate Iván Duque and Colombia Humana candidate Gustavo Petro. Incoming president Iván Duque is likely to form a multi-party coalition similar to the outgoing National Unity coalition of President Juan Manuel Santos, leading to a stable government. The coalition is likely to broadly support the government’s economic indicatives of tax cuts, tax-evasion reduction, and limited austerity. Coalition allies are likely to be more guarded in supporting anti-corruption initiatives, particularly if they threaten vested interests. Duque will likely struggle to […]