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2026 in Colombia: Uncertainty Reigns

1 February 2026 at 14:51

What’s coming for Colombia in 2026? A new president, a return to the world cup and all the usual sports, music and culture are ahead. There’s also plenty of uncertainty for now.

A river flowing under a high mountain in Cauca, Colombia in 2026
Just like the high mountains, Colombia’s future is clouded in fog

It had seemed that the only big political news of the year would be the election cycle and incoming president. However, all that changed on the first weekend of the year as the US military captured Nicolás Maduro in Venezuela and brought him to face charges in New York.

Then at the end of January, the Corte Constitucional blocked president Petro’s economic emergency declaration, plunging the country into another round of uncertainty. While the court deliberates, the country’s businesses will have to wait to see what’s ahead. Meanwhile, minimum salary workers can celebrate their first COP$2,000,000 paychecks.

#LaCorteInforma | La Corte suspende provisionalmente el Decreto 1390 de 2025 “Por el cual se declara el Estado de Emergencia Económica y Social en todo el territorio nacional”, mientras se profiere una decisión de fondo.

Comunicado: pic.twitter.com/Ow6rC40Ixb

— Corte Constitucional (@CConstitucional) January 29, 2026
An unprecedented move from the court

February won’t let up as Petro’s off to Washington at the start of the month to meet Donald Trump in what could be a tense meeting. While both sides have cooled their rhetoric, there’s plenty of unpredictability in both camps. This is perhaps best illustrated by Petro having to be granted a 5-day visa just to visit, Trump having cancelled his last one.

It’s anyone’s guess how that might end, with Petro currently blocking the release of coca growing figures and denying the reliability of foreign sources. In the best case scenario, Colombians can hope for no additional tariffs, military guarantees and cooperation and an easing on visas.

This is a year with big events set to dominate after a relatively quiet 2025 still managed to contain plenty of shocks and surprises. As ever, Colombia seems set to live in interesting times. We’ll be here throughout the year to keep you up to speed on what’s going on and why, from entertainment to hard news.

Another big election

Expect Colombians to grumble as they are called up for compulsory vote counting duty. There will be two sets of elections this year, with voting for the Senate and House of Representatives taking place first on the 8th of March. There will also be voting for candidates in blocks on that day.

The estrecho de Magdalena in Huila, Colombia in 2026
The election is tighter than the estrecho de Magdalena

After that, it’s the presidential race on the 31st of May with a likely run off between the top two candidates around three weeks later. The last four elections have all featured second rounds and no candidate looks capable of registering more than half the initial vote.

As with many presidential systems, there’s an enormous gap between winners being declared and them arriving in office. Pleasingly, this takes place on national days: the Senators and Representatives won’t arrive until Colombian Independence (20th July) and the president takes over on the anniversary of the Batalla de Boyacá (7th August).

The presidential runners and riders are in a very crowded field right now, but that will thin out until the 13th March, the final deadline for candidacies. The 8th March vote for various lists of candidates is especially important for this. The race remains wide open at the moment, with no clear leader and a very good opportunity for someone to come out of nowhere. 

Interestingly, there’s a good chance that Colombia will elect its first ever female and/or LGBTQI president, with Vicky Dávila, Paloma Valencia, Daniel Oviedo and Claudia López all potentially already in the mix or capable of putting together a big surge.

On the loosely defined left, Iván Cepeda is the official candidate for Pacto, having won out in the internal poll. Luis Murillo is also in the hunt, with Roy Barreras and the formerly-discredited Medellín mayor Daniel Quintero as outsiders. Cepeda will absolutely dominate the leftist vote and is very likely to make the second round as a result.

A rally by Iván Cepeda in Neiva, Huila in Colombia in 2026
A rally by presidential candidate Iván Cepeda in Neiva, Huila

A host of candidates on the nominal right are standing, with former journalist Dávila and Centro Democrático heavyweight Valencia in the ‘Gran Consulta’ block which defines itself as centrist but would be considered by many to be at least right-leaning. 

The wildcards here are Abelardo de la Espriella, a tough on crime former lawyer who led the field in gathering public nominations at over 5 million and serial candidate and former Medellín mayor Sergio Fajardo who narrowly failed to make the second round last time around.

Harder to pin down are candidates such as Claudia López and Juan Daniel Oviedo. They could surprise some people with a strong spring surge, especially if they can channel a dislike of established parties. However, López has baggage from her time as Bogotá mayor and Oviedo is in the ‘Gran Consulta’, meaning he’ll struggle to stay in the race.

Tying up loose ends

Elsewhere in the political landscape are other issues that could do with being resolved before the change in head of state. Paz Total is nowhere near happening, with a number of talks deadlocked or non-existent, the economic emergency is currently frozen and Venezuelan relations remain unclear.

Sunset over Paipa, Boyacá, Colombia
The sun is setting on Petro’s presidency

If the economic emergency goes ahead, there will be increased IVA (VAT or Sales Tax) on a range of things including online gambling, liquor and wine. There will also be a dramatic change in importation limits, with a limit of USD$50 for tax-exempt gifts.  

The ELN have asked to get back to the table, perhaps sensing that a possible right-wing government might not be quite so favourably disposed to their antics. Petro himself seems to have lost patience though, dismissing the request out of hand due to their recent attacks on Colombian army members.

Inflation will probably remain high and base interest rates are now in double digits as a result. However, the economy is chugging along decently and consumer spending remains strong. The minimum wage increase will likely help that continue and with a weakening dollar, prices may start to stabilise.

Whatever happens in Venezuela will have a big impact in Colombia. If the country opens up again, it’s entirely possible that some of the three million or so Venezuelans in the country may return. That will ease pressure in the labour market, increase trade flows and please a certain type of politician.

If Delcy Rodríguez stays in office with US support, things may be a lot more complicated. There’s not much love for the Venezuelan regime in Colombian political circles, meaning trade may not take off and there is likely to be limited cooperation on regional matters.

Ecuadorian relations also are heading in a downward spiral, with Noboa and Petro currently engaged in a tit-for-tat trade war and imposing hefty tariffs on each other. That’s choking trade across the border and affecting cooperation on cross-border security issues.

If there is a change in government, there might be more serious attempts to investigate a range of overhanging scandals such as the peculiar case of Laura Sarabia, currently ambassador to the UK and Juliana Guerrero’s and others’ mysterious qualifications.

With six months more in office, Petro has plenty of time to address these scandals or start new ones. Expect his twitter account to get even more heated between March and June as he gets involved in the election. He’s also likely to continue the ministerial merry-go-round which is past 60 changes already.

His approval ratings upon leaving office are likely to be higher than either of his two immediate predecessors. After a sharp post-election fall, he’s stayed consistently relatively popular by Colombian presidential standards and showing an uptick in recent months. For all the mutterings of doom when he came in, he’ll leave office in a relatively good position.

Big issues in Bogotá

Mayor Gálan is halfway through his tenure and has little to show for it so far. He’s managed to keep things ticking over but has not made big changes, nor has much of a legacy as things stand. The Metro was his inheritance and will be inaugurated under the next mayor, so he could do with something big this year. Trouble is, there’s nothing on his books for now.

A long-term boon but short-term disruption

Transport is perhaps the biggest issue, with the Metro still firmly on track. Gálan deserves credit for this, as the project has not been without problems and has endured meddling from the Palacio Nariño. Regiotram to the westerly satellite towns is also still on the way.

On the other hand, there will be even more disruption in the short term thanks to the Metro works, and road quality is awful. Road traffic incidents are stubbornly high, with nearly 500 deaths predicted over 2026.

Prices have been hiked to COP$3,550 on the Transmilenio and SITP for 2026, despite Gálan’s earlier pledge not to do so. The mayor says it’s unavoidable due to the minimum wage rise. Petro has responded by refusing to fund a new fleet of electric buses.

Water rationing was an issue this time last year, but it seems unlikely to return for the short term, thanks to the unseasonal levels of rain we’ve had over the holiday period. An El Niño event is predicted for the year but there’s little sign of it so far. 

Crime is nominally coming down, but few believe the official figures. Perceptions of crime remain high and most Bogotanos feel unsafe in the city. It’s not hard to see why – it feels like there are more and more chirretes around and fewer police.

One thing that is always in view is rubbish, with big piles over much of the city. Some of this is from an increase in fly-tipping, some from a faulty collection system struggling to keep up and others from a simple breakdown in civic values. 

A succession of Bogotá mayors have avoided the issue after Petro got into hot water in his time in office, but things are coming to a head now. It’s becoming a public health problem with rats frequently seen even in midday as well as a simple blight on the city. 

Entertainment

Peso Pluma has pulled out of Festival Estéreo Picnic 2026, but la Tigresa del Oriente has joined, which is probably a win. The best event in Bogotá, and by extension Colombia, remains a top-drawer festival with genuine international heavyweights which is well worth getting tickets for if you’re in town.

With a lineup boasting Tyler, The Creator, The Killers and Deftones, the festival is a viable cultural tourism draw if you’re visiting. Prices are competitive with North American and European fests and experiencing a Latin American festival environment is something most music fans should relish.

FEP2026 is the bigger event, but little sister Cordillera offers a more Latin experience

Balancing FEP2026 is Festival Cordillera 2026 in September, which offers a different attraction: the chance to see what (loosely defined) contemporary Latin music sounds like. The event focuses almost exclusively on Latin talent from across the musical spectrum, giving you the opportunity to explore a soundscape you may not know too much about.

Sadly, those two mega-festivals are helping sound the death knell for Rock al Parque. It hasn’t really recovered post-COVID and has been poorly managed by the alcaldía. Hopefully it can find its feet again, and the offshoots (salsa al parque, rap al parque etc) are all still strong and accessible.

Flying under the radar last year was Colombia’s first ever board games convention, Ludotopia. Given the enormous success of the event, it’s likely to run again. In other boardgaming news, Wingspan will launch an Americas expansion featuring a bevy of local aves, illustrated by Colombian lead designers Ana Maria Martínez and Natalia Rojas.

Filbo from 21 April- 5 May is the nation’s keystone for literary events, accessible and open to all with a strong focus on education as usual. The country of invitation this year is India, a welcome departure from the usual Latin or European focus and sure to open up exciting new possibilities.

Ludotopia event in Bogotá, Colombia 2025. Picture shows a giant meeple and Devir branding in the background
Ludotopia was a smash hit in 2025

Geekfest SOFA will be in October, which has turned into an absolute juggernaut of an event. Crowds will be intense in the daytime weekends, so try and make it there on weekdays or in the evenings if you’re going. Comic Con is much quieter but lacks the joyfulness of SOFA, being much more commercial in nature.

Colombian sporting specials in 2026

Colombia have a reasonably straightforward World Cup group and will be aiming high. Head coach Nestor Lorenzo has turned dressing room morale around 180° and taken los cafeteros to a runner’s up spot in the last Copa América.

With Colombia currently ranked 13th by FIFA, they are expected to do well and will be seen as a team to beat. Matching the 2014 run to the quarter-finals will be no easy task, but achievable. Surpassing it would be a real upset but it’s a funny old game and anything could happen. The squad is well built for tournament football, with key players such as James capable of burning bright for a few weeks.

A hotly contested capitalino derby on the way to Santa Fe’s championship

There’s also plenty to keep an eye on in domestic football, with Falcao returning to Millonarios. That didn’t go fantastically well in the 2024 apertura, as city rivals Santa Fe knocked them out and went to lift the trophy. El Tigre didn’t take that well at all, throwing his toys out of the pram in a charged presser after the match. Santa Fe went on to win the Supercup at the start of this year.

After working wonders with Wrexham, Hollywood superstar Ryan Reynolds will be hoping to do similar for Inter de Bogotá. Previously known as La Equidad, the team changed name after being acquired by Reynolds’ investment vehicle. The actor has already donned the jersey and may appear at games in 2026.

In non-traditional sport, Cricket Colombia are celebrating their recent designation as an official sport in the country. They’re getting things kicked off with the Barranquilla Cricket tournament from February 20-22 seeing regional teams from Santa Marta, Bogotá, Cali and Medellín fighting it out to decide national supremacy. Cartagena, Santa Marta and Barranquilla are also hosting a women’s competition as the sport grows in the country.

Egg-chasers are spoilt for choice with Gaelic football in the capital as well as Aussie Rules, American football and rugby across the country. With the Superbowl coming up, if you are inspired, get in touch with the American football leagues across the country.

The Colombian women’s sevens are currently competing in the SVNS championship in Dubai and making a good account of themselves. The Toucans are punching above their weight with limited resources available to them.

AFL in Colombia continues to build momentum, and Gaelic football is becoming a bigger deal as well, with the Bogotá Beithigh practising on a more consistent basis in partnership with Colombia rugby to help build their profile.

What’s most likely to happen in Colombia in 2026?

Well, frankly put, the most likely thing is a big surprise in Colombia in 2026. Unexpected events seem to happen with regularity, so there’s every chance something comes out of leftfield. Plenty of things popped up in 2025 that we hadn’t seen coming this time last year.

Macizo colombiano in Huila, Colombia in 2026
The news rolls like the mountains of the macizo colombiano

Having said that, there are some good bets to lay: the economy should continue strengthening and the dollar exchange should ease back in the direction of COP$3,000 (which remains a long way off). There definitely will be a new president, even if it’s a continuity candidate and we will see changes in the Senate.

The big cultural events of 2026 in Colombia look like they’ll all be roaring successes as usual, as the country shows no sign of slowing down.

It’s unlikely that any of the peace processes will come to a conclusion and depressingly likely that they will face more turmoil if certain candidates take over in the Palacio de Nariño. While we can all hope that things will improve in the capital, there’s currently no sign that will happen. On the other hand, steady progress will continue on existing projects.

En fin, it’s likely to be six months of the usual turmoil and drama, culminating in two huge events: May-June’s presidential elections and the fortunes of the footballers in North America at the World Cup in July. Then we’ll face the remainder of the year watching what the president does in his or her first months. Whatever happens, there’ll be plenty going on in Colombia in 2026.

The post 2026 in Colombia: Uncertainty Reigns appeared first on The Bogotá Post.

Emergency over: Constitutional Court freezes Petro’s decree

31 January 2026 at 15:36

Petro’s emergency order has been put on hold while the constitutional court examines its legality further. What does this mean for your pocket and the country’s future?

More money in your pocket?

For the first time in Colombian history, the constitutional court on Thursday overruled a presidential order and temporarily negated Gustavo Petro’s declaration of an economic emergency. He had done that in order to get his budget through, essentially bypassing the need to get it through parliament. That’s now been put on hold.

The decree hasn’t actually been struck down, just paused while the court makes a decision on the constitutionality of the order. This means weeks of uncertainty while they deliberate. The decision was taken 6-2 with two abstentions, meaning that there’s a clear majority in favour of negation at this point.

#LaCorteInforma | La Corte suspende provisionalmente el Decreto 1390 de 2025 “Por el cual se declara el Estado de Emergencia Económica y Social en todo el territorio nacional”, mientras se profiere una decisión de fondo.

Comunicado: pic.twitter.com/Ow6rC40Ixb

— Corte Constitucional (@CConstitucional) January 29, 2026
The court was clear

Petro’s declaration of economic, social and ecological emergency was known officially as Decreto 1390 of 22 December 2025. No measures deriving from the decree can be implemented yet, although it will stay formally on the books for now, until the final decision is taken on whether it can stand.

Predictably, he’s reacted furiously to the news, saying that the public should decide. He claims it’s a political decision aimed at protecting the establishment and countering his progressive aims. Furthermore, he says that the court has not properly studied the executive’s arguments.

Cuando desde hace décadas la Corte Constitucional prohibió suspender provisionalmente un decreto de emergencia, la actual Corte Constitucional, sin estudiar nuestras razones, decidió hacerlo.

Se trata literalmente de prejuzgar, pero además se hace por dos razones: por que es un…

— Gustavo Petro (@petrogustavo) January 30, 2026
The president took to Twitter as usual

Even more provocatively, he’s presenting this as a rupture of constitutional order. This should not be taken lightly: he’s essentially arguing for fewer checks and balances on the presidential office. This is a common theme in caudillo politics and one that many in Latin America will recognise.

The large increase in the minimum salary is being dragged into the argument in what appears to be an attempt to win support for the president’s emergency measures. The latter is a dry matter that few take interest in and the former is something that everyone can see and many support.

While there is little to no chance of the minimum salary increase being revoked, it does stir emotions more effectively than a constitutional affair that many take no interest in. He’s also making the argument that this is class war and the working people should not have to bear the cost of the deficit.

His controversial sidekick Armando Benedetti, currently Interior Minister after a string of previous positions has also come out swinging, saying that the court does not have the right to overrule the head of state and that they are protecting the megarich.

No hay derecho. Al suspender provisionalmente la Emergencia Económica se está protegiendo a los megarricos. pic.twitter.com/0UlK6Elzti

— Armando Benedetti (@AABenedetti) January 29, 2026
Benedetti adds fuel to the fire

While the ruling by the Corte Constitucional is unprecedented, it was not a big shock. Petro was quite clearly playing politics with the decree and is now dealing with the consequences. It was seen in December as an unusual and authoritarian move which had a good chance of being denied. A freeze was always likely, with full rejection absolutely possible.

The court justified its decision by arguing that the financial problems the country has are not exceptional circumstances that demand emergency measures, such as COVID-19 or a natural disaster. Rather, they are structural problems that require a regular solution.

More tellingly, the tribunal noted that the motivation behind the decree was not clearly defined and likely political. It went on to point out formal irregularities and problems with the legal design of the decree.   

There had been significant pushback from elected officials to the plan, with 17 departmental governors refusing to implement decree 1474, a follow-on from the economic emergency decree, claiming it was potentially unconstitutional and that this would put them at financial risk if it failed.

This opens serious questions as to the limits on the president’s power, the position of the constitutional court and the viability of future tax reforms. It also sets the clock ticking for a decision, as the Senate and House elections are coming up fast, on March 8th. If this matter is not resolved by the time presidential elections are happening, things will get complicated.

So what does it mean for my pocket?

In the short term, all the planned tax hikes are frozen. That means there likely won’t be price drops, just that some things that were set to rise significantly won’t do so. In fact, as inflation remains high, expect plenty of sticker shock anyway. 

Some booze, yesterday

Full-rate IVA (VAT or sales tax) was due to go onto liquor and wine, so it’s good news for rum drinkers, winos and aguardiente fans. Gamblers, too, have a reprieve as there will also be no IVA increase for online betting. Finally, smokers won’t see extra taxes on tobacco consumption.

The planned USD$50 limitation on tax-exempt gifts won’t go into effect, making buying from overseas relatively cost-effective for a while longer.

The wealth tax will stay where it is for now, with the bar remaining at COP$3.6bn and progressive rates not coming into play. However, those in debt with local tax revenue authority DIAN will not see a reduction in either interest payments or penalties for late payment.

Elsewhere in the economy, the bankers have avoided a 15% extra supertax and there will be no new charges levied on natural resource extraction. The latter were in any case only designed to be temporary.

It’s technically possible, but very unlikely, that monies already gathered will be returned. The corte constitucional has traditionally avoided retroactive economic decisions, preferring to rule in favour of protecting the state’s finances. That means some COP$800bn that has been collected will stay in limbo for now but almost certainly be unfrozen whatever happens.

What happens next?

Immediately, political and economic uncertainty, as this is only a temporary suspension to revise the legal position. That means weeks more of companies not knowing where they stand for the medium term and politicians taking the opportunity to grandstand and indulge themselves.

There are two paths from here: either the court decides that the economic emergency declaration was valid, in which case we simply revert to the original measures set out in the decree, or it is struck down and everything is up in the air.

Petro is correct when he points out that this will mean he has to borrow more to finance the running of the state, which will increase the national debt. The deficit also still stands and continues to grow, meaning in turn so does the debt. This is long-term unsustainable.

Somewhere down the line, a Colombian president will have to do something to address the deficit the country has been running for years since the collapse of the natural resource boom. However, Duque’s attempt to reform the tax system was met with massive protests and Petro has fared no better while also increasing spending. 

There are no signs that any of the candidates in this year’s election are likely to fare any better. Expect to see plenty of grandiose plans and vague suggestions but little fine detail in any manifestos. Quite simply, running on a platform of promising to increase taxation is a death knoll for any candidate.

All of the measures that could be taken are politically poisonous. Cutting spending is hard to do once people have become accustomed to it, stealth taxes abound and business rates are already high. A more progressive income taxation system would need to involve widening the tax base, which will mean more voters paying tax for the first time.

For many regular folk, just keeping their head above water is already hard enough without extra costs suddenly appearing. They won’t vote for more taxes, or even any taxes, as many are simply not taxed directly. At the same time, without significant natural resources popping up, the only way out of the middle-income trap is tax reform.

There’s also the question of the role played by the constitutional court. While nominally independent, it is supported or decried by all sides of the political spectrum depending on who it’s perceived to favour at any one point. There are already calls to ignore it in the name of the ‘people’s will’, conveniently undefined. Expect those to grow in number.

Where will Colombia go in the short term? Probably nowhere, as kicking the can down the road is still possible for a few years more. It’s likely that state spending will slow down, minor budgetary changes will get through and the country will muddle along. 

Having already lost investment grade status after Duque’s botched reform, the country hasn’t much to lose for now. There are also promising economic signs, meaning that strong GDP growth could alleviate the situation considerably. However, the national debt will be hanging like the sword of Damocles over future presidents.

The post Emergency over: Constitutional Court freezes Petro’s decree appeared first on The Bogotá Post.

Trump and Petro: Eagle Vs Jaguar

10 January 2026 at 17:11

A week on from the extraordinary events of the third of January, where does Colombia stand, what happens next and what do people think?

Despite aggressive rhetoric, Colombian president Gustavo Petro and US president Donald Trump have ended up on relatively good terms over the last week after Maduro’s capture, and for now there appears to be a wary calm between the Palacio Nariño and the White House. It’s too early to talk of a bromance, but there’s certainly been a rapid de-escalation.

The US president pointedly praised Petro’s tone in his tweet after they spoke over the phone on Wednesday, indicating that the Colombian president had been rather less bullish one on one compared to his public speeches and tweets.

Petro also seems happy with the conversation, saying that he had cleared the air and underlining that he is not connected to the illegal drug trade. He pointed out that he has stepped up seizures of drugs and has in fact been threatened various times over his life by drug cartels.

Esto es Histórico.

Hablaremos con Trump, de la Paz del Continente, de la soberanía , de un Pacto por la Vida basado en las energías limpias. Se puede descarbonizar la matriz de EEUU si se vuelve real el potencial de energías limpias de Suramérica pic.twitter.com/0bqPP2lAYe

— Gustavo Petro (@petrogustavo) January 8, 2026

Petro had criticised his counterpart in the White House all week, convened protests against the US military’s actions in Venezuela and called an emergency meeting of the UN Security Council, of which Colombia is a temporary member.

However, Petro appears to have struck a far more conciliatory note when actually talking to the US president on Wednesday. For his part, Donald Trump also turned down the heat, saying it was a great honour to speak with the Colombian president and that they would talk further in person at the White House.

Petro has confirmed that this will take place in the first week of February. He’s also invited interim Venezuelan president Delcy Rodríguez to visit the Palacio Nariño for talks.

Alongside his usual flurry of tweets, Petro had been setting this in motion, with his Interior Minister (and former ambassador to Venezuela) Armando Benedetti sending a memo to the US underlining their commitment to fighting drug production.

Antagonism serves both sides

Petro has been highly critical of Trump’s actions in the Caribbean from the outset. He has warned Trump “not to wake the jaguar” and denounced his strikes on boats over the last few months.

Bad blood between the pair goes back a long way, but has really ramped up in recent weeks. Even before the extraordinary events of last weekend, Petro’s fierce criticism of the military build up in the Caribbean had led to him and his estranged wife Veronica Alcócer being stuck on the Clinton List.

The truth is that antagonistic public rhetoric plays well for both Petro and Trump, regardless of how much damage it may do to the reputation of either country. They both get to play the big man and impress their base, which both need right now in the face of domestic woes.

Presidente Donald J. Trump sobre la llamada con el Presidente Gustavo Petro: https://t.co/1lTgSYF8hb

— US Embassy Bogota (@USEmbassyBogota) January 8, 2026

Trump doesn’t seem to mind Petro’s words, as long as he gets his way. That fits with his previous actions, including his fallout when running against current Secretary of State Marco Rubio. He says Petro’s been very hostile, but that’s all in the past.

For Petro, this also sets him up nicely for his post-presidential life. In an interview this week he expressed a desire to tour the world speaking at conferences and the international exposure this week has been good for that. On top of that, Trump will likely lift the restrictions on him and his family as a reward for toeing the US line.

What’s the feeling in the calles?

One could have been forgiven for not noticing the midweek protests. Despite the best efforts of hyperbolic foreign journos, Bogotá has been far from a seething cauldron of dissent. In reality, a few hundred Petro diehards trooped out as expected.

Most Colombians are well aware of the reality of Maduro’s rule and the abuses carried out in its name. Apart from a very few outliers, there is no love lost for Nicolás Maduro and an overwhelming satisfaction that he’s no longer Venezuelan president.

Not the most welcoming sign in Chapinero

That’s not to say, though, that Colombians are wildly happy about the current situation. Colombia is a very different country to her neighbour, but there remains a relatively well-founded concern among many that there may be attacks on Colombian territory.

Anti-American sentiment is not exactly thriving, but graffiti and the like is already going up in certain parts of the city. There’s little to no appetite in the country for any US military activity in Colombia, even against cartels or guerrillas.

Worries still linger over the possibility of other repercussions. The waits for American visas have only just started to come down, with new appointments a year hence. Many worry that will increase again and that extant visas for expat Colombians may be affected too.

Tariffs, too, are never far from people’s minds, although Trump’s current position towards Colombia seems to be benign. Tourism will possibly be affected, both in the short and medium term.

Of course, Bogotá has a thriving Venezuelan expat community as well. While there is general delight at Maduro being arrested, there remain justifiable fears over what comes next. Delcy Rodríguez is seemingly no-one’s first choice and most hope for the promise of free and fair elections.

The Plaza de Bolívar and many others around both Bogotá and Colombia have seen large groups of Venezuelans gathering both to celebrate Maduro’s fall and to call for a transition towards a proper democracy. Most, however, are just getting on with life and wary of reading too much into things at present.

A particular trend has been for exiled Venezuelans to take to social media in order to decry what they often see as ‘Venezuelasplaining’. Many accounts are keen to point out that while the US might only be interested in oil, neither were China, Russia and Iran after arepa recipes.

Venezuelan man:

“Those who say that the U.S. is only interested in our oil, I ask you: What do you think the Russians and the Chinese wanted here?

The recipe for arepas?" pic.twitter.com/BWpCmCxFGI

— Visegrád 24 (@visegrad24) January 4, 2026
Obviously they’d go to Boyacá for arepa recipes

As for other Colombian politicians, there’s been a mixed reaction. The Centro Democrático has had a well-coordinated and fierce response, aggressively trying to connect Petro and his allies to Maduro, with some success.

Others are resisting the temptation to use Venezuela as a political football, preferring to cautiously celebrate Maduro’s capture while expressing concern both about the manner it was done and the current political inclarity in the country.

What happens next?

For now, Delcy Rodríguez appears to be in control of Venezuela. She’s been sworn in as president and Trump says she’s committed to working with Washington. That means allowing US oil companies in, buying American goods and stopping shadow fleet sales.

While Trump had initially been dismissive of Maria Corina Machado, saying she had little support or respect in Venezuela, he’s changed his position a little and has a meeting lined up with her soon. This may be connected to her apparent offer to share her Nobel Peace Prize with him.

Regime enforcers have been on maneuvers throughout the past week to quieten internal dissent and quell momentum towards thoughts of a full democratic transition. The ELN has stepped up operations near to the Venezuelan border and Iván Mordisco has suggested a coalition of guerrillas to fight interventionism.

Plenty remains unclear about the whole situation. Trump has expressed a lot of opinions and thoughts but hasn’t elaborated on what the details behind any of it might be. There’s also a worrying lack of corroboration from other players. 

Rodríguez and Petro haven’t really confirmed his takes on their talks, nor have oil companies definitively committed to full investment. At the moment, it seems like all parties are reasonably happy with the state of play but keeping options open. 

Petro gets to play the plucky leader standing up to US imperialism, shoring up his party’s base at home ahead of coming elections while burnishing his reputation overseas. Trump gets to be the decisive commander in chief that took out a rival, while Rodríguez has received a promotion.

For now, it really could go in a number of different directions and small actions might be the things that push the country in certain directions. There are lots of cards on the table and plenty of big decisions to be taken.

Worryingly, the most likely scenario at the moment seems to be that the regime continues in power, just with a new leader and a new-found willingness, however reluctant, to work with the USA. For the ordinary Venezuelan, tragically, little much has changed as things stand.

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US strikes in Venezuela: what does it mean for Colombia and what happens next?

3 January 2026 at 14:17
Arrested president of Venezuela Nicolás Maduro. Photo courtesy of X

The US carried out limited airstrikes in Venezuela this morning and claim to have captured Nicolás Maduro. Colombia has reacted with strong condemnation.

Colombia this morning woke to the news that US forces had attacked the neighbouring capital Caracas. President Donald Trump claimed via Truth Social that Maduro had been captured and extricated from the country, with the airstrikes necessary for that operation to take place.

It later emerged that the attack and capture was an arrest. The US has confirmed Maduro’s indictment in New York and that he will stand trial for narcotrafficking and potentially other offences. This dates back to 2020, although it was not widely known that Maduro’s wife Cilia, captured with him, had also been part of that case.

What is Colombia’s position?

Unsurprisingly, President Gustavo Petro is firmly against US action in general and particularly in the neighbouring country. In the short term he has sent troops to the border in preparation for a possible surge in refugees. Interestingly, it seems that the Colombian government may have had advance warning, as his security meeting started at 3AM.

Acabamos de terminar consejo de seguridad nacional desde las 3 am.

Se despliega la fuerza pública en la frontera, se despliega toda la fuerza asistencial que dispongamos en caso de entrada masiva de refugiados.

La embajada de Colombia en Venezuela está activa a llamadas de…

— Gustavo Petro (@petrogustavo) January 3, 2026

Petro rejects all US actions that violates the sovereignty of Venezuela and Latin America. He has said already that he will use his position on the UN security council to discuss this matter and search for a solution. In this, he will find support domestically and internationally.

For many in Colombia, and indeed Latin America in general, this brings memories of US interventionism during the Cold War. From helping to topple Allende in Chile, supporting dictatorships across the Southern Cone and the Sandinista affair, there is a long history of meddling in regional politics.

Equally, there is no love for Nicolás Maduro in Colombia. That is shared across the political spectrum for different reasons and comes through solidarity with the Venezuelan people, a dislike of the immigration wave he caused or a fierce disagreement with leftwing politicians in general.

However little sympathy there is for Maduro, that does not equate to support for direct military action from the US in foreign territory. Many Colombians have fears that similar might happen to their country. While that seems unlikely, Donald Trump is at best unpredictable and few would have seen today’s actions coming a year ago.

Colombia is also likely to have strained relations with the incoming administration in Caracas. Petro and many on his side are no fans of Machado, who they see as a classic representative of the Latin rightwing oligarchy.

Petro will be wary of supporting the notion that presidents can be toppled in this manner and regime change forced upon a nation by foreign forces. At the least, he will call for free and fair elections to be held sooner rather than later.

Relations with the USA have significantly deteriorated, for obvious reasons, but Colombia is very much with international feeling on this one, with Trump the pariah. A number of world leaders have issued statements decrying and condemning the US actions. Only Machado, Netanyahu and Argentina’s Milei have departed from the consensus, unsurpisingly.

ELN held a short-lived paro armado in December warning against foreign interference in the region, so it’s entirely likely that they might announce similar measures in the next few weeks. It’s unclear how or if groups such as the gaitanistas may react, given that they were recently declared terrorist organisations by the US State department.

What happens next?

For Colombia, the three biggest fears for the future are the probability of refugees fleeing across the border; the possibility that similar will happen here; the effects on this year’s election. This might have been a relatively quick operation, but its effects will linger for months at bare minimum and likely years.

Venezuela itself will have to work out who is going to replace Maduro in the presidential Palacio Miraflores. That could well be recent Nobel Peace Prize winner María Corina Machado, or could be a general stepping up to lead an interim government while elections are organised.

It could even be a continuation government, refusing to give in after the loss of Maduro and daring further strikes. US Secretary of State Marco Rubio has ruled out further actions for the time being now that Maduro has been captured.

The likelihood of large scale US actions within Colombian territory is very low, despite Trump’s rhetoric that Petro might be next in line. The country has just assumed a position on the UN security council and is a member of NATO. Having said all that, focused operations targeting terrorists are certainly possible and Trump is often hard to predict.

Even smaller, focused operations would be incredibly controversial within Colombia and Petro would be pushed to respond strongly, not only by his own supporters. However, his options are relatively limited. He does not have the firepower to make serious counterattacks and is unlikely to want to do so outside of Colombian territory, for example against carriers in international waters.

Any operation involving boots on the ground within Colombia would be a very different story and the military would be more or less forced to intervene. That would push tensions to boiling point with the White House.

Venezuelan immigrants to Colombia already number around two million or more and this action is likely to see increased travel across the borders. Colombia has sent troops to the border in order to attempt to maintain order. Cities such as Cúcuta in Norte de Santander and Riohacha in La Guajira are already under strain and will struggle to absorb further numbers.

It is entirely possible that serious criminal elements and/or government or armed fores members will try to cross within the chaos, putting added pressure on the Colombian government. They may be destabilising elements and there may be pressure from the US not to harbour who they see as essentially international criminals.

For the upcoming election, candidates are already in a difficult position on this topic and things are likely to get harder. Rightwingers have spent years railing against the Venezuelan regime, but will be aware that most Colombians oppose this action.

The added complication is the possibility of Trump supporting one side or another, even making remarks like he did before the Guatemalan election or even offering financial support as he did in the Argentinian elections.

That will be tricky – being on Trump’s side will alienate enough voters to make victory unachievable, yet coming into office in conflict with the leader of the USA will make governing difficult. Candidates have a fine line to walk in terms of balancing electoral rhetoric with diplomacy.

Then there’s the question of who is in the Palacio Miraflores in Caracas. Hard leftwingers will start off on a bad footing with a Machado government or similar, whereas rightwingers will chime with her politically. If there is a sort of continuity, expect the opposite.

Given the surprise, if not shock, of this morning’s actions, it is hard to predict exactly what will happen next, other than there will be short term chaos at least. Trump, of course, thrives on chaos and has a gift for navigating uncertain times. He described this as a “brilliant operation” but few in the region will be in agreement. After all, he is not the one who has to live with the consequences.

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That was the year that was: Colombia 2025

31 December 2025 at 23:33

As the year winds to an end, the Bogotá Post looks back at 2025 in Colombia

2025 might well be looked back upon in years to come as the calm before the storm. An early sign of the potentially troubled waters ahead was the assassination of Senator Miguel Uribe in early June. Other themes included friction with the US, political deadlock and a sense that much is being put off for next year.

Colombia still welcomes the world, but maybe not the US president. Photo: Emma Whitaker-Pitts

Relations with the USA started badly after Trump was sworn in, as he deported Colombian immigrants in chains on military planes. Petro at first refused to receive the flights, before relenting and allowing them to land but greeting the travellers and treating them with dignity.

From there it got worse, with Petro turning up on the New York streets protesting while on a visit to the UN. Trump in turn has no love for Petro, calling him a bad guy and putting him and his family on the Clinton List, alongside highly controversial longtime advisor Armando Benedetti. It also emerged at that point that Petro had separated from Veronica Alcocer some time ago.

After the US started bombing alleged narco ships in international waters in the Caribbean, things took an even darker turn. Petro, like most world leaders, was highly critical of US operations in the Caribbean, leading Trump to warn that “he could be next”.

Bogotá herself kept on with business as usual, although that’s not always a good sign. Mayor Gálan has little to show at the mid point of his time in the Palacio Liévano. Crime and rubbish are the most visible signs of a city that sometimes feels stuck in place, although the Metro seems to be on track.

Away from the febrile world of Colombian politics, there was plenty going on in cultural fields, from an impressive Copa América run by the superpoderosas to possibly the best festival Cordillera yet in Bogotá.

Violence mars the start of 2026 campaigning

Senator Miguel Uribe was assassinated at the start of his electoral bid in a worrrying reminder of what can happen in Colombian politics. The politician was shot a number of times in the head while making a visit to Modelia and put into intensive care for a month before passing.

Miguel Uribe giving a speech

One shooter, just 15 years of age was shot and captured at the scene by Uribe’s protection. Other suspects and accomplices were relatively quickly captured, although the intellectual author of the crime remains unclear. While social networks have been hothouses of rumours and propaganda, candidates have thankfully so far stayed largely clear of commenting.  

Runners and riders for the presidency have emerged and started the process of thinning the field. The Liberales, Conservadores and Cambio Radical are yet to declare their representatives. However, there are still six candidates for political parties and another 14 who have acquired the requisite 635,000 signatures to run as independents.

Among the latter names there are some big names such as Claudia López, Luis Murillo, Abelardo de Espriella and Vicky Dávila. There’s also a number of seeming no-hopers, but remember that was Rodolfo Hérnandez this time last year and he got to the second round as a semi-protest candidate.

Iván Cepeda is Petro’s successor candidate for Pacto Historico, while the Centro Democrático have plumped for Paloma Valencia. Sergio Fajardo is back in the race again, for Dignidad y Compromiso. That means no place for some high profile heavyweights such as Maria Fernanda Cabal, Susana Muhamed and Gustavo Bolívar.

High-profile roadblocks, change by the back door

One of the constants in Colombian politics in 2025 was that major reforms and were blocked and delayed, yet a few things were snuck in through alternative measures. This was exemplified by Petro declaring economic emergency in a constitutionally dubious manner.

The reforma de salud was sunk again in the springtime, but by mid-year MinSalud had gone ahead with some of the changes anyway. This may well be reversed by an incoming government next year, meaning that EPSs remain somewhat in limbo.

Cómo así que no hay que castigar alcohol cuando más se tiene alcohol en la mercancía, ¿no sabe que es la droga que más produce muerte y daños en los sistemas presupuestales de salud? Menos alcohol en las personas y la sociedad es productivo y beneficioso para la vida. Aquí no se… https://t.co/GFbT4Wx0k5

— Gustavo Petro (@petrogustavo) December 31, 2025
No brindis for Petro tonight then?

Major budget changes are unlikely to get through under anyone, so failing to get this done can’t really be laid at Petro’s door. However, he’s gone ahead with what he can do: enormous hikes in the minimum salary, IVA abolished on certain items, demanding that pension funds divest from foreign investments and repatriate their savings.

Paz Total is looking more and more like Fracaso Total as time ticks on. At best, talks with various groups are going nowhere, while other talks have essentially collapsed. Trump declaring the Gaitanistas a terrorist group has muddied the waters even further. The ELN, Colombia’s largest remaining guerilla force, in particular have intensified operations.

While some of that has underlined the difference between their rhetoric and reality, with December’s paro nacional affecting little of the country, other attacks have been bloody and worrying, with the increased use of drones a dangerous direction of travel.

Economic uncertainty?

Whether the economy is doing well or not and whether that is because or in spite of the government will depend mainly on your fellings towards Petro. It’s a mixed bag with plenty of caveats on both sides. GDP growth has been good and ahead of expectation, with unemployment continuing to fall and inflation slowing. Those new jobs are largely formal, too.  

However, the GDP growth isn’t as fast as it could be, while it’s outperforming regionally, it’s behind the global average. Unemployment is at a low point for the century, but is still mainly informal and the rate of decrease is slowing. It’s hard to guess how the recently announced minimum wage hike to COP$2,000,000 will affect this.

The minimum salary has reached a symbolic COP$2,000,000

Much more worrying is that much of this may be built on sand. While Petro has struggled to get big-ticket bills through the legislature, he’s quietly done things behind the scenes that have ramped up public spending. He’s betting on that being an investment which will keep delivering in the long run. If not, it will be an albatross for future governments.

Inflation remains at 5.3% annually, not calamitous, but stubbornly high. The cost of living, too, is ever-increasing, not helped by uncertainty in global trade routes. Despite all that wind and bluster between Trump and Petro, tariffs remain at the standard 10% for the time being.

Petro finally got his reforma laboral over the line, in some ways a major achievement considering the opposition it faced in the Senate. However, the text of the bill is somewhat underwhelming. For the main part, there are minor changes such as a cap on overtime and night shifts starting two hours earlier as well as solidifying full time contracts as the norm.

The most substantial change is a commitment to make online providers such as Rappi pay social security and workplace risk contributions for their workers. This may find the devil is in the details in terms of bringing it into reality.

Colombia also brought the Bre-B system of instant payments online. This is already having a huge impact in a country where digital payments are widespread and popular. Long term, this provides a base for increasing transparancy and reducing corruption. However, questions remain over the infrastructure underpinning these systems.

Transport no longer stuck in a jam

The Metro columns are popping up along the Caracas

The really big local news has been that the Metro is progressing as planned. This might not seem like big news, but given how long the project spent in planning and the tendency of the president to stick his beak in, it’s just good to see something being done.

The first trains have arrived in the country and are running tests while the towering columns of the track are in place all over the city. Today, that means pain as Transmi stations close and traffic is rerouted, but all is in place for a fully integrated public transport system in the future.

RegioTram is also more or less on schedule, although it will need to be reworked to connect with the Bogotá systems, after it was pointed out that the planned stations are a fair distance away from the trnasmi and Metro. Regardless, connecting satellite towns with the capital is a gamechanging proposal.

Life in the city remains irritating due to continued high crime levels and the seeming refusal of Carlos Fernando Galán to do anything about rubbish on the streets. The best that can be said about Gálan at this point is that he has done little of note, hardly a glowing resumé, given his ambitions coming into office.

Culture vultures

Festival Cordillera is now intertwined with la nevera

The capital saw a celebration of Latino music as Festival Cordillera 2025 confirmed the event’s stature as a lodestone of music in Colombia. With Festival Estéreo Picnic 2025 providing a balance that focuses on anglophone music, the capital is well set. However, with both those festivals in the Parque Bolívar, Rock al Parque is struggling to stay relevant.

Plenty of other bands were touring throughout the year too, with Bogotá increasingly on the map for big-name world superstars. That means enduring the likes of Guns N’ Roses, but also means that rolos can see contemporary stars like Dua Lipa.

Former busker Ed Sheeran popped up on stage as a surprise guest of J Balvin in December, while another Brit unsurprisingly failed to turn up because that’s what Morrissey does these days. Latinos across Instagram responded by trolling the famous vegetarian with meat recipes.

Elsewhere online, Colombian food performed well on a host of dubious internet polls, sparkign waves of reposted joy throughout the year. In more dispiriting news, Club Colombia Negra was discontinued by Bavaria, meaning you have few chances to neck the country’s last widely available dark lager.

For those more interested in staying home, Colombia’s first ever board games convention took place in November. Ludotopia was an undisputed success, attracting the likes of Wingspan artist Ana Maria Martínez (who teased the upcoming expansion for Wingspan South America, Central America and Caribbean) and proving that Bogotá retains a dynamic and evolving cultural scene.

Colombia fall just short again

The women’s football team came into the Copa América on good form and were within seconds of taking the title. With two minutes of regular time to go, Mayra Ramírez put Colombia ahead for the third and seemingly last time at 3:2. Brazilian superstar supersub Marta, in her last tournament, broke Colombian hearts as she rolled back the years with a last gasp equalizer in the sixth minute of injury time.

The drama wasn’t over, as she then put Brazil in front for the first time in extra time before Leicy Santos equalized and took the game to penalties. There, the game slipped through the fingers of the superpoderosas as perma-champions Brazil showed their experience. They took the shoot out 5:4 for their 9th title in ten Copa Américas.

The men’s team, also runners up in their Copa América, ground their way to qualification for next year’s World Cup in North America. Conmebol was a slogfest this time around, with everyone except Argentina involved in taking points off each other and goals in short supply.

Eventually, Colombia found form, only losing a single game in the year and finishing with a goalfest against Venezuela, beating their fierce rivals 6-3 in the last game. That leaves Colombia 13th in the FIFA rankings – unlucky for some maybe, but not coach Nestor Lorenzo.

Santa Fe had a sweet victory over Millos en route to the first title

On the local stage, Santa Fe reclaimed the liga apertura for Bogotá, triumphing in Medellín over Independiente thanks to an inspired performance from Wigan legend Hugo Rodellega. Knocking out Millos and El Tigre Falcao on the way made it even sweeter. Junior of Barranquilla took the finalizácion, with Nacional winning the Copa Colombia. The latter was a Medellín derby and marred by a pitch invasion and violence at the end.

Cricket Colombia hit a six as MinDeportes officially recognised the gentleman’s game as a sport in the country. This opens up the field for more funding and support for events. They also welcomed a visiting team from Trinidad and Tobago as well as setting a T20 record for a last wicket chase in the Gulf Series against México.

What’s coming next?

Next year promises much more drama in Colombia, with national elections set to be hard-fought. This is an unusual cycle, as the country is preparing to see who will succeed a leftist president. Whether there will be continuity, a sharp tack rightwards or a drive for the centre is still anyone’s guess.

The lineups for the capital’s big music festivals seem strong, with a supporting cast of superstars also set to tour. The men’s football team have a relatively straightforward group in the World Cup and will fancy themselves to do well.

Our predictions for 2026 will be coming in the next few days, but whatever comes to pass, we’ll be here to keep you in the loop with what’s happening in Colombia and why. We got some of the 2025 calls right, after all. right Happy new year from the Bogotá Post – your English voice in Colombia!

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Colombian minimum salary rockets

30 December 2025 at 21:52

An extraordinary leap of 23.78% in the Colombian minimum salary per month brings it to a symbolic COP$2,000,000

A wallet with money and cards to illustrate the Colombian minimum salary 2026

Courtesy of Oliver Pritchard
More money in many wallets with the Colombian minimum salary 2026

An unprecedented hike in the Colombian minimum salary for 2026 was announced on Monday 29 December, bringing the rate to two million pesos per month. That represents an increase of 23.78% on the 2025 number. That’s the biggest jump ever – only 1997 comes close in recent years with 21.02%.

The minimum salary itself (SMMLV or Salario Mínimo Mensual Legal Vigente) has gone up to COP$1,750,905. There is also a transport subsidy (COP$249,095) which brings the effective minimum salary in Colombia for 2026 to two million on the nose.

Business leaders had suggested a rise of around 7.21%, keeping it above annual inflation (5.3% as of November), while trade unions and syndicates had called for an optimistic 16%. Both were left in the dust by Petro’s extraordinary decision.

The extraordinary rise is not due directly to inflation, nor to the rising cost of living, but represents a fundamental change in the rationale behind the number. Colombian president Gustavo Petro explained that the minimum salary should be considered a household income, not individual. He calls this salario vital, or salario digno.

Whether the household basis for the minimum salary holds up to scrutiny is hard to say. It certainly was the case, but like most other middle-income countries Colombia is rapidly changing. The idea of a single income supporting a family is less true every year, with Colombian households under 3.5 people on average and with 1.5 workers. That means a true dependency ratio of nearly one to one.

It was calculated by working around the price of a basket of goods for the average family (canasta básica), logged at nearly 3 million pesos for four people. Using that number of 1.5 workers gave the convenient round number of two million.

The minimum salary (not including the transport subsidy) is the baseline number that in turn influences a whole lot of other values in Colombia, such as fines and public salaries which are counted as multiples of the SMMLV. That includes, happily for Congress, politicians’ pay.

What does the increase in the Colombian minimum salary mean for the economy?

Far harder to work out is the long term impact of this rise in the Colombian minimum salary. Petro claims it will further stoke private spending in the country as the increased wages percolate throughout the economy and allow continued growth.

MinTrabajo explain the rise

It will increase labour costs for a number of businesses, especially small companies, some of which will struggle to keep their heads above water with such a sudden rise in payroll. For medium and larger size businesses, this includes mandatory SENA apprentices.

Note that payroll costs for employers will increase by more than the 23.78% headline figure, as they have to make social security payments based on an employee’s wage as well as the wage itself.

Massive firms who are liquid enough to be able to absorb costs will likely be absolutely fine, even if there are a couple of high-profile exceptions. Companies that are dodging the system, either through informal working or false self-employment, will also likely thrive.

Of course, the new reforma laboral promises to regularise and/or eliminate such practices. On paper, that is. In reality, these are the potential counterintuitive effects that could be the legacy of this increase in the Colombian minimum salary.

Colombia saw a sharp downtick in the number of employees on minimum salary this year, while informal work and self-employment has risen to around 55% of the workforce. This trend could continue much more rapidly with companies unwilling to pay the high new Colombian minimum salary.

A further issue is how close the minimum salary is now to the average. This will particularly affect smaller businesses and recent graduates. The former will find it hard to offer salaries that are significantly above minimum to attract quality employees, while the latter will find themselves often close to minimum salary and waiting longer for a return on their studies.

It is worth remembering that both minimum salaries themselves and increases to them are often bitterly opposed the world over and predictions of chaos are frequently sown. In most cases there is short term turbulence followed by long term stability. 

Is this a political power play?

Despite Petro’s official line about household incomes, many will see this as a nakedly political move ahead of next year’s elections. It certainly will play well among the Colombia Humana base and potential voters as a reason to keep faith with the left and cast their vote accordingly next year. 

A more charitable view would be to say that it’s one of the last significant acts that Petro can take before leaving office, so he’s gone big to deliver an achievement. Those have been in short supply over his time in the Palacio Nariño.

What’s undoubtable is that this creates a massive headache for next year. Regardless of who takes power, they won’t be expected to deliver quite such a large rise. However, they will have to be careful how far they go below it.

Any successor to Petro will at least be able to say their allies prepared the ground and maybe get away with a modest increase. An incoming fiscal conservative will be under pressure to deliver another big increase against their natural instincts and take heat for not doing so, while actually cutting the rate would be close to political suicide.

While a lot of candidates in the 2026 election might say that this was a fiscally imprudent move, they will have to be careful how far they push it. Many in Colombia will agree with them, but those same people are also likely benefiting from the increase. 

There are also the optics of a rich politician arguing against the very many voters who are on minimum wage or even those who aspire to earn minimum wage. It’s not a good look to argue against giving stuff to the people whose vote you want.

Short term gains, but long term problems?

So in the end this is a huge play from Petro, which has won him a useful political victory for today. It backs up his rhetoric, as he can easily claim he’s acting on behalf of the workers. There’s plenty of truth in that, as many Colombians work on minimum wage.

It may be a bribe to the electorate, but many will claim that no one else has at least offered them anything like this ever before, so good on him. Going into the 2026 election candidates on Petro’s side will be able to point to this achievement, while opposition candidates face pressure to offer at least something similar or be painted as rich folk denying the poor.

It’s hard to see a short term in which we won’t see a lot of businesses go bankrupt. The longer term is harder to read, as most companies will be unhappy but able to keep going. The effect on public salaries is potentially alarming with the state already running a deficit, unable to achieve fiscal reform and still expanding.

Ironically, it’s entirely possible that the increase in the Colombian minimum salary for 2026 might lead to more informality and less dynamism in the economy. However, it’s also completely believable that the economy is resilient enough to handle it with ease. This may be Petro’s biggest gamble yet and even he doesn’t know how it’ll play out. 

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