Colombian economic and political landscape faces external and internal pressures

Colombia is navigating complex economic challenges driven by international factors, specifically involving the United States. Tensions between Washington and Iran have pushed oil prices to levels not seen since 2022. While high oil prices benefit Colombia as a major exporter, they simultaneously increase domestic gasoline costs, contributing to inflation, which recently reached 6.29%—more than double the central bank's target.

Furthermore, interest rate decisions by the U.S. Federal Reserve impact the Colombian economy. Recent rate hikes in the U.S. have caused capital to migrate toward the United States, strengthening the dollar and increasing the cost of imports, which further fuels local inflation.

On the domestic political front, various academics and political figures identifying with the 'Political Center' have released five manifestos. These documents aim to distance the sector from the ideological extremes of the left and right. The manifestos call for national agreements to reduce polarization, respect for electoral authorities, and adherence to the 1991 Constitution. They also urge candidates to prioritize security, anti-drug policy, human rights, and fiscal responsibility.