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Colombia braces for historic change with Petro as president

Colombia is bracing for the prospect of a radical change in economic and political direction after electing a former guerrilla to the presidency on a platform of transforming the country’s business-friendly model.
Gustavo Petro, 62, defeated construction magnate Rodolfo Hernandez in Sunday’s runoff vote, giving him a shot at enacting a program that includes plans to tax big landowners, halt the awarding of oil exploration licenses and revive ties with the socialist government of neighboring Venezuela.
“It’s historic,” said Silvana Amaya, an analyst at Control Risks consultancy in Bogota. “Colombia has traditionally voted very conservative. This marks a big change, a move ....

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