Ex-rebel to take oath as Colombia's next president in historic shift
Sen. Gustavo Petro, a former member of Colombia's M-19 guerrilla group, won the presidential election in June by beating conservative parties that offered moderate changes to the market-friendly economy, but failed to connect with voters frustrated by rising poverty and violence against human rights leaders and environmental groups in rural areas.
A 2016 peace deal between Colombia's government and the Revolutionary Armed Forces of Colombia turned much of the focus of voters away from the violent conflicts playing out in rural areas and gave prominence to problems like poverty and corruption, fueling the popularity of leftist parties in national elections.
The incoming president has said Colombia will stop granting new licenses for oil exploration and will ban fracking projects, even though the oil industry makes up almost 50% of the nation's legal exports. He plans to finance social spending with a $10 billion a year tax reform that would boost taxes on the rich and do away with corporate tax breaks.
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