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Colombia finance minister resigns amid corruption probe

Colombia's Finance Minister Ricardo Bonilla faces fresh accusations in a corruption scandal amid a fiscal crisis, complicating matters for President Gustavo Petro.
Bonilla has one month to gain approval for an urgent tax increase of 12 trillion pesos to address a budget shortfall of $2.7 billion.
Lawmakers from the Green Alliance and Radical Change party demand Bonilla's resignation, questioning his legitimacy to promote funding laws.

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The American Conservative

Corruption Scandals Threaten Petro’s Plans for Colombia

Foreign Affairs Corruption Scandals Threaten Petro’s Plans for Colombia An expanding maelstrom of scandal threatens to sink Petro’s administration. One of the keystones of the Colombian president Gustavo Petro’s political programs is at risk of failure as scandal engulfs his administration. Petro’s left-wing movement came to power promising a more equitable distribution of wealth to the citizenry and particularly to the more neglected rural …

3 months ago

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telesurtv.net

Colombian President Appoints New Minister of Finance

Guevara is aware of all actions the government has taken to deal with foreign and domestic debt. Colombian President Gustavo Petro requested the resignation of his Finance Minister, Ricardo Bonilla, who is under investigation for alleged millionaire embezzlements committed for more than a decade. READ ALSO: They ratify in Colombia convictions against two former Uribismo officials for illegal listening The announcement of the dismissal was accomp…

3 months ago

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Punch Newspapers

Colombia's finance minister resigns amid bribery allegations

Colombian Finance Minister, Ricardo Bonilla, resigned at the request of President Gustavo Petro after accusations that he turned a blind eye to the bribery of parliamentarians.

3 months ago

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The Rio Times

Water Tanker Scandal Forces Colombian Minister Out

The resignation of Colombia’s Finance Minister Ricardo Bonilla on December 4, 2024, reveals deeper issues within President Gustavo Petro’s administration. The scandal started with water tankers worth $10.5 million meant for La Guajira’s drought-stricken communities. President Petro quickly named Diego Guevara, a university professor and former vice minister, as Bonilla’s replacement. The change marks the […]

3 months ago·Brazil

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El Pais

Ricardo Bonilla’s noisy departure hits the heart of Petro’s political project

Ricardo Bonilla was not just an economist for Gustavo Petro: he was a central figure in his political project. The 75-year-old academic, to whom the president has asked Wednesday to resign as his finance minister, was one of the few officials that Petro fully trusted. He was his secretary of finance as mayor of Bogotá, with whom he shares the vision of managing public finances.

3 months ago·Spain

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