Petro Fires Droves of Investor-Friendly Technocrats in Colombia.

Colombian President Gustavo Petro's efforts to bring about radical change in the country's economic model have led to a personnel crisis, with many cabinet ministers and technocrats leaving their positions due to clashes with the president. Petro, the country's first leftist leader, is losing popularity and replacing long-serving officials with loyalists, resulting in a loss of institutional knowledge and capacity. This has raised concerns among investors, credit rating agencies, and international organizations. Petro's government has also made significant changes to experience and education requirements for executive positions in key public institutions, leading to high turnover in various ministries. [Extracted from the article]

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