Colombia’s President Replaces Market-pleasant Finance Minister in cabinet Reshuffle

April 26, 2023 7:03 pm ET

BOGOTÁ, Colombia—Colombian President Gustavo Petro, a leftist who has pressed for broadscale social reforms in eight months in workplace, replaced his market-pleasant finance minister on Wednesday amid the breakup of his congressional coalition.

José Antonio Ocampo, a Columbia university professor who became viewed by the markets as a stabilizing drive, become replaced as finance minister in a cabinet shuffle that noticed seven ministers ousted. The shake-up weakened the long-battered Colombian peso and sent bonds tumbling.

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