# Colombia's Petro surprises with new finance minister in Cabinet reshuffle

> Petro asked his cabinet to resign after a health reform debate in Congress failed for lack of quorum, and he then replaced Finance Minister Jose Antonio Ocampo with Ricardo Bonilla. The reshuffle followed the loss of his majority coalition in Congress.

- Date: 2023-04-26 · published 2023-04-26T12:00:00.000Z
- Category: policy · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/36710-colombia-s-petro-surprises-with-new-finance-minister-in-cabinet-reshuffle
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Cabinet turmoil weakened the peso, stock market and domestic bonds, which affects the cost of dollar-priced imports for Colombian feed buyers. Analysts said a smaller coalition could mean less radical reforms and more stability over time.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/americas/colombias-petro-names-new-finance-minister-cabinet-reshuffle-2023-04-26/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.