Colombia's De la Espriella Wins Razor-Thin Election, Vows to Revive Collapsing Oil and Gas Industry
Abelardo de la Espriella narrowly defeated left-wing senator Ivan Cepeda in a recount certified by Colombia's National Electoral Council, and now inherits an oil sector that's produced barely 725,000 barrels a day, down from over 915,000 a decade ago. His fix: fiscal austerity, a former Duque-era finance minister as VP, and a push for 7% GDP growth. Whether that plan survives contact with Colombia's fiscal deficit and political backlash is the real question.