Colombia votes in polarized presidential runoff with crypto policy, US relations, and drug war at stake

 

Colombians headed to the polls on June 21 in a pivotal presidential runoff election that has pitted
two candidates with sharply contrasting visions for the country's future. The outcome could have far-reaching
implications for Colombia's economic policy, trade relations, drug enforcement strategy, and its relationship
with the United States. Beyond the traditional political issues, the election is also being closely watched by
the digital finance sector, with Colombia having processed an estimated $6.7 billion in cryptocurrency
transactions in 2024. To unpack what is at stake and what the results could mean for Colombia and the
broader region, Kefentse Mkhari is in conversation with Luis Carlos Reyes, economist and former Minister
of Commerce, Industry and Tourism of Colombia.