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Colombia’s finance minister ousted by leftist president

Gustavo Petro reshuffles his cabinet amid loss of majority in congress as he struggles to advance legislative agenda

Colombia’s leftist president Gustavo Petro has ousted moderate finance minister José Antonio Ocampo after his governing coalition broke down amid disputes over radical plans for reform.

Ocampo, widely viewed by investors as a brake on the president’s most radical impulses, will be replaced by Ricardo Bonilla, who served under Petro when he was mayor of Bogotá.

“Today we build a new cabinet that will help consolidate the government programme,” Petro said in a statement on Twitter on Wednesday.

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