Colombia Votes for President to Build on Uribe Legacy
May 30 (Bloomberg) -- Colombians started voting today in the first round of a presidential election that’s too close to call as the frontrunners seek to build on Alvaro Uribe’s success boosting investment and beating back drug-funded rebels.
Polls show Uribe’s former Defense Minister Juan Manuel Santos and Antanas Mockus, the former mayor of Bogota, in a statistical tie among a field of nine candidates seeking to succeed Uribe after two terms that brought record economic growth. If neither candidate wins a majority of votes a runoff will be held June 20.
Mockus, who won 1 percent in the 2006 election, has capitalized on voter concerns over the weak job market and corruption to erode a lead for Santos that stood at 24 percentage points in March. Both frontrunners are considered investor friendly and unlikely to stray from Uribe’s policies that are credited with fueling a 10-fold rise in the IGBC stock index since 2002, said Julian Cardenas, chief economist at Bogota-based brokerage Corredores Asociados SA...
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