Gustavo Petro’s single four-year term as Colombia’s president ends constitutionally on August 7, 2026, after the May 31 first-round and June 21 runoff elections that will install his successor. Recent pressure includes a June 10 proposal by the House Commission of Investigation and Accusation chair to suspend him temporarily until the runoff over alleged campaign interference, though the measure has not taken effect and Petro remains in office. Earlier scandals, cabinet turnover, fiscal strains, and tensions with the United States contributed to low approval ratings through much of 2025, while legislative resistance limited major reforms. These factors shape trader views on early removal probabilities, with the scheduled transition and procedural hurdles forming the main constraints on abrupt changes before the inauguration.