Colombia finance ministry says has no information as media reports minister to leave

Colombia’s Finance Minister Diego Guevara is reportedly resigning after budget disputes with President Gustavo Petro, local media say. The finance ministry denies having official information, but sources claim he stepped down Monday night, with German Avila Plaza expected to replace him.

Colombia's Finance Minister, Diego Guevara, is set to leave his role amid disagreements with President Gustavo Petro, local radio station Caracol reported on Tuesday, though the finance ministry said it had no information to that effect.

The finance ministry said in a statement that "at this time it does not have official information about the reported situation," but that it would communicate official news.

Guevara has been in his role just over three months, after previously serving as finance vice minister.

A source from the presidential palace said Petro - who recently replaced 12 of his top ministers - and Guevara disagreed over budget cuts and Guevara resigned on Monday night.

A source from Petro's office said, however, they did not have confirmation of the change and Guevara was still acting in his role.

The Colombian peso was down 1.38% in early trades, falling to 4,130 per dollar.

Caracol also reported that Guevara would be replaced by Grupo Bicentenario head German Avila Plazas.

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