Iván Cepeda, representing the Historic Pact coalition, has conceded defeat to Abelardo de la Espriella in Colombia’s presidential runoff election held on Sunday. Cepeda formally acknowledged the official results, marking the end of his campaign. Despite the loss, Cepeda announced his intention to lead rigorous oversight and opposition to the incoming administration from within the Parliament. He emphasized a commitment to holding the new government accountable. This concession signals a peaceful transfer of power following a closely watched election. The Historic Pact will now transition to its role as a key opposition force in the Colombian political landscape. The official results confirm De La Espriella’s victory and his upcoming inauguration as President.