Far-right lawyer Abelardo De La Espriella has clinched a narrow victory in Colombia’s presidential run-off election, according to initial ballot counts released early Monday.

De La Espriella secured 49.7 percent of the vote compared to his left-wing opponent Senator Ivan Cepeda’s 48.70 percent, with nearly all results tallied by electoral authorities. This outcome marks a significant shift for Colombia, potentially signaling a return to right-wing governance after four years under its first-ever leftist president.

The close race saw De La Espriella, who has no prior political experience, pledge to address the country's economic and security issues, advocating for a boost in the oil and gas sector and tax reductions. He also indicated a stance against continuing peace talks with rebel groups. Cepeda, 63, had campaigned on maintaining the policies of outgoing President Gustavo Petro, including social programs and ongoing peace negotiations.

De La Espriella's win is expected to lead to policy changes, including a potential halt to peace talks with armed groups and a focus on resource extraction. However, the razor-thin margin of victory suggests he will need to navigate a divided Congress, potentially requiring him to moderate some of his more stringent proposals.

Supporters of De La Espriella gathered in Barranquilla to celebrate his victory, expressing a desire for change after what they described as "four lost years." The lawyer himself addressed the crowd, stating his intention to govern for all Colombians and acknowledging a congratulatory call from U.S. President Donald Trump. De La Espriella holds dual citizenship with the United States and Italy.

Historically, Colombia has been governed by the right wing for most of its existence, with this election representing a return to that tradition. Despite his victory, De La Espriella faces the challenge of managing high public debt. Reports from local outlet La Silla Vacía have raised questions about the financial health of many of his dissolved or indebted businesses.

Major business organizations and residents in upper- and middle-class neighborhoods in Bogota and Medellin have congratulated De La Espriella. The election saw a significant turnout, with over 26.3 million Colombians casting ballots.

The close nature of the election and the slim majority indicate potential challenges ahead for De La Espriella's administration as he seeks to implement his agenda and unite a politically divided nation.