"Guyana's President Irfaan Ali has been re-elected for a second term, according to the country's electoral body, after a vote that gave his party a mandate to manage the South American nation's newfound oil riches amid a territorial dispute with Venezuela. The Guyana Elections Commission (GECOM) said in a statement released late on Sunday night that Ali's People's Progressive Party/Civic (PPP/C) had won the general election, held on September 1, securing 55 percent of the 65-seat parliament."
"Ali's re-election comes after the country of 800,000 people reaped a $7.5bn windfall from oil sales and royalties since ExxonMobil started pumping offshore oil in late 2019, making Guyana one of the world's fastest-growing economies. Ali's government, which took power in 2020, has funnelled oil revenue into building roads, schools and hospitals, and made studying at the state university free. But he now faces a diplomatic challenge as he navigates the country's territorial dispute with Venezuela."
Irfaan Ali was re-elected as Guyana's president and his People's Progressive Party/Civic secured 55 percent of the 65-seat parliament. Guyana has gained roughly $7.5 billion from oil sales and royalties since ExxonMobil began offshore production in late 2019, making it one of the world's fastest-growing economies. Ali's government, in power since 2020, has directed oil revenue into roads, schools and hospitals and made state university tuition free. Ali faces diplomatic pressure over a territorial dispute with Venezuela and the political task of ensuring oil wealth benefits a population where more than half still live in poverty. Indian Prime Minister Narendra Modi and the British Embassy publicly congratulated Ali. Ali's main rival was Azruddin Mohamed.
Read at www.aljazeera.com
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