Guyana’s Oil Boom & Ali’s Second Term
Guyana’s President Irfaan Ali won re‑election and took office for a second five‑year term on Sunday. His victory came after last week’s elections as the country enjoys a surge in oil and gas revenue.
The electoral commission certified Ali’s win on Saturday. His party, the People’s Progressive Party (PPP), now holds 36 of 65 seats in Parliament.
Rich Resources, Rising Tensions
Guyana lies between Brazil, Venezuela, and Suriname. It gained worldwide attention after discovering vast offshore oil reserves a decade ago.
The Essequibo region remains a point of tension. Venezuela claims it, but Guyana administers it.
Immediate Promises from Ali
Ali pledged to use oil revenue to benefit citizens. He promised to expand the economy quickly and keep social programs going. Among his initiatives: free college tuition this month, halved electricity bills by next year, and more than doubling pensions for people over 65.
His administration has begun new construction. They are building hospitals and highways. Ali also plans to raise the monthly minimum wage.
Opposition & Election Dynamics
Ali’s main opponent, Azruddin Mohamed, is a 38‑year‑old businessman. The U.S. Treasury Department sanctioned him and his company for alleged corruption.
Voters are paying attention. Young people especially are unhappy with the status quo. They cite concerns over immigration, crime, overseas aid, and green subsidies. They want change.
International Backing
The U.S. State Department congratulated Ali on his win. It said it looks forward to working with his government on energy security, the country’s sovereignty, and resolving disputes over Essequibo region.
