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Irfaan Ali declared Guyana's President, ending stalemate

Luis Acosta/AFP

Irfaan Ali, Guyana Opposition Candidate Declared President

- Irfaan Ali named winner by nation's electoral commission
- Oil-rich country had been in standstill since March vote

By Ezra Fieser/Bloomberg

BOGOTA
Petroleumworld 08 03 2020

Guyana's electoral authorities declared opposition candidate Irfaan Ali president Sunday, ending a five-month impasse over who will control the fast-growing South American economy and its massive offshore oil find.

Electoral commission chair, retired Justice Claudette Singh said Ali, who represents the People's Progressive Party, had won the March vote over incumbent David Granger. Ali was sworn in later in the day, Stabroek News reported on its website.

The decision comes after a series of legal battles and competing claims by the candidates over the disputed election. A recount had showed Ali beating Granger, and foreign governments, including the U.S., U.K, Canada and the European Union said the country risked international isolation if it didn't swear in a legitimate government. Those ambassadors congratulated Ali on Sunday and said they “look forward” to working with him, according to a joint statement .

The English-speaking country became a global oil hot-spot after Exxon Mobil Corp. successfully drilled the offshore reserve in 2015. The windfall is expected to transform the country of 780,000, with the economy forecast to expand 53% this year, according to the International Monetary Fund.

Reporting by Ezra Fieser from Bloomberg.

bloomberg.com
08 02 2020

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