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 re

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