The China Mail - Guyana's President Irfaan Ali: oil industry 'puppet' or visionary?

USD -
AED 3.673042
AFN 63.503991
ALL 81.175041
AMD 376.940403
ANG 1.789731
AOA 917.000367
ARS 1399.273604
AUD 1.413527
AWG 1.8
AZN 1.70397
BAM 1.64926
BBD 2.014277
BDT 122.307345
BGN 1.647646
BHD 0.377044
BIF 2965
BMD 1
BND 1.264067
BOB 6.911004
BRL 5.224604
BSD 1.000055
BTN 90.587789
BWP 13.189806
BYN 2.866094
BYR 19600
BZD 2.011317
CAD 1.360455
CDF 2255.000362
CHF 0.768041
CLF 0.021856
CLP 863.010396
CNY 6.90865
CNH 6.90166
COP 3666.71
CRC 485.052916
CUC 1
CUP 26.5
CVE 93.303894
CZK 20.43705
DJF 177.720393
DKK 6.29257
DOP 62.27504
DZD 129.602405
EGP 46.855504
ERN 15
ETB 155.303874
EUR 0.842204
FJD 2.209504
FKP 0.733683
GBP 0.732695
GEL 2.690391
GGP 0.733683
GHS 11.01504
GIP 0.733683
GMD 73.503851
GNF 8780.000355
GTQ 7.67035
GYD 209.236037
HKD 7.81755
HNL 26.503838
HRK 6.343704
HTG 131.126252
HUF 319.54204
IDR 16845
ILS 3.09073
IMP 0.733683
INR 90.57735
IQD 1310.5
IRR 42125.000158
ISK 122.120386
JEP 0.733683
JMD 156.510227
JOD 0.70904
JPY 152.822504
KES 129.000351
KGS 87.450384
KHR 4022.00035
KMF 415.00035
KPW 899.945229
KRW 1442.810383
KWD 0.30662
KYD 0.833418
KZT 494.893958
LAK 21445.000349
LBP 89550.000349
LKR 309.225755
LRD 186.403772
LSL 15.945039
LTL 2.95274
LVL 0.60489
LYD 6.305039
MAD 9.147039
MDL 16.981212
MGA 4405.000347
MKD 51.92021
MMK 2099.574581
MNT 3581.569872
MOP 8.053972
MRU 39.903743
MUR 45.910378
MVR 15.450378
MWK 1736.503736
MXN 17.166385
MYR 3.907504
MZN 63.903729
NAD 15.960377
NGN 1352.980377
NIO 36.703722
NOK 9.49682
NPR 144.93218
NZD 1.654715
OMR 0.384502
PAB 1.000148
PEN 3.354504
PGK 4.29275
PHP 57.903704
PKR 279.550374
PLN 3.54652
PYG 6558.925341
QAR 3.64125
RON 4.290604
RSD 98.876038
RUB 76.652547
RWF 1456
SAR 3.750021
SBD 8.038668
SCR 13.579971
SDG 601.503676
SEK 8.925104
SGD 1.262045
SHP 0.750259
SLE 24.450371
SLL 20969.49935
SOS 571.503662
SRD 37.754038
STD 20697.981008
STN 20.8
SVC 8.750574
SYP 11059.574895
SZL 15.940369
THB 31.070369
TJS 9.435908
TMT 3.5
TND 2.840368
TOP 2.40776
TRY 43.729404
TTD 6.78838
TWD 31.377304
TZS 2600.000335
UAH 43.128434
UGX 3540.03196
UYU 38.554298
UZS 12295.000334
VES 392.73007
VND 25970
VUV 119.325081
WST 2.701986
XAF 553.151102
XAG 0.012818
XAU 0.000199
XCD 2.70255
XCG 1.802336
XDR 0.687473
XOF 552.503593
XPF 100.950363
YER 238.350363
ZAR 15.946037
ZMK 9001.203584
ZMW 18.176912
ZWL 321.999592
  • RIO

    0.2850

    98.195

    +0.29%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • NGG

    1.6500

    92.87

    +1.78%

  • CMSC

    0.0900

    23.79

    +0.38%

  • GSK

    0.5400

    59.08

    +0.91%

  • BTI

    -0.9150

    59.695

    -1.53%

  • BP

    0.4350

    37.625

    +1.16%

  • RELX

    2.1550

    30.965

    +6.96%

  • AZN

    0.0900

    204.61

    +0.04%

  • RYCEF

    0.6300

    17.5

    +3.6%

  • BCE

    0.0300

    25.86

    +0.12%

  • JRI

    0.0336

    13.0601

    +0.26%

  • CMSD

    0.1379

    23.7132

    +0.58%

  • BCC

    -0.7100

    87.35

    -0.81%

  • VOD

    -0.1000

    15.52

    -0.64%

Guyana's President Irfaan Ali: oil industry 'puppet' or visionary?
Guyana's President Irfaan Ali: oil industry 'puppet' or visionary? / Photo: © POOL/AFP

Guyana's President Irfaan Ali: oil industry 'puppet' or visionary?

Irfaan Ali, in office since 2020, is the first Guyanese leader to benefit from the South American country's massive oil reserves, which he leveraged to claim a second presidential term.

Text size:

Guyana was recently found to have the biggest known crude reserves per capita in the world, and the state budget has quadrupled to $6.7 billion since production began in 2019.

It has allowed Ali to boost spending on infrastructure and social programs, and to campaign on promises to "put more money in your pocket."

At the age of 45, he claimed a second five-year term Wednesday before official results from Monday's election were published.

Venezuela's President Nicolas Maduro calls Ali "a puppet of ExxonMobil," the main oil operator in English-speaking Guyana -- a former British and Dutch colony.

Undeterred, Ali has pressed on with promises of development that will benefit all Guyanese -- among the poorest of Latin Americans.

"We have delivered. You can trust us," he repeated on the campaign trail, pointing to numerous infrastructure projects, tax cuts and expanded social programs.

His detractors accuse Ali of window-dressing and "ribbon-cutting."

- Defender of Essequibo -

From a Muslim background and Indian origins like the majority of Guyana's population, Ali was born to a couple of teachers on April 25, 1980, in a village on the opposite bank of the Demerara River from the capital Georgetown.

He studied in Britain and Jamaica, earning a doctorate in urban planning and regional development.

Ali was first elected to parliament in 2006, serving later in several ministerial positions in governments led by his center-left People's Progressive Party.

It is widely believed he was handpicked as the candidate for 2020 elections by the party's general secretary Bharrat Jagdeo -- himself a former president and still considered by many to be Guyana's most powerful man.

Ali is married, has two children, and likes to point to the bright future that oil revenues can bring for the country's young generation.

Ambitiously, he seeks to achieve this while also protecting the rainforest that covers 95 percent of Guyana and serves as a source of income through carbon credits.

On the international stage, Ali has positioned himself as a staunch defender of the oil-rich Essequibo region administered by Guyana but claimed by neighbor Venezuela in an ever-escalating territorial row.

Essequibo holds much of the oil on which Guyana is planning a more glorious future.

Ali has stood firm in the face of repeated Venezuelan threats to Essequibo, winning him the backing of many compatriots.

"We will continue to seek diplomatic solutions, but we will not tolerate threats to our territorial integrity," he vowed in March.

The territorial dispute is pending before the International Court of Justice in The Hague.

Ali has embraced closer defense cooperation with the United States, and earned Caracas's ire by welcoming a recent deployment of US warships in the Caribbean in an anti-drug operation Washington linked to a cartel it said was controlled by Maduro.

Ali's administration has been accused of corruption by the opposition, and observers from the European Union and US-based Carter Center pointed to state resources being used for campaigning in Guyana's latest election, which gave the ruling party an unfair advantage.

S.Wilson--ThChM