Guyana's President Ali Sworn In, Pledges Economic Diversification

President Irfaan Ali took the oath of office for his second term as Guyana's leader on Sunday, following the electoral commission's formal ratification of his victory in the recent elections.

Strengthened Parliamentary Majority

The People's Progressive Party/Civic (PPP/C) secured 36 seats, marking an increase of three seats from their previous position. This expanded majority strengthens Ali's mandate to implement his economic vision for the nation.

Distribution of Parliamentary Seats

In what observers noted as one of Guyana's most peaceful electoral processes, the final results showed:

• People's Progressive Party/Civic: 36 seats
• We Invest in Nationhood party: 16 seats
• A Partnership for National Unity: 12 seats
• Forward Guyana Movement: 1 seat

Economic Vision and Oil Sector Development

During his inauguration speech, President Ali outlined his commitment to building a diversified economy that extends beyond oil revenues. His administration's track record since 2020 includes significant investments in infrastructure, education, and healthcare, notably making state university education free.

"Our oil and gas sector will continue to grow, expanding production and revenue for our people," Ali declared, adding, "We'll press forward with new exploration on a stronger production sharing agreement, ensuring that the benefits are greater, the gains are wider, and the wealth is truly for the people."

Future Economic Strategy

The president's vision encompasses:

• Enhanced oil sector management with improved production sharing agreements
• Continued investment in social programs and infrastructure
• Focus on job creation and income growth
• Economic diversification beyond oil revenues