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World’s newest petrostate heads for ‘mother of all elections’

South American nation of Guyana prepares to decide on how to spend newfound oil billions in momentous vote

As many world leaders struggle to rein in ballooning debt burdens, the small South American nation of Guyana is facing a rather different quandary: how to spend billions of dollars of revenue from a nascent oil boom.

Voters in a country long divided by ethnic groups are set to answer that question in presidential and parliamentary elections on September 1.

President Irfaan Ali is offering a second term of heavy infrastructure spending and boosting the private sector, the traditional opposition is focused on welfare, while the son of one of Guyana’s richest people is promising economic populism and inter-ethnic unity.

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