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Guyanese parliament brings down government, triggering elections
Source: Reuters
WORLD NEWS DECEMBER 22, 2018 / 2:01 PM / UPDATED 22 MINUTES AGO
Guyanese parliament brings down government, triggering elections
Neil Marks
2 MIN READ
GEORGETOWN (Reuters) - Guyana’s parliament voted late on Friday in favor of a no-confidence motion in the government, triggering new elections in March in a surprise defeat for President David Granger as he seeks to develop the nation’s oil sector.
One lawmaker defected from Granger’s APNU-AFC coalition, which had a one-seat majority, and sided with an opposition-led motion to cut short his term that would have ended in 2020. The Guyanese parliament had never before called a no-confidence vote.
The opposition called the no-confidence motion claiming mismanagement of the country’s oil resources.
The South American nation, with no history of oil production, has become one of the world’s most closely watched oil basins after Exxon Mobil discovered more than 4 billion barrels of oil in recent years
-snip-
The opposition accused the government of taking a bad deal with Exxon, saying it had a chance to renegotiate the contract once oil was discovered but that it acceded to Exxon’s “maximum demands.”
-snip-
Guyanese parliament brings down government, triggering elections
Neil Marks
2 MIN READ
GEORGETOWN (Reuters) - Guyana’s parliament voted late on Friday in favor of a no-confidence motion in the government, triggering new elections in March in a surprise defeat for President David Granger as he seeks to develop the nation’s oil sector.
One lawmaker defected from Granger’s APNU-AFC coalition, which had a one-seat majority, and sided with an opposition-led motion to cut short his term that would have ended in 2020. The Guyanese parliament had never before called a no-confidence vote.
The opposition called the no-confidence motion claiming mismanagement of the country’s oil resources.
The South American nation, with no history of oil production, has become one of the world’s most closely watched oil basins after Exxon Mobil discovered more than 4 billion barrels of oil in recent years
-snip-
The opposition accused the government of taking a bad deal with Exxon, saying it had a chance to renegotiate the contract once oil was discovered but that it acceded to Exxon’s “maximum demands.”
-snip-
Read more: https://www.reuters.com/article/us-guyana-politics/guyanese-parliament-brings-down-government-triggering-elections-idUSKCN1OL0LR