Latest news with #oilwealth
South China Morning Post
25-05-2025
- Politics
- South China Morning Post
Suriname begins vote for government to steer new-found oil wealth
Voting began on Sunday in Surinamese parliamentary elections that will determine who will harness new-found oil wealth to carry out a rags-to-riches transformation of the smallest country in South America. Advertisement The tiny nation – which has growing ties to China – is battling high debt, rampant inflation and poverty affecting nearly one in five of its 600,000 inhabitants. But recent offshore crude discoveries suggest this may all be about to change. On Sunday, Surinamese began electing a new parliament of 51 members, who within weeks must choose a new president and vice-president for a five-year term to manage that wealth. 'It will be a huge amount of income for the country,' incumbent President Chan Santokhi told Agence France-Presse this week. 'We are now able … to do more for our people so that everyone can be part of the growth of the nation.' Advertisement Wearing a polo shirt in the orange colour of his party under his jacket, the former policeman and justice minister voted with his wife on the outskirts of Paramaribo and asked his fellow citizens to give him 'the mandate to finish our task'.
Bloomberg
23-05-2025
- Politics
- Bloomberg
Fate of Oil Riches at Stake in Suriname Presidential Election
Suriname is heading to the polls in an election that will help shape how the South American country adapts to its newfound oil wealth. President Chandrikapersad Santokhi is seeking a second five-year term on Sunday against four other candidates. But it's shaping up to be a two-way battle between the incumbent Progressive Reform Party and the left-leaning National Democratic Party, led by Jennifer Geerlings-Simons.
Bloomberg
23-05-2025
- Politics
- Bloomberg
Suriname Elects New President to Navigate Its Impending Oil Boom
Suriname is heading to the polls in an election that will help shape how the South American country adapts to its newfound oil wealth. President Chandrikapersad Santokhi is seeking a second five-year term on Sunday against four other candidates. But it's shaping up to be a two-way battle between the incumbent Progressive Reform Party and the left-leaning National Democratic Party, led by Jennifer Geerlings-Simons.
