BRASILIA, Brazil, CMC – Venezuela has reiterated its place concerning the possession of the Essequibo Area in Guyana, saying that nothing must be finished there till the 2 nations settle the border dispute
“Any initiative involving that space ought to keep away from assuming a settled territorial standing and will respect the existence of an ongoing controversy,” Venezuela’s Vice Overseas Affairs Minister for the Caribbean, Raúl Licausi, advised a panel dialogue right here as a part of the fifty fifth Annual Assembly of the Barbados-based Caribbean Growth Financial institution (CDB).
Venezuela is a non-borrowing member of the area’s premier monetary establishment, and Licausi objected to references being made to infrastructure tasks which may cross by way of the Essequibo Area, which is dwelling to 125,000 of Guyana’s 800,000 residents. Additionally it is situated near large offshore oil deposits, with present manufacturing averaging some 650,000 barrels per day.
Talking in the course of the panel dialogue on the subject “Enhancing Bodily Connectivity between Brazil and the Caribbean,” Licausi, who was sitting among the many viewers, stated, “I have to respectfully specific concern, and a extra formal objection is that the Guiana island hall or route proven within the presentation crosses the territory of the Essequibo which is topic to a longstanding and unresolved territorial dispute between Venezuela and Guyana.
“Any initiative involving that space ought to keep away from assuming a settled territorial standing and will respect the existence of an ongoing controversy,” he stated, insisting, nevertheless, that the South American nation strongly helps regional integration and connectivity, including that his nation would even wish to be “engaged” in most of these initiatives.
However the Head of the Undertaking Cycle Administration Division of Guyana’s Ministry of Finance, Tarachand Balgobin, who spoke instantly after Licausi, advised the viewers, “It is a fascinating dialog, and I’m sorry that it has been dampened a bit bit.
“I’m from Guyana, and I’m not intentioned to boost diplomatic points at this discussion board,” he stated, referring to 2 vital projects- the Linden-Lethem Street and a railway system that might be operating parallel to that highway– that might be passing by way of the Essequibo county.
He additionally famous that the earlier Brazilian administration of President Luis Inacio ‘Lula’ Da Silva had constructed the Bon Fim-Lethem bridge throughout the Takatu River and has since made “very clearly and identifiable” bulletins in regards to the Linden-Lethem hall.
“The Guyana Defend has all the time been a part of the IIRSA (Initiative for the Integration of the Regional Infrastructure of South America) improvement agenda, and we’re pursuing that relentlessly, and it’s taking place,” he stated.

The CDB, with grant financing from the UK, is developing the Linden-Mabura highway, leaving one other 300 to 400 kilometers to finish the hyperlink to Lethem. He said that feasibility research and an analysis of site visitors from northern Brazil had been accomplished.
Balgobin stated that whereas the hall would initially feed cargo by way of Port Georgetown, the plan is to finally transfer provides to a deep-water harbor and container port within the Berbice River.
Licausi advised the viewers that the border dispute with Guyana “should be addressed throughout the framework of the Geneva Settlement to achieve a sensible and mutually passable answer.”
In 2023, Caracas claimed that greater than half of eligible Venezuelan voters had taken half in a referendum that yielded overwhelming help for laying declare to the Essequibo.
Nonetheless, Guyana has additionally said that the Worldwide Court docket of Justice (ICJ), in its order dated December 1, 2023, directed Venezuela to chorus from any actions that might modify the state of affairs prevailing within the disputed territory, which is at the moment administered by Guyana.
The 2 nations are earlier than the ICJ regarding the Arbitral Award of October 3, 1899 … which is pending earlier than it.
The case, which Guyana filed in March 2018, seeks the courtroom’s resolution on the validity of the Arbitral Award, which lastly decided the land boundary between the 2 nations. The courtroom has already dominated that it has jurisdiction over the controversy and can resolve the difficulty on the deserves of the case.