• UGI USER
  • Dec 06, 2023
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ESSEQUIBO REGION

Why in the News?

  • Venezuela’s decision to hold a referendum on sovereignty over the disputed Essequibo region with Guyana intensifies historical disputes.
  • With over 95% voter support for Venezuela’s claim, concerns arise about potential border escalation.
Source: AL Jazeera

 Historical Border Dispute:

  • Venezuela maintains longstanding claims over Essequibo, dating back to colonial-era border delineation.
  • The 1966 Geneva Agreement aimed at maintaining the status quo, but tensions resurged amid Guyana’s economic transformation.

International Response 

  • Guyana approached the International Court of Justice seeking a ruling, while Venezuela rejected the 1899 border agreement.
  • The International Court of Justice refused to ban the referendum but urged Venezuela not to alter the status quo based on its results.
  • Despite international pressure and economic challenges, President of Venezuela dismisses the court’s jurisdiction, emphasizing the need for diplomatic resolution.

Economic and Political Challenges:

  • Venezuela grapples with economic hardships and internal discontent, with shortages and hyperinflation affecting public sentiment.
  • While a border conflict might serve as a temporary distraction, it offers no substantive solution to the country’s multifaceted crises.

International Dynamics and Path Forward:

  • Despite internal challenges, President of Venezuela is urged to pursue diplomatic talks under the Geneva Agreement rather than unilateral actions, prioritizing a peaceful resolution with Guyana.