‘SECURITY IS PRECONDITION FOR PROSPERITY’ – U.S. OFFICIAL

The ongoing territorial controversy between Guyana and Venezuela, now before the International Court of Justice (ICJ), remains a key backdrop to regional security discussions, with a senior U.S. official stressing that stability is essential for economic growth and investment. Speaking during a press roundtable at the U.S. Embassy in Georgetown on Wednesday, U.S. Under Secretary of State for Economic Growth, Energy and the Environment Jacob Helberg said Washington is closely monitoring developments at the ICJ while emphasizing that security is fundamental to prosperity in the hemisphere. The comments come as Guyana continues to press its legal case at the ICJ to uphold the validity of the 1899 Arbitral Award, which established the current land boundary between Guyana and Venezuela. Venezuela, however, maintains its claim to the Essequibo region, a position Guyana rejects.

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