Guyana has said it will only accept a ruling from the International Court of Justice to settle an ongoing border dispute with Venezuela.
Foreign Minister Carl Greenidge said that any other resolution would seriously affect the South American country’s economic development. A United Nations team has just left Guyana as it continues to investigate the border dispute.
Venezuela has long laid claim to some 40 percent of Guyana’s territory. The Esequiba is an area rich with gold, diamonds, timber and other natural resources. Venezuela also reasserted its maritime claims earlier this year after oil was discovered in disputed waters offshore from the two countries.
Greenidge said more discussions involving U.N. officials are planned in upcoming months.