Venezuelan President Nicolas Maduro recently attended the Community of Latin American and Caribbean States (CELAC) summit in Saint Vincent and the Grenadines, where he engaged in significant meetings with regional leaders. This marked his second visit in two months, emphasizing the importance of the event. During the summit, President Maduro met with Guyanese President Mohamed Irfaan Ali, with whom he exchanged gifts and expressed wishes of peace and love.
The two countries have a longstanding territorial dispute dating back to colonial times, particularly concerning oil reserves in disputed waters. Tensions escalated in recent years, with reports of Venezuelan military build-up near the border. However, the U.S. government downplayed the military movements, stating no imminent hostilities were expected.
The territorial dispute also impacted business interests, such as Chevron's acquisition of Hess in contested waters. Despite military concerns, efforts are underway to resolve ownership issues within the oil consortium.
Maduro's visit to CELAC was seen as a crucial moment in his relationship with the Caribbean Community (CARICOM), especially amidst warming relations facilitated by Brazil's mediation. The repayment of a $500 million debt by Haiti under the Petrocaribe scheme signaled a potential shift in regional dynamics.
During the summit, President Maduro announced plans for the upcoming presidential election, including inviting CELAC and UN observers to ensure fairness. The European Commission also expressed intent to send an observation mission, contingent on the adherence to the Barbados Agreement.
Discussions between Presidents Maduro and Lula da Silva of Brazil extended to issues of illegal mining near the border, particularly affecting indigenous lands. A migration agreement was also signed between Venezuela and Mexico, addressing repatriation concerns amid increasing Venezuelan migration to the U.S.
