By Radha Motielall
As Guyana welcomes international investors for its energy conference and Supply Chain Expo, President Dr. Irfaan Ali engaged in a critical discussion with Bloomberg News on Tuesday.
The focus of the interview centered on Guyana’s energy sector and the potential challenges posed by Venezuela’s military presence near the border.
President Ali emphasized Guyana’s commitment to transitioning to cleaner energy while acknowledging the challenges associated with implementing such a transition.
He underscored the importance of having the necessary prerequisites in place for a successful transition.
Despite these challenges, President Ali emphasized the urgency of developing and monetizing Guyana’s oil and gas resources.
He stressed the need to capitalize on these resources now to ensure the country’s economic growth and competitiveness in the global market.
Addressing concerns about Venezuela’s military buildup near the border, President Ali assured that Guyana is actively collaborating with its regional partners to prevent any escalation of tensions.
He reiterated Guyana’s firm stance on safeguarding its territorial integrity.
President Ali highlighted Guyana’s efforts to enhance its defense capabilities through partnerships with allies, modernizing the military, and leveraging technology.
He expressed confidence in Guyana’s case before the International Court of Justice (ICJ) and reassured foreign investors of the country’s stability and commitment to resolving disputes through diplomatic channels.
As Guyana navigates its energy transition and navigates geopolitical challenges, President Ali’s interview with Bloomberg reflects the government’s proactive approach to safeguarding national interests and fostering investor confidence.