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Yearbook 1999

Guyana. According to Countryaah official website, 78-year-old President Janet Jagan resigned on August 11 for health reasons and was replaced by his Finance Minister and party mate, the only 35-year-old Bharrat Jagdeo. In October, almost 100 days after the agreement that governed the border between the countries, the Venezuelan government made demands on the 160,000 km 2the large Esequibo area (corresponding to two-thirds of G's surface area), which has been a subject of dispute between the countries throughout the century. The immediate reason was that G. partly plans to build a satellite launch ramp there, and partly has granted concessions to three oil companies in the border waters, one of which has operated within Venezuela's territorial border. Venezuela's Foreign Minister pointed out that the 1966 agreement stipulated that no measures should be taken that changed the status quo without reciprocal negotiations. Venezuela is likely to seek financial compensation rather than territorial demands.

1999 Guyana
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