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The GRIF

The Guyana REDD+ Investment Fund (GRIF) is a multi-contributor trust fund for the financing of activities identified under the Government of Guyana’s Low Carbon Development Strategy (LCDS). Pending the creation of an international REDD+ mechanism, the GRIF represents an effort to create an innovative climate finance mechanism which balances national sovereignty over investment priorities while ensuring that REDD+ funds adhere to the highest internationally recognized standards for financial, environmental and social safeguards. The GRIF was established in October 2010, with the World Bank as Trustee, following an agreement signed between Guyana and Norway in November 2009, in which Norway agreed to provide Guyana up to US$250 million by 2015 in performance-based payments for avoided deforestation in support of Guyana's LCDS.

 

 
Norwegian Team in Guyana to Discuss GRIF Projects
Friday, 29 April 2016 15:36

Minister of State, Mr. Joseph Harmon, on Thursday, received a courtesy call from a visiting Norwegian delegation currently in Guyana to meet with their counterpart agencies to discuss Guyana REDD+ Investment Fund (GRIF) projects, at his office at the Ministry of the Presidency.

Guyana’s Office of Climate Change and the Project Management Office for the GRIF Project both fall within the Minister’s purview.

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 From left: Mr. Nikolaus Oudkerk, Project Management Office, Legal Advisor to the Ministry of the Presidency, Ms. Geeta Chandan-Edmond, Minister of State, Mr. Joseph Harmon, Mr. Tron Lovdal, Senior Adviser, Norwegian Agency for Development Cooperation, Department of Climate, Energy and Environment, Ms. Hege Ragnhildstveit, Senior Adviser, Government of Norway's International Climate and Forest Initiative, Ms. Ane Marit Lid, Adviser, Norwegian Agency for Development Cooperation and Presidential Advisor on the Environment, Rear Admiral (ret'd) Gary Best.

 

The team was led by Ms. Hege Ragnhildstveit, Senior Adviser, Government of Norway’s International Climate and Forest Initiative and included Mr. Tron Lovdal, Senior Adviser, Norwegian Agency for Development Cooperation, Department for Climate, Energy and Environment and Ms. Ane Marit Lid, Adviser, Norwegian Agency for Development Cooperation, while Minister Harmon was joined by Presidential Advisor on the Environment, Rear Admiral (ret’d) Gary Best and Mr. Nikolaus Oudkerk, from the Project Management Office, Ministry of the Presidency.

According to a Ministry of the Presidency media release, the Norwegian delegation will hold talks with their counterpart agencies on the GRIF Projects’ development, challenges, implementation and scheduling with the Project Management Office (PMO) and other matters connected to the Guyana-Norway Agreement.

The delegation will also meet with other connected agencies, such as the Guyana Forestry Commission, the United Nations Development Programme, the Inter-American Development Bank and civil society. The GRIF Projects are at different stages of implementation across Guyana.

In an invited comment, Ms. Ragnhildstveit said that the meeting was fruitful and appreciated.

“The Minister of State was very kind to receive us this morning and it was very encouraging to hear his remarks that Guyana appreciates the cooperation with Norway. The Minister of State is very concerned about Guyana’s rainforest and the people who live there as well as the importance of combating climate change,” she said.

 
Govt award grants to start 64 businesses
Wednesday, 29 April 2015 16:40


On the 31st January, 2015 the Government awarded grants to start 64 businessesSome 64 small business operators have received over $20 million in grants from the Tourism Ministry under the Micro and Small Enterprise Development (MSED) Project.
Government through the Low Carbon Development Strategy/Guyana REDD+ Investment Fund (LCDS/GRIF) has injected some US$10 million to train and fund small business entrepreneurs. The money is to cover a four-year period. The MSE Development and Building Alternative Livelihoods for Vulnerable Groups project was launched in 2013 and was crafted to enable the best utilisation of the funds.

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Friday 29 April 2016, 16:09
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