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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.

For an update on the status of GRIF Projects click here

Norway announces fourth payment to Guyana for climate services and continued low deforestation
Friday, 24 October 2014 20:24

Will transfer US$80 million for Amaila Falls; President Ramotar to address the nation later today

In Oslo, at 10:00 Guyana time this morning, the Norwegian Government made the following statement:

"The Guyana-Norway climate and forest partnership continues to make significant progress. In 2012, Guyana kept deforestation and forest degradation at very low, though increased, levels. Based on this result, combined with improvements in forest governance in 2012-13, Norway today announces that it will contribute 35 million USD to the implementation of Guyana’s Low Carbon Development Strategy.

Since 2009, Norway has been contributing to Guyana’s efforts to enhance economic development while maintaining over 99.5% of its 185 000 square kilometer forest. Today’s announcement of a US$35 million payment to Guyana is based on Guyana’s deforestation rate in 2012 as well as the country’s progress on indicators that will enable agreed goals for forest governance."
After today’s announcement, Guyana has now earned US$150 million in payments from Norway since the partnership started. The accumulated payments are being invested by Guyana in its Low Carbon Development Strategy (LCDS).

Government signs GY$1.3 billion LCDS project for the development of the Amerindian Village Economy
Friday, 19 September 2014 14:45

ADF phase2 website

Minister of Finance, Dr. Ashni Singh, Minister of Amerindian Affairs, Pauline Sukhai and UNDP Resident Representative Khadija Musa today signed a $ 1.3B agreement that will facilitate Phase II of the Low Carbon Development Strategy (LCDS), Amerindian Development Fund (ADF) Project. The project is funded under the Guyana REDD+ Investment Fund and consequently is overseen by the Project Management Office in the Office of the President.
The Project will provide funding to support the socio-economic development of Amerindian communities and villages through the implementation of their Community Development Plans (CDPs). Approximately 160 communities will benefit over three (3) years. The communities will receive funding of up to $5M each for the village’s development of a community based project. All CDPs are approved by consensus or majority vote at village meetings, governed by Section 32 of the Amerindian Act of 2006.

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Last Updated On

Thursday 02 April 2015, 15:55