- Published: 29 April 2011
- Hits: 1148
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.
- Published: 29 April 2016
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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.
- Published: 29 April 2015
- Hits: 2000
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.