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Govt award grants to start 64 businesses


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.

Read more: Govt award grants to start 64 businesses

MoAA launches ADF-GRIF Project (Phase II)

adf phase22

The Amerindian Development Fund (ADF)-Guyana REDD+ Investment Fund (GRIF) Project Management Unit of the Ministry of Amerindian Affairs recently launched a series of inception seminars in various hinterland regions to mark the full implementation of the project (Phase II) following the pilot stage which commenced in 2013 covering 26 villages.

Read more: MoAA launches ADF-GRIF Project (Phase II)

Norway announces fourth payment to Guyana for climate services and continued low deforestation

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).

Read more: Norway announces fourth payment to Guyana for climate services and continued low deforestation

Government signs GY$1.3 billion LCDS project for the development of the Amerindian Village Economy

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.

Read more: Government signs GY$1.3 billion LCDS project for the development of the Amerindian Village Economy

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