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$5M budgeted for each Amerindian village – launch of ADF Phase 1 will see funding for 27 pilot projects

Government has budgeted for $5M to be allocated to each Amerindian community in Guyana for the development of their chosen project towards socio-economic development.
This announcement was made by President Donald Ramotar today at the launch of the Inception Phase of the Low Carbon Development Strategy (LCDS) Amerindian Development Fund (ADF) Project under the Guyana Redd+ Investment Fund (GRIF).In the keynote address, His Excellency urged the Toshaos and villagers to grasp the opportunities made possible by the GRIF and to increase the opportunity for greater exchange of goods and services within the villages and further afield in the enhancement of village resources and assets.The launch will see the funding of 27 pilot projects selected under the ADF/CDP, with projects that include six non-farming, six farming, four poultry and three aqua farming projects.

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MSE Press Release

On the 27th of February 2013, the LCDS Micro and Small Enterprise and Building Alternative Livelihoods for Vulnerable Groups (MSE) project, funded by the Guyana REDD+ Investment Fund (GRIF), received IDB Board approval. The approval includes the release of US$5 million from the GRIF for the first phase of project execution which covers the initial two years.
The Government of Guyana has long recognised the importance of micro and small enterprises to the nation as well as the need to assist vulnerable persons and groups. Minister of Tourism, Industry and Commerce, Irfaan Ali, stated that “micro and small enterprises are engines for economic and societal development, laying the foundation for innovation and individual improvement. The MSE project provides two important components for entrepreneurial development: access to financing and business training.”

Read more: MSE Press Release

Guyana to Receive Additional $45 Million from Norway for Climate Services

Approval of Third Contribution from Norway Brings Total Earned to $115 Million USD

GEORGETOWN, 21, Dec. 2012 – Guyana has been approved to receive an additional $45 million USD from the Government of Norway for its climate services in maintaining extremely low levels of deforestation while advancing the nation’s landmark Low Carbon Development Strategy (LCDS).

This now brings all three contributions from the Norway-Guyana climate and forest partnership to a total of $115 million USD since the program was announced in 2009.  Just as importantly, there are now clear signs that the monies are beginning to flow to important climate change and poverty alleviation investments that will improve the overall economy, support Amerindian peoples’ development and land rights while keeping carbon pollution well below the rates of leading developed countries.

Read more: Guyana to Receive Additional $45 Million from Norway for Climate Services

Interim Funding for a National System for Monitoring, Reporting and Verification for 2011

In the Guyana REDD+ Investment Fund (GRIF) Steering Committee Meeting of May 12, 2011, the need for an interim payment to secure continuation of the ongoing implementation of the system for monitoring, reporting and verification (MRV) of emissions and removals of carbon, was discussed. These activities, which are under the responsibility of Guyana Forestry Commission, are necessary in order for Guyana to meet its contractual obligation with Norway. The activities form part of the Low Carbon Development Strategy (LCDS) Institutional Strengthening Project.

Read more: Interim Funding for a National System for Monitoring, Reporting and Verification for 2011

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