Norway funding agency sees future for forest project

…but says more should be done for speedier disbursals

More should be done for the timely disbursement of funds to Guyana, the Norwegian government agency through which monies are channelled to pay Guyana for protecting its forests, has said even as it urged the de-politicisation of Guyana’s Low Carbon Development Strategy (LCDS).

“One of the reasons that deforestation rates have increased in Guyana is that very little has been implemented to mitigate the impacts of mining, which is the main driver of deforestation.

In turn, one of the reasons very little has been done is because of the delay in disbursing funds from the Guyana REDD+ Investment Fund (GRIF), and so the existing financial set-up is implicated in the limited success in achieving NICFI’s climate objectives,” the Norwegian Agency for Development Cooperation (NORAD) said in a report released on Monday.

NORAD is a directorate under the Norwegian Ministry of Foreign Affairs and since 2010, it has been monitoring Norway’s International Climate and Forest Initiative (NICFI) via which  …..To continue reading, login or subscribe now.



Join the Conversation

After you comment, click Post. If you're not already logged in you will be asked to log in or register.

The Comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit/delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity. We moderate ALL comments, so your comment will not be published until it has been reviewed by a moderator.