The governments of Guyana and Norway recently took “significant action” to accelerate the disbursement of funds from the Guyana REDD+ Investment Fund (GRIF) after expressing their belief that the intermediation of GRIF funds is taking longer than it should, the Office of Climate Change announced Tuesday.
President Bharrat Jagdeo has severely criticised the GRIF’s trustee–the World Bank–in the past for what he said was its sloth in making funds available. The World Bank has rejected this and said that any delay is with the GRIF Steering Committee, which has to approve projects for funding. Guyana chairs the GRIF Steering Committee, which met recently but no project was yet given final approval so that funds could be disbursed. Norway is partnering with
