Slow movements on projects have resulted in the US$70 million deposited by Norway into the Guyana REDD+ Investment Fund (GRIF) remaining in the World Bank-controlled account over two years after Oslo agreed to pay for Guyana to protect its forests.
The funds have recently been the subject of intense debate after the opposition cut from the budget all but one dollar from an allocation of $18.39 billion covering a number of low carbon projects under the Ministry of Finance. The projects were the Amaila Falls Project ($16.4 billion), Amerindian land titling ($202.1 million), Amerindian Development Fund ($205 million), small and micro enterprise
