The government and the United Nations Development Programme (UNDP) on Thursday signed a pact that will see an initial $360M of $1.2B being released for projects by Amerindian communities.
The UNDP is the partner entity for the Amerindian Development Fund (ADF) and in June, the Steering Committee of the Guyana REDD+ Investment Fund (GRIF) approved the Project Concept Note (PCN) for the fund enabling the UNDP to request up to US$1.8M ($360M) for project proposal preparation activities from the trustee of the GRIF, the World Bank. The GRIF is the mechanism through which monies from Norway’s five-year US$250 million forests partnership with Guyana are channelled to this country.
The expected outputs of this first phase are the creation of a functional, scalable and transparent disbursement mechanism; the strengthening of the capacity of the
