Guyana closer to $40M World Bank forest grant

Guyana finally appears to be moving forward to receive funds under the World Bank’s Forest Carbon Partnership Facility (FCPF), more than five years after a US$200 000 ($40 million) grant was initially announced.

In a Joint Outline Plan for the Advancement of the FCPF by the Government of Guyana (GoG) and the Inter-American Development Bank (IDB), it was stated that the GoG released its final version of its Readiness Preparation Proposal (RPP) in December 2012. This followed from the earlier RPP approval of Guyana’s RPP at the third Participants’ Committee Meeting (PC 3) of the FCPF held in Montreux, Switzerland.

Since then, Guyana made several revisions to the RPP to include and address continuous stakeholder feedback. The IDB was identified as the delivery partner for the FCPF programme in Guyana. “As part of the process moving forward with the FCPF through the IDB structure (meaning initially that the Guyana RPP needs to be shaped into an….