Government yesterday confirmed that the Kingdom of Norway has released G$9.1 billion to the World Bank-run Guyana REDD+ Investment Fund (GRIF), thereby completing its final payment under a landmark forest protection deal between the two countries.
The Ministry of the Presidency said Dr Marlon Bristol, Head of its Project Management Office, confirmed the release of 393.4 million Norwegian Kroner (US$43.9 million) to the GRIF for disbursement for approved projects.
According to a ministry statement, Bristol said the funds were released last Wednesday to the World Bank, which yesterday issued its confirmation of receipt.
