Population size was a key determining factor in government’s methodology for the distribution of money earned from Guyana’s sale of carbon credits, Vice President Bharrat Jagdeo explained yesterday as he announced the first payment of $4.7 billion or US$22 million to 241 indigenous communities.
“Based on the application of the formula, based on population and size, you are going to see how much money the communities are getting, ranging from $10 million to some communities, their share of the 15 per cent this year, would be $35 million… we agreed that a minimum that a village or a community should get from this year, from their share is $10 million,” the Vice President said during a meeting with Indigenous leaders.
