8 May 2015
GEORGETOWN, Guyana, May 8, 2015 /PRNewswire-USNewswire/ -- The Government of Guyana this morning announced the receipt of US$40 million from the Government of Norway for maintaining low deforestation rates and improving forest governance. With receipt of the fifth consecutive payment over five years, Guyana's earnings through the Guyana-Norway partnership now total $190 million out of a potential US$250 million. Guyana's earnings amount to one of the highest worldwide for results achieved under a bilateral REDD+ partnership, second only to Brazil.
Since 2009, the payments have supported Guyana's ambitious climate action to keep deforestation low while promoting development and economic growth through its Low Carbon Development Strategy (LCDS). Guyana is already using the funds on a variety of projects, including land titling and sustainable livelihoods for indigenous communities and a transformational hydroelectric project at Amaila Falls. The recent payment will allow for increasing internet access in hinterland communities and strengthening critical adaptation infrastructure against coastal flooding and droughts.