World Bank on key forest $$ mission

11 November 2009

A World Bank team is here to engage stakeholders and determine whether Guyana is sufficiently ready to initiate an active phase of preparation that would enable it to receive financial incentives from the international community to reduce deforestation.

The team will examine several issues and there will be particular focus on indigenous peoples. “We are going to the field to listen to the communities”, said Laurent Debroux, the team’s leader. He said that the team’s mission is to discuss Guyana’s participation in the Bank’s Forest Carbon Partnership Facility (FCPF) with government and other stakeholders.

This is the second visit for the team this year. Debroux recalled that Guyana had submitted an initial proposal (the Readiness Preparation Proposal or RPP) to the FCPF in June.  He said that the Participants Committee of the Facility asked the Bank and Guyana to work closely together; examine the social and environmental dimension of the proposal and see if things are sufficiently ready to initiate an active phase of preparation. This, he said, would involve Guyana carrying out more intense consultations with villages, designing strategies to reduce deforestation, designing a system to share benefits with the local communities so that maybe in the future, it could be one of the first countries to receive financial incentives from the international community through a Reduced Emissions from Deforestation and forest Degradation (REDD) scheme.