Up to the end of March, Norway had not deposited the US$45 million that Guyana qualified for in 2012 under the two countries’ forests protection plan, according to the latest report from the World Bank.
Norway late last year had announced that it would contribute US$45 million to the Guyana REDD+ Investment Fund (GRIF) bringing the total contribution from Oslo under the Norway-Guyana climate and forest partnership to US$115 million since 2009.
The GRIF is a fund for the financing of activities identified under the Government of Guyana’s Low Carbon Development Strategy (LCDS). The fund will receive up to US$250 million from Norway in performance-based payments for the period up until 2017, based on