A long-awaited project that will enable wider consultations on forest protection as well as aid in Guyana accessing more funding for protecting its forest is set to take off with the recent approval by the Inter-American Development Bank (IDB) board of a US$3.8 million grant for Guyana.
The grant is from the Readiness Fund of the Forest Carbon Partnership Facility (FCPF). The FCPF was established in 2008 to finance REDD+ preparatory activities, and as a funding alternative for countries that demonstrate the reduction of greenhouse gases from deforestation and forest degradation. The World Bank is the trustee and secretariat of the FCPF.
Government had submitted a Readiness Preparation Proposal (R-PP) to implement several activities