By Antonio Dey
Vice President Bharrat Jagdeo yesterday said that 238 out of 242 Indigenous communities have so far been assigned the sum of $4.7 billion from Hess Corporation for the sale of carbon credits from Guyana’s rainforests.
According Jagdeo, based on feedback from village leaders at the ongoing National Toshaos Conference which is being held at the Arthur Chung Conference Centre, the funds are enabling the transformation of several communities. He added that of the $4.7 billion, some $2.6 billion has already been drawn down and by the end of this year, most of it will be expended.