- Language: English
- 24 Pages
- Published: March 2012
Country Report Guyana
- ID: 2138721
- September 2014
- Region: Guyana
- 28 Pages
- The Economist Intelligence Unit
The government has signed a G$1.3bn (US$7m) agreement with the UN Development Programme (UNDP) for the socioeconomic development of Amerindian communities.
The project, which will facilitate phase II of Guyana's Low Carbon Development Strategy, is being financed under the Guyana REDD+ Investment Fund, which was established with funds earned through Guyana's forest protection partnership with Norway. Around 160 Amerindian communities will be given grants of G$5m to develop and execute projects in the areas of farming, agro-processing, aquaculture, poultry, cattle-rearing and sustainable forestry.
Funds will also be set aside for low-impact mining and further titling of Amerindian lands. The latter is expected to be strenuously opposed by the Guyana Gold and Diamond Miners' Association (GGDMA), a powerful private-sector organisation. With gold-mining assuming heightened importance in the economy, the GGDMA has become increasingly assertive in promoting and protecting the rights and interests of its constituents. It has successfully petitioned the government for more lands-as well as fiscal and other incentives for mining companies-resulting in several auctions and lotteries of land in the recent past. The GGDMA sees further allocation of land to Amerindians as a threat to miners' occupational existence, and has retained lawyers in anticipation of future court action. In the context of the charged political atmosphere currently prevailing in the country, where the government will face a vote of no-confidence when parliament reconvenes in early October, the government is unlikely to intervene, given the importance of the Amerindian swing vote to the outcome of general election, which is expected to be called by early 2015. The UNDP will provide technical support to the project, including administration of social, fiduciary and environmental safeguards. SHOW LESS READ MORE >
Country Report Guyana
Amerindian development given financial boost
Impact on the forecast