PRESIDENT Donald Ramotar’s said his administration will continue to break new “development ground” with financing aid that has been mobilised in an innovative way, via the widely lauded Low Carbon Development Strategy (LCDS).
The assurance came from the Head of State himself in his New Year’s address to the nation on Wednesday night.
“In order to provide increased social and economic benefits to our citizens, we have taken innovative approaches to mobilising development financing,” he said, referring the fact that Guyana took the pioneering lead in trading carbon credits.
Mr. Ramotar added: “…the earnings (we have received) are being invested for both the social and economic betterment of all Guyanese.”
In 2014, under the LCDS, 25 Amerindian communities received full disbursements for their Community Development Plans totalling $125M. In September, the next phase of this initiative was launched and is supporting development in an additional 161 communities, with an investment of over $1.2B. Also, under the LCDS, resources are also being dedicated to the land titling process so that more Amerindian communities can have title to their lands.
“In order to provide increased social and economic benefits to our citizens, we have taken innovative approaches to mobilising development financing,” he said, referring the fact that Guyana took the pioneering lead in trading carbon credits.
Mr. Ramotar added: “…the earnings (we have received) are being invested for both the social and economic betterment of all Guyanese.”
In 2014, under the LCDS, 25 Amerindian communities received full disbursements for their Community Development Plans totalling $125M. In September, the next phase of this initiative was launched and is supporting development in an additional 161 communities, with an investment of over $1.2B. Also, under the LCDS, resources are also being dedicated to the land titling process so that more Amerindian communities can have title to their lands.
NEW PROJECTS
Among the new developments scheduled to be launched in 2015 are initiatives targeted at flood prevention dealing with both coastal community drainage systems and the larger conservancies.
Also on the cards is a move to “catalyse” the ecotourism sector through several interventions, which will allow more Guyanese to fully take advantage of the country’s natural and cultural assets.
“We will advance work on a Biodiversity Centre that will showcase Guyana’s unique biodiversity to the world and to our school children, some of whom have not had the opportunity to travel to many parts of the interior,” Mr. Ramotar said.
He added that investments in physical infrastructure programmes will continue, particularly considering the potential in this area for the creation of critical jobs and for improving the lives of the Guyanese people.
“With a renewed mandate, my Government pledges to sustain and build on the gains we have already made as a country,” the President stressed.
Guyana is one of the very few countries in the world that is receiving compensation for the sustainable management of forests under Low Carbon Development Strategy and partnership with the Government of Norway. This year, Guyana received its fourth payment under this partnership, bringing the total earned so far to US$150 million.
Among the new developments scheduled to be launched in 2015 are initiatives targeted at flood prevention dealing with both coastal community drainage systems and the larger conservancies.
Also on the cards is a move to “catalyse” the ecotourism sector through several interventions, which will allow more Guyanese to fully take advantage of the country’s natural and cultural assets.
“We will advance work on a Biodiversity Centre that will showcase Guyana’s unique biodiversity to the world and to our school children, some of whom have not had the opportunity to travel to many parts of the interior,” Mr. Ramotar said.
He added that investments in physical infrastructure programmes will continue, particularly considering the potential in this area for the creation of critical jobs and for improving the lives of the Guyanese people.
“With a renewed mandate, my Government pledges to sustain and build on the gains we have already made as a country,” the President stressed.
Guyana is one of the very few countries in the world that is receiving compensation for the sustainable management of forests under Low Carbon Development Strategy and partnership with the Government of Norway. This year, Guyana received its fourth payment under this partnership, bringing the total earned so far to US$150 million.
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