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Amerindian Development Fund launched

Mar 23, 2013 News

Twenty-seven Amerindian communities will now receive financing to execute economic ventures to generate income, provide employment and promote sustainable development.
Yesterday morning, at the Princess International Hotel, Government launched its Amerindian Development Fund (UNDP) for the communities as a pilot project. Over time, an additional 180 communities will benefit similarly.
This programme is being implemented by the United Nations Development Programme and financed by the Norwegian Government through the Guyana REDD+ (Reducing Emissions from Deforestation and Forest Degradation) Investment Fund –GRIF.
GRIF was established in October 2010 as the mechanism through which the Low Carbon Development Strategy projects will be funded in the same way as those being created under the Amerindian Development Fund.
For years, Amerindian communities have been waiting for the release of funds to finance projects they themselves crafted in their Community Development Plans with help from the Ministry of Amerindian Affairs. Some ventures included in plans are: tourism related; arts and craft; poultry rearing; and cattle farming.
The agreement for the implementation of the agreement between Guyana and UNDP was inked August 2012.
President Donald Ramotar had stated that the agreement will see Amerindian communities benefiting from approximately $360M over a period. “The CDPs have been developed by villages and will result in tremendous transformation of village economies from their current levels of vulnerability to greater viabilities and sustainability,” he added.
Ramotar had asserted that villagers could continue to develop their traditional type of work and agriculture. However, in modern times, development needs to be done in a sustainable manner.

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