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Government of Guyana provided financial support to Iwokrama over past three years

Feb 09, 2015 News

Contrary to misrepresentation, the Government of Guyana has approved a third loan to the Iwokrama International Centre for Rainforest Conservation and Development as part of continued financial support to the Centre over the years.
The most recent being a loan of US$100,000.00 from the Guyana Geology and Mines Commission (GGMC) to Iwokrama International Centre for Rainforest Conservation and Development
This is a result of the Government’s commitment to the work being undertaken and pursued by Iwokrama International Centre for Rainforest Conservation and Development, which is a unique reserve of 371,000 hectares of rainforest.
The Centre was established in 1995 with the aim of providing a dedicated site to test the concept of a truly sustainable forest – where conservation, environmental balance and economic use can be mutually reinforcing.
Its mandate to “promote the conservation and the sustainable and equitable use of tropical rainforests in a manner that will lead to lasting ecological, economic and social benefits to the people of Guyana and to the world in general” is aligned with the Low Carbon and Green Economy pathway that the Government has embarked on and remains committed to. Iwokrama continues to be a vital research Centre and focal point for Climate Change, Sustainable Forestry and Eco-Tourism.
The recent approval by the Government for the transfer of the sum of US$100,000.00 from the GGMC to Iwokrama, is as a result of the Centre’s inability to raise finances on the international arena and the unforeseen hurdles encountered with partnerships such as the Iwokrama/Tigerwood Guyana Inc. partnership. This partnership was expected to provide much needed revenue from the sustainable harvesting of forests and be a model for sustainable forestry development.
In light of the ongoing work of Iwokrama and the need to maintain and promote the respective activities in both the Sustainable Use Area (SUA) and the Wilderness Preserve (WP), the Government has again committed funds to ensuring that the critical work continues and progresses. The financial injection of US$100,000.00 represents Government’s continued support to Iwokrama, which it has demonstrated over the years by approving the financial support of US$450,000.00 by GGMC in 2013 and US$600,000.00 by the Guyana Forestry Commission (GFC).
The financial support by GGMC to Iwokrama is similar to other such support provided over the last three years by the Commission to entities such as the Environmental Protection Agency (EPA), National Protected Areas Trust Fund (NPATF), and the Ministry of Public Works, which would have been recipients of such financial assistance.
Notwithstanding the support provided by the Government through its agencies, it is expected that the importance and relevance of Iwokrama would not be lost on the international community and as such financial support can be committed to the Centre given that the benefits to be derived from forest services are not limited to Guyana. In addition, the need for the Centre to be financially sustainable and to have projects undertaken in this regard is of paramount importance. (GINA)

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