Guyana president’s drive for forest funds pays off


In one of the world’s largest forest-conservation efforts to date, oil-rich Norway will give timber-rich but money-poor Guyana up to US$250 million over the next five years to preserve the bulk of its 15 million hectares (37 million acres) of woodlands. Under the deal, Norway will pay Guyana $30 million this year and boost that figure in subsequent years if Guyana demonstrates success. For Guyana, that will mean curbing untrammeled exploitation of woodland resources and basing its development model instead on environmentally sustainable forest management. Announcing the deal in November, the two nations issued a joint statement declaring that the agreement provides “the world with a working example of how partnerships between developed and developing countries can save the world’s... [Log in to read more]

Would you like to Subscribe?