Many locations throughout Guyana are reporting severe flooding due to unusually heavy rains. Coastal villages including areas that dont normally experience much flooding such as Diamond/Grove have been inundated this year. Unusually high water levels in the Demerara River has caused flooding in villages along the East Bank and in the upper parts of the river including in Rockstone.

Heavy rains have also washed out parts of the road and bridges on the Georgetown - Lethem road, which is am important road for people living and working in the interior and travelling to Brazil.

The official rainy season is May to June, but into the second week of July the rainy season remains relentless.

The news has finally been released that the Guyana REDD+ Investment Fund has been set up and the first USD 30 million,  has been given by Norway with The World Bank invited to act as the fund manager.

See link to article here: http://www.stabroeknews.com/2010/stories/07/14/forest-protection-fund-to-be-set-up-by-month-end-norway-to-deliver-first-tranche.

This development came through amid growing concern of corruption in the rapidly expanding carbon credit market.

Everyone will be waiting and watching to see how Guyana manages these funds and how efficiently and transparently they can be utilized in the Low Carbon Development Scheme that is tied to the funding scheme.