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.