Guyana to receive $45M from Norway for preventing deforestation

Published December 22, 2012

| Associated Press

The South American country of Guyana says it will receive an additional $45 million in cash from Norway as a reward for protecting its Amazonian rainforest.

President Donald Ramotar says the money will help fund a hydroelectric project in central Guyana and provide electricity and Internet service in remote jungle communities.

Ramotar said in a statement Saturday that Guyana has so far received $115 million of a $250 million grant it negotiated with Norway as part of a 2009 agreement. The money serves as incentive for Guyana to protect its lush forests through sustainable mining, timber harvesting and other projects.

Most of Guyana's 730,000 people live on a narrow strip of coastal land, leaving the interior largely unoccupied. About 70 percent of Guyana's land mass is covered in forest.

URL

http://www.foxnews.com/world/2012/12/22/guyana-to-receive-45m-from-norway-for-preventing-deforestation/