GY05 Monitoring, Reporting and Management Support for Guyana-Norway Partnership portofolio

At a Glance

Strategic Outcomes SO1 Reduced GHG emission, SO2 Creation of green jobs, SO3 Increased access to sustainable services, SO5 Supply of ecosystem services ensured, SO6 Enhanced adaptation to climate change
Start Date Q3  2021
End Date q2 2024
Funding Source Earmarked
Actual Budget (USD) 1,168,923
Budget Percentage %
Actual Expenditure (USD)
Status Active
GGGI Share (USD)
Poverty and Gender Policy Markers poverty, gender
Name of Client (Lead/Prime implementer if GGGI is part of a consortium) GRIF Secretariat
Participating Organization (Funding/donor) Norad
Name of consortium members, if any
Thematic Area
  • Forest (Sustainable) Landscapes
  • Cross Cutting
  • Sustainable Landscapes
  • Green Finance
  • Carbon Pricing
  • Climate Finance
  • GHGI
  • Monitoring
  • Reporting and Verification
GGGI Project Code : GY05
Project Manager and Staff +

Project overview

In 2009, the Guyana-Norway Partnership was created to support Guyana reduce its emissions from deforestation and forest degradation. Under the Partnership the Guyana REDD+ Investment Fund (GRIF) was established to allocate and disburse REDD+ performance-based payments to the Government of Guyana, as well as to finance projects aligned with Guyana’s Low Carbon Development Strategy (LCDS). Since then Guyana received from Norway over USD 220 million in result-based payments for forest climate services. In the future, these payments may come from voluntary or compliance carbon markets. In its initial operations, the GRIF was designed to receive payments from donors as an open-ended multi-donor fund. However, to date, the Government of Norway remains the only donor.

The conversation on climate change taking place at the national level has significantly evolved since the GRIF was first established. Global commitments to addressing climate change—including reducing deforestation and increasing commitment to low carbon growth—have increased in scope and ambition. Meanwhile, the last five years of GRIF implementation have produced mixed results against its objective of speeding up the implementation of high-quality projects aligned with sustainable economic development, climate resilience, decreased deforestation and low carbon growth. Moreover, Guyana began oil production in 2020, and despite global economic contraction due to the COVID-19 pandemic, Guyana is anticipating a 26.2% increase in the country’s GDP in 2021 according to the IMF. Guyana faces a critical opportunity to set its economy on a low carbon, green growth path.

Based on mutual objectives and commitments, the Government of Norway and Guyana has requested GGGI support to address the challenges faced by the GRIF in terms of project implementation, governance, monitoring and reporting. The aim of the project is to support the GRIF to fund and deliver projects that lead to avoided deforestation. To achieve this, GGGI proposes to deliver a set of activities grouped into four interrelated workstreams:

  1. GRIF monitoring and reporting capacity: Enhanced monitoring and decision making of GRIF funded projects leads to improved disbursement rate and increased number of projects moving to implementation;
  2. GRIF Governance: Partner Entities, Implementing Entities, Trustee and Steering Committee Members are empowered to fulfil their responsibilities;
  3. Communications: Access to information on GRIF activities, results and experiences is improved; and
  4. Demand led Support: The GRIF Secretariat is supported to effectively operate, disburse funds and assess project implementation.