APNU–AFC regime has been conspicuously silent on the progress, or lack thereof, on issues of the Guyana – Norway Agreement. Although this government has become notorious for its lack of openness and transparency, their reticence on this subject is especially surprising because this partnership is one of the most significant bilateral relationships in Guyana’s history and one in which the Guyanese people have always been keenly interested.
Specifically, there are two main issues for which answers are needed, namely the status of payments earned under the Partnership and the decision on the Amaila Falls Hydropower Project (AFHP).
In May 2015, just days before the elections, I announced that Guyana had earned a fifth payment of US$40 million, which will be transferred to the Guyana REDD+ Investment Fund (GRIF).
As a result, when the PPP/ C left office in May 2015, Guyana had earned five payments that totaled US$190 million. Of this, it will be recalled that US$80 million was deposited in the Inter-American Development Bank (IDB) as Government’s equity in the AFHP. The remaining funds were to be held in the GRIF. The funds held in the GRIF were used to develop hinterland communities, promote micro and small business ownership and enhance drainage on the coast among other projects.
Under my administration, the sixth and final performance assessment was scheduled to be conducted in September 2015. The successful completion of this process would have led to a payment valued up to US$25 million. Further, upon expiry of the Memorandum of Understand-