GUYANA’S indigenous communities will receive US$8 million out of the US$30 million to be received from the Low Carbon Development Strategy (LCDS) revenue this year, according to President Bharrat Jagdeo.
Speaking at the launch of Amerindian Heritage Month yesterday, at a ceremony hosted at the Amerindian Village, National Exhibition Centre in Sophia, the President said the funds will be used for village development. Citing transformative economic activities where young people can stay in the village and earn a decent living as well as food security, he said every village is currently working on their own plan according to a template sent out by the Ministry of Amerindian Affairs.
Responding to gripes about the money not being properly spent, the President said the money will be budgeted and will have the strongest fiduciary safeguards that can be audited anywhere in the world.
He said it is important to the country and there is no room for pedantic approaches as the development of indigenous people will be at the forefront of the strategy.