Home News Finance Govt. made largest single investment in Amerindian communities last year totalling $4.7...

Govt. made largest single investment in Amerindian communities last year totalling $4.7 billion – Finance Minister

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Dr. Ashni Singh, Senior Minister in the Office of the President with Responsibility for Finance and the Public Service

The government has committed the largest single financial injection ever to support Amerindian communities, with an impressive $4.7 billion allocated under the Low Carbon Development Strategy (LCDS) in 2023. This was highlighted at the 2024 National Toshaos Council (NTC) Conference at the Arthur Chung Conference Centre by Senior Minister in charge of Finance and Public Service, Dr. Ashni Singh.

During his presentation, he emphasized the government’s commitment to transforming the lives of Guyana’s indigenous people. He highlighted ongoing efforts under the leadership of President Irfaan Ali to uplift Amerindian communities through significant and unprecedented investments.

“This PPP/C Government places the highest level of importance on the development of our hinterland regions and Amerindian communities,” Dr. Singh said. “These efforts are evident in the substantial investments we are making in infrastructure, health, education, and sustainable village economies.”

Dr. Singh outlined various initiatives aimed at improving living standards and economic opportunities, including infrastructure projects like hinterland road improvements, electricity provisions with solar panels for every household, and the development of mini-grids and hydroelectric power in larger communities such as Lethem and Kumu. Investments have also been made in water supply systems, the construction of schools, hospitals, health centers, and the establishment of ICT hubs to enhance connectivity.

Focusing on the expansion of agricultural activities, Dr. Singh noted that these initiatives are supported by funds from carbon credit sales under the LCDS. He reiterated the government’s ongoing commitment to this strategy, announcing an additional $4.8 billion for Amerindian villages in 2024 from carbon credit proceeds, reflecting an increase from 15 percent to 26.5 percent of total sales.

“The funds from the 2023 allocation have already been disbursed, representing the single largest financial injection into our Amerindian communities throughout history,” Dr. Singh stated, drawing applause from the gathered Toshaos. “The 2024 allocation has also been disbursed, and these amounts should be credited to your accounts by the close of business today.”

The NTC conference continues today, with further discussions between government officials and Toshaos from indigenous communities across Guyana, focusing on sustainable development and economic empowerment for Amerindian villages.

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