A recent visit by Government officials to Norway has netted positive results for the country. Updating Kaieteur News this week, Minister of Natural Resources, Raphael Trotman, disclosed that Norway has agreed not take back US$80M that had been held in an escrow account at the Inter-American Development Bank (IDB) – that money had been set aside as Guyana’s equity in the Amaila Falls Hydro Electric Project.

The money was part of the US$250M deal that Norway agreed to grant Guyana in 2009 in exchange for this country to limit deforestation and forest degradation.(Kaieteurnews.com/photo: kaieteurnews.com)…[+]