Copyright jamaicaobserver
Latest News International News North & East Environment Social Love Horse Racing World Champs Commonwealth Games FIFA World Cup 2022 Entertainment Art & Culture Tuesday Style Food Awards JOL Takes Style Out Design Week JA Black Friday Relationships Classifieds Motor Vehicles Place an Ad Jobs & Careers Study Centre Jnr Study Centre Advertorial Supplements Latest News International News North & East Environment Social Love Horse Racing World Champs Commonwealth Games FIFA World Cup 2022 Entertainment Art & Culture Tuesday Style Food Awards JOL Takes Style Out Design Week JA Black Friday Relationships Classifieds Motor Vehicles Place an Ad Jobs & Careers Study Centre Jnr Study Centre Advertorial Supplements International News Food Awards Entertainment World Champs Career & Education Environment Advertorial Supplements Classifieds Design Week Latest News, Regional November 12, 2025 Guyana and Suriname to raise US$1 billion for infrastructure projects BELÉM, Brazil (CMC) – Guyana and Suriname are among seven Amazon countries that have launched a new initiative aimed mobilising more than US$1 billion to accelerate investments in water security, clean energy, and resilient urban infrastructure, with a multisectoral and territorial approach. Bolivia, Brazil, Colombia, Ecuador and Peru are the other countries involved in the Amazonia Forever Facility for Cities and Resilient Infrastructure alliance that was launched here on Tuesday. The Inter-American Development Bank Group (IDB) said that the initiative, led by the Amazonia Network of Ministers of Finance and Planning, was formalised through a joint declaration signed by member states. It is supported by the IDB Group, within the framework of its flagship Amazonia Forever programme, and is backed by multilateral climate funds, bilateral donors, and local leaders. The new facility will leverage innovative financial mechanisms, including blended financing, performance-based concessionality schemes, mechanisms for mitigating exchange-rate risk, and credit-substitution guarantees, while providing technical assistance for infrastructure projects in urban and peri-urban areas. Brazil’s Planning and Budget Minister Simone Tebet formalised the launch at COP30 in her capacity as chair of the Amazonia Network of Ministers of Finance and Planning. “This important tool will enable us to take action not only on forest and water resources, but also on urban challenges, since cities are home to the vast majority of the Amazonian population. In this way, we are strategically complementing efforts on these two fronts of the region’s environmental challenges,” she said. “This facility is a practical example of what Amazonia Forever is all about; providing people with livelihoods and jobs in the region’s cities is the best way to preserve the forest,” said IDB Group President Ilan Goldfajn. “And building resilient infrastructure helps protect around 60 million people who call the Amazon home.” More than 70 per cent of the population of the Amazon region, or Amazonia, lives in cities and peri-urban areas, which face gaps in water, sanitation, adequate solid-waste management, energy, mobility, and risk management for extreme events. Addressing these challenges is essential not only for improving people’s quality of life, but also to protect forests, according to a recent IDB study prepared by more than 60 experts. The Amazonia Forever Facility comes with new support from international partners to promote climate-resilient infrastructure, clean energy, connectivity, and sustainable urbanisation in the Amazon region. Among them: Denmark, Norway, and Sweden committed to work toward signing a guarantee which will enable the IDB to increase its lending capacity for clean-energy projects within the Amazonia Forever and América en el Centro programmes by US$800 million. The IDB’s Water Security and Climate Resilience Program in Amazonia, in partnership with the Green Climate Fund (GCF), will deploy US$162 million in concessional financing, technical assistance, and pre-investment resources for resilient infrastructure projects in drinking water, sanitation, drainage, and solid-waste management, as well as improvements to early-warning systems and strengthened cross-border cooperation. The Clean Energy Access Accelerator in the Amazon, supported by the Climate Investment Funds (CIF), will provide US$215 million in concessional resources and grants to expand universal access to clean energy and clean cooking solutions, and promote the adoption of emerging technologies. The Spanish Agency for International Development Cooperation (AECID) contributed six million euros to the IDB’s Spanish Cooperation Fund for Water and Sanitation in Latin America and the Caribbean, with a focus on the Amazon. Tags: Guyana Infrastructure Suriname {"jamaica-observer":"Jamaica Observer"} 0 Comments · Make a comment ALSO ON JAMAICA OBSERVER Latest News, Music Green outlines recovery efforts for agriculture sector November 11, 2025 KINGSTON, Jamaica — Agriculture Minister Floyd Green says the Agricultural Disaster Recovery Task Force, led by Michael Pryce, which was established a... {"jamaica-observer":"Jamaica Observer"} Latest News, News Over 700 temporary vector control workers employed — Tufton November 11, 2025 KINGSTON, Jamaica — With the mosquito population already showing an increase in the aftermath of Hurricane Melissa, including the dengue-carrying Aede... {"jamaica-observer":"Jamaica Observer"} Latest News, News Over 5,000kg of food condemned since Melissa hit — Tufton November 11, 2025 KINGSTON, Jamaica — Minister of Health and Wellness Dr Christopher Tufton has revealed that 5,661 kilogrammes of food have been condemned by public he... {"jamaica-observer":"Jamaica Observer"} Latest News, News Agriculture sustains $29.5 billion in damage from Hurricane Melissa November 11, 2025 KINGSTON, Jamaica — Minister of Agriculture, Fisheries and Mining, Floyd Green, says the sector has suffered some $29.5 billion in losses following th... {"jamaica-observer":"Jamaica Observer"} Latest News, News Small businesses in Portland struggle after Hurricane Melissa November 11, 2025 PORTLAND, Jamaica — Small business owners across Portland are facing a confluence of setbacks in the aftermath of Hurricane Melissa. Pauline, a shop a... {"jamaica-observer":"Jamaica Observer"} Latest News, News Allianz Memorial Van Damme donates US$100k to Usain Bolt Foundation for hurricane relief November 11, 2025 KINGSTON, Jamaica — The Allianz Memorial Van Damme, the Brussels athletics meeting and host of next year’s Wanda Diamond League final, is donating US$... {"jamaica-observer":"Jamaica Observer"} Latest News, News Couples Resorts, Issa Trust Foundation launch disaster relief fund BY KEVIN JACKSON Observer Writer November 11, 2025 With the focus on helping their team members navigate the devastation caused by Hurricane Melissa, Couples Resorts has also sought to help the communi... {"jamaica-observer":"Jamaica Observer"} HOUSE RULES We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion. Please do not write in block capitals since this makes your comment hard to read. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com. If readers wish to report offensive comments, suggest a correction or share a story then please email:community@jamaicaobserver.com. Lastly, read our Terms and Conditions and Privacy Policy Recent Posts Archives Please enable JavaScript to view the poll powered by Disqus. Recent Posts Archives Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean Featured Tags Entertainment Entertainment Jamaica Observer,© All Rights Reserved Privacy Policy Editorial Code of Conduct
