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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

The Government will reimburse Yasuni taxpayers exceeding $ 50,000

Posted On 19 Aug 2013

According to certain clauses established in the two trusts that received the collections, supposedly derived for the non-exploitation ofYasuni-ITT, the quantities “below the deminimis threshold” of donations, won’t receive the Yasuní Guarantee Certificate (CGY for it Spanish acronym), which is the only document that guarantees the repayment of their money.

This means that all those countries that donated money to the Yasuni-itt initiative could demand its reinbursement, but only those who had given more than $ 50,0000.

The Ecuadorian government created an international and a national trust. Both sums the amount of $13.3 million. According to President Rafael Correa, contributions represented 0.37% of the money that was expected to be raised ($ 3,600 million in 20 years). Most of the money is in the international trust, which is administered by the United Nations Program for Development (UNDP).

Tarcisio Granizo, former asistent secretary of Policy and Planning of the Ministry of Heritage, said deposits below $ 50,000 will not be returned, but will be  “liquidated”, although did not specify how.

For his part, the spokesman of the Ministry of Cooperation, German Sebastian Lesch said that Correa has “exclusive responsibility of the failure of the environmental project Yasuni-ITT”, and said it was not true that the world has “failed” to Ecuador. Lesch said that Germany review the validity of the forest protection agreement with Ecuador.

Germany, last October, committed EUR 34.5 million for environmental preservation of this natural reserve.

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