Guyana is expected to lose out on a reported 14 million euros ($3.8B) when the current round of European Union budgetary support for the sugar industry comes to an end.
Under the Accompanying Measures for the Sugar Protocol, the EU had provided a total grant of 94 million euros for the period 2007-2010. To date, 54 million euros have been disbursed to the government towards reforming the industry.
Ambassador of the European Commission to Guyana, Geert Heikens disclosed yesterday during a sit-down with media representatives that some 14 million euros of the total grant would go back to
