$400M Jamaican cash infusion for ailing GuySuCo

Winston Jordan

The cash-strapped Guyana Sugar Corporation (GuySuCo) has managed to secure $400M from the National Commercial Bank of Jamaica after modification of its loan terms and the struggling company was the subject of Cabinet discussions yesterday but a decision on a bail-out was put off.

Finance Minister Winston Jordan confirmed to Stabroek News yesterday that Cabinet was unable to come to a decision