The Guyana Sugar Corporation (GuySuCo) has not received any bailout money and this will not happen until the process is taken to the National Assembly for approval, Finance Minister Winston Jordan has said.
Jordan told Stabroek News yesterday that subsequent to the availability of the treasury the final amount requested by GuySuCo will be discussed during an upcoming sitting of the National Assembly.
He clarified that the corporation has not finished reworking the finances required. Jordan said that as of right now the corporation’s original $16 billion bailout proposal has been rejected and cabinet was awaiting the Interim Management Committee’s (IMC) findings. The Finance Minister stated that
