The Guyana Sugar Cor-poration (GuySuCo) is effectively bankrupt and its total debt stood at $82 billion at the end of July, according to Chairman of the Board Dr Clive Thomas.
Thomas told Stabroek News that the $82 billion figure was given to him by GuySuCo’s interim management. The figure has risen by $24 billion from the disclosure made before the National Assembly’s Economic Services Com-mittee last July, when then Director of Finance Paul Bhim said the total debt was $58 billion.
Thomas also stated that he has proposed to the government that the interim management, which was
