Cabinet has made a decision to bail out the Guyana Sugar Corporation (GuySuCo) with a first tranche of $3.8B, sources say, and will be proceeding with the Commission of Inquiry into the industry as well as a forensic audit of the corporation.
News of the bailout was delivered yesterday at the annual Enmore Martyrs commemoration event at Enmore by Prime Minister Moses Nagamootoo though he did not identify a figure.
Nagamootoo stated that President David Granger was not in attendance at the commemoration yesterday because
