With the Guyana Sugar Corporation (GuySuCo) saddled with a $77B debt and defaulting on all of its repayment obligations, it makes no business sense to keep it going, its Chairman Dr Clive Thomas told the National Assembly’s Economic Services Committee (ESC) yesterday.
His stark statement will be seen as a further sign that drastic decisions, including the closure or sale of estates in the beleaguered industry, is imminent.
