As sugar prices continue to plummet on the world market and the local industry remains in a dire state, the European Union (EU) says that funds it has been using to help the sector will be depleted in two months and there is no more to be had.
“There are no more funds from this protocol. This is it,” EU Ambassador Jernej Videtič said when asked by Stabroek News if additional aid would be given to the sector.
From 2006 to September, 2017, the month when the last of the monies will be paid to the country, according to Ambassador Videtič, the EU would have provided a total of GY$348.5 billion in budgetary support to Guyana. It was geared at compensating for the cut in preferential market prices.
Asked if the EU was asked or would assist in providing a
