A special purpose unit has been established in the National Industrial and Commercial Investments Limited (NICIL) to spearhead the divestment/privatisation of certain assets of the Guyana Sugar Corporation (GuySuCo).
Minister of Finance Winston Jordan announced the unit and its purpose to the National Assembly yesterday, while seeking $130 million to finance its operations for the rest of the year.
The sum is part of the supplementary provision on the Current and Capital estimates, totalling $6.395 billion, for the period January 1, 2017 to December 31, 2017, that was brought before the House for approval yesterday.
