The current political climate is partly to blame for the delay of the government’s divestment of some of the Guyana Sugar Corporation’s (GuySuCo) estates, according to Minister of Finance Winston Jordan.
Asked to give an update on the process after presenting the Mid-Year Report on Wednesday, Jordan told reporters that there was nothing much he could add beyond what has been said in the media—that the sale of the estates has been delayed.
He stressed that investors are “extremely cautious” and noted that the situation is partly due to concerns about the current political environment and comments that have been made by the opposition People’s Progressive Party (PPP).
