According to Opposition Leader Bharrat Jagdeo, government lacks the will to increase the wages and salaries of workers employed by the Guyana Sugar Corporation (GuySuCo).
Speaking at his weekly press conference yesterday, Jagdeo declared that the “means” exists in the form of the $30 billion bond secured for the refinancing of the sector.
“Government has stripped GuySuCo’s assets and given them to (government holding company) NICIL then NICIL pledged those assets to secure this bond,” he argued, stressing that they can use those resources to finance increases for the approximately 10,000 workers still with the company.
