GAWU points to absence of transparency in sugar divestment

-in meeting with IMF

The IMF team (GAWU photo)

The Guyana Agricultural and General Workers Union (GAWU) met with representatives of the International Monetary Fund (IMF) on Monday and expressed concern over the lack of transparency in the divestment of sugar estates and  recapitalisation of others under the Guyana Sugar Corporation (GuySuCo).

A GAWU release said that they met with the six-person team for an hour during its visit to Guyana to conduct its annual Article IV Consultation.

The concerns raised by GAWU surround the manner in which the divestment and recapitalisation processes occurred. The union, in a press release, said that there was little transparency in the approach taken by government to divest the now closed Skeldon, Rose Hall and East Demerara Estates…..

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