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GuySuCo hammers NICIL after receiving $250M

GuySuCo hammers NICIL after receiving $250M -charges that its strategic plans being used without consultation

The Guyana Sugar Corporation (GuySuCo) has a new lease on its financial life after receiving a disbursement of a quarter of a billion dollars from the National Industrial and Commercial Investments Limited (NICIL) under the $30b syndicated bond for the industry.

The announcement from NICIL with barbs at GuySuCo drew a scathing response from the corporation yesterday.

In a release yesterday, NICIL stated that it has credited GuySuCo’s account with $250,000,000 which sum represents “a partial response” from the Agency to the Corporation’s request to the government for a bailout.
Source: Stabroek News - Guyana's Most Trusted Newspaper

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