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.
