As of August 31, 2020 the total indebtedness of the Guyana Sugar Corporation (GuySuCo) was $72.5b and its cost of production was above the price of all markets it sold into.
This was disclosed in parliament yesterday when Minister of Agriculture, Zulfikar Mustapha answered questions in writing in the name of APNU+AFC MP Jermaine Figueira.
To the question from Figueira of how much direct assistance had been provided to the corporation over the last ten years ending in August 2020, Mustapha said the figure was $20b for 2010 to 2014 but he was unable to say what the figure was for 2015 to July, 2020.