The Guyana restructuring plan is approaching completion
01 February 2006
According to Nick Jackson, the chief executive of the Guyana Sugar Corporation, sugar restructuring in Guyana will cost some US$600 million. Stabroek news reports that the restructuring plan which is approaching completion includes ‘modernisation of the local sugar industry and its diversification within and outside sugar-cane production’, including ‘through the production of ethanol and other by-products’ and diversification into other cash crops and cattle production.
Editorial comment
While plans may be approaching completion, unless innovative approaches to resource-mobilisation and deployment are adopted it may be many years before EU support is actually deployed in-country. Guyanese farmers are fully aware of this, having faced considerable problems of EU resource mobilisation and deployment in the rice sector.
