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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.


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