Vish M posted:Privatization is a viable option
It is no longer on the table. That 12 months is only to show that the government has good faith.
Given the realities of sugar and the fact that Guyana's production costs are more than double world prices, it has an intractable trade union, and the fact that GuySICKO is tremendously indebted, who in their right mind will buy GuySICKO. The most they will buy will be the lands, with DDL probably buying enough cane land, and factories to guarantee a supply of molasses for their rum operations.
When Guysuco was in better shape it could have been privatized, but of any one thinks that a private owner will not do to sugar workers what the private owners of bauxite did to bauxite workers they merely fool themselves. Sugar in Demerara is finished.