ENCOURAGING NEWS: THE PPP GOVERNMENT IS COURTING THE GUATEMALAN PRIVATE SECTOR TO HELP RESCUE THE GUYANA SUGAR INDUSTRY
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* Faced with steadily declining production by the state-owned Guyana Sugar Corporation (Guysuco), Guyana is courting the Guatemalan private sector to invest in the sugar industry here, Foreign Minister Carolyn Rodrigues-Birkett said Monday.
* The authorities in Guysuco are already in touch with a company in Guatemala who has shown a keen interest in working in the sugar sector in Guyana. We hope that those discussions would be fruitful,â the minister told a news conference. San Diego operates a factory named Trinidad.
* With that Central American country ranked 3rd globally in sugar production and efficiency, Guyana hopes to tap into the expertise from that private-sector led industry.
* Right now the sugar industry in Guyana is on LIFE SUPPORT.
* Sugar production last year was 186,000 tons---lowest in 22 years.
* Guatemala produced nearly 2 million tons of sugar last year.
* CAN THE PPP BUILD A BRIDGE TO GUATEMALA ?
* Some foreign investor will have to help revive the sugar industry---GUYSUCO is hopeless---the PPP FAT CATS at Guysuco are prospering while SUGAR perishes.
* HOPEFULLY GUATEMALA or someone else will come in and rescue the industry.
Rev