Pri­va­ti­za­ti­on, over­all clo­su­re among op­ti­ons pre­sen­ted to Ca­bi­net for GuySuCo’s fu­tu­re

Times of Suriname - - ENGELS -

A num­ber of op­ti­ons on the way for­ward for the su­gar in­du­stry we­re pre­sen­ted to mem­bers of Ca­bi­net on Tues­day last. Spea­king on the dis­cus­si­ons that oc­cur­red in this re­gard bet­ween Govern­ment and the team from the Gu­y­a­na Su­gar Cor­po­ra­ti­on (GuySuCo) was Mi­nis­ter of Sta­te, Jo­seph Har­mon.

Har­mon said that the of­fi­ci­als pre­sen­ted a num­ber of al­ter­na­ti­ves re­gar­ding the way for­ward with the sec­tor. The Mi­nis­ter of Sta­te de­cli­ned ho­we­ver to re­ve­al what tho­se op­ti­ons we­re. Ho­we­ver, Kai­e­teur News was ab­le to con­firm from two Govern­ment Mi­nis­ters that the op­ti­ons up for con­si­de­ra­ti­on in­clu­de pri­va­ti­za­ti­on as re­com­men­ded in the Com­mis­si­on of In­quiry in­to GuySuCo and the most ex­tre­me being the clo­su­re of the sec­tor. Ac­cor­ding to the COI re­port, it was re­com­men­ded that the pro­cess of pri­va­ti­za­ti­on should start as ear­ly as prac­ti­ca­ble with an aim to be com­ple­ted within a three-year pe­ri­od. As a con­se­quen­ce, the re­port said that the sta­te should di­vest itself of all as­sets, ac­ti­vi­ties and ope­ra­ti­ons cur­rent­ly as­so­ci­a­ted with GuySuCo.

The fu­tu­re of the Gu­y­a­na Su­gar Cor­po­ra­ti­on (GuySuCo) and the need for a tur­na­round plan we­re high on Ca­bi­net’s agen­da and was a to­pic of dis­cus­si­on last week. Har­mon, du­ring a post ca­bi­net press brie­fing, told re­por­ters that so­me de­ci­si­ons re­gar­ding the sec­tor will ha­ve to be ma­de by year end. The po­li­ti­ci­an re­cal­l­ed that af­ter the pre­sen­ta­ti­on of the COI re­port on GuySuCo, Ca­bi­net was brie­fed by the Com­mis­si­o­ners. From that mee­ting, Har­mon said that Ca­bi­net out­lined a fi­ve-point ap­pro­ach to ad­dress the is­sues rai­sed by the Com­mis­si­on of In­quiry. The sub­com­mit­tee is ex­pec­ted to com­ple­te and pre­sent its re­port to Ca­bi­net within two weeks. The mem­bers of the sub­com­mit­tee in­clu­de Mi­nis­ter of Agri­cul­tu­re, Noel Hol­der; Fi­nan­ce Mi­nis­ter, Wins­ton Jor­dan; Na­tu­ral Re­sour­ces Mi­nis­ter, Rap­hael Trot­man; and Mi­nis­ter of Sta­te, Jo­seph Har­mon.

Mi­nis­ter Har­mon as­ked to spe­ci­fy what op­ti­ons we­re pre­sen­ted by the GuySuCo team and if one of tho­se in­clu­ded the clo­su­re of mo­re su­gar es­ta­tes, said, “The­re are op­ti­ons…and we are in the pro­cess of de­li­be­ra­ti­ons on the­se op­ti­ons.”

(Kai­e­teur news)

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