Friday, April 12, 2024

$90m owed to UWI


Share post:

Barbados is now the most indebted of the 17 participating governments in the Cave Hill Campus of the University of the West Indies, owing $90 million.
Principal Sir Hilary Beckles said yesterday: “We know that the Government is hurting. We are hurting very badly. It is a very difficult environment so I believe that with very skilful decision making and clear thinking, we can get through this.”
He said: “This recession has obviously placed the Government in a very difficult situation in terms of its fiscal deficit, in terms of measuring its cash flow. So what we are doing is working very closely with the Government.”
The debt is in the form of tuition fees and economic costs of the students.
 The university has attracted $50 million from the international community to fund faculty research in the last three years and $80 million in the last seven years, Sir Hilary said.
Read the full story in today’s DAILY NATION.

Previous article
Next article


Please enter your comment!
Please enter your name here

Related articles

Motion against DLP president ruled invalid

The no-confidence motion brought against president of the Democratic Labour Party (DLP), Dr Ronnie Yearwood, is invalid. That is...

Israeli airstrike kills three sons of Hamas political leader in Gaza as ceasefire talks stutter

Three sons of Hamas political leader Ismail Haniyeh were killed in an Israeli airstrike in Gaza Wednesday, with Haniyeh insisting...

Wanted Man: Raphael Nowell

The Barbados Police Service (TBPS) is seeking the assistance of the public in locating Raphael Diego Nowell alias...

U.S. hurricane forecasters embark on preparedness mission to the Caribbean

NOAA NWS National Hurricane Center - With the 2024 hurricane season fast approaching, NOAA and the U.S. Air...