“Staggering debt” didn’t happen overnight
Pardon our cynicism, but we are headed into an election campaign in the next few weeks, aren’t we?
Promises fell like raindrops as Prime Minister Stuart and Finance Minister Sinckler assured SIR Hilary Beckles that the government will somehow shove some money to the UWI to stave off the creditors.
Free education is not so free, doan ya know?
A hundred million here, three hundred million there, seventy million over there… pretty soon you be talkin’ real money!
Dear readers: please go to the website of The Nation to read A hand for UWI – but you know we have to reprint the entire article here because The Nation has deleted and changed stories in the past to suit political agendas, and seeing as how our story is based upon their story, we have to reprint the whole thing…
A Hand for UWI
GOVERNMENT, with Prime MINISTER Freundel Stuart and Minister of Finance Chris Sinckler at the forefront, is coming to the rescue of the cash-strapped University of the West Indies (UWI).
Principal and Pro Vice-Chancellor Sir Hilary Beckles said he had met over the last few days with Stuart and Sinckler, and they had given the assurance that Government would be coming to the aid of the university that has a staggering debt surpassing its operational costs.
Speaking yesterday evening at a matriculation ceremony at the Roy Marshall Teaching Complex to launch the new semester, Sir Hilary said Government had made a commitment to the university to which it owes $150 million.
“[Stuart and Sinckler] have given us assurances and they have made commitments to us that we must enter into this semester with confidence and courage, because arrangements are being put in place to ensure that this campus and university are financially alleviated in the next few weeks and in the next few months.