Govt, not UWI, to repayMinister of Education Ronald Jones. (FP)
Wed, July 11, 2012 - 12:09 AM
IT IS GOVERNMENT and not the University of the West Indies (UWI) Cave Hill Campus that will repay $41 million that the tertiary institution has borrowed from the National Insurance Board.
In fact, Minister of Education Ronald Jones said yesterday when debate resumed in Parliament on a resolution to approve a Government guarantee of the loan, that payments had already commenced and the university did not have to shell out a cent.
Jones sought to give that explanation after the Opposition expressed concern that the university was being asked to take out a loan to pay itself a debt owed by Government.
“The University of the West Indies received the $41 million already, spent the $41 million and the guarantee is to ensure the state itself pays that money back to the National Insurance Board,” he said.Please read the full story in today’s MIDWEEK NATION, or in the eNATION edition.
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