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UWI official: No such debt

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UWI official: No such debt

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THE UNIVERSITY?of the West Indies at Cave Hill has not incurred any debt during its recent physical expansion phase which any regional government is obligated to repay.
This was made clear yesterday by a member of the UWI’s finance and general purposes committee, one of the university’s highest decision-making bodies that oversee its finances, and which comprises representatives of the UWI, regional governments, the local private sector and the Cave Hill student body.
Last month, principal of the Cave Hill campus Sir Hilary Beckles announced that the Barbados Government had owed it $90 million, but this figure was disputed last Sunday by Minister of Finance Chris Sinckler who also spoke of the long- and short-term debt Government would have to service for the campus.
However, the Cave Hill official, who asked not to be identified, said: “Any monies owed by any regional government relate strictly to the costs of educating its students. (ES)
Full story in today’s MIDWEEK NATION.