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Cash flow hurdle

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Cash flow hurdle

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THE UNIVERSITY OF THE WEST INDIES (UWI) Cave Hill Campus has had to put some major projects on hold due to a lack of finance.
Word of this came from principal and pro vice-chancellor Professor Sir Hilary Beckles, who noted that while officials were close to completing the university’s master plan, which involved the building of three modern facilities, they were trying to find “the best balance between sacrifice and growth”.
Sir Hilary was responding to questions from members of the media yesterday at the university during the official launch of the institution’s 50th anniversary celebrations and unveiling of a logo. The festivities will run for the year under the theme Path To Prosperity.
“We are holding it together,” he said, “Growth is never a straight line; it goes up and down as you can see. So we are holding on. We do have cash flow difficulties,” acknowledged Sir Hilary, adding that he did not believe the financial problems the university had were different from any other tertiary institution anywhere else. (MM)