{"id":20806,"date":"2018-10-12T15:56:02","date_gmt":"2018-10-12T19:56:02","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=20806"},"modified":"2018-10-12T15:56:04","modified_gmt":"2018-10-12T19:56:04","slug":"pm-commits-to-writing-monthly-cheques-to-clear-uwi-debt","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/pm-commits-to-writing-monthly-cheques-to-clear-uwi-debt\/","title":{"rendered":"PM Commits To Writing Monthly Cheques To Clear UWI Debt"},"content":{"rendered":"
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Vice Chancellor of the University of West Indies (UWI) Professor Hilary Beckles says Prime Minister Gaston Browne has given a commitment to clear debts owed to UWI.<\/p>

\"\"<\/a><\/div>\n\n\n\n

He disclosed that <\/g>Prime Minister Browne has committed to writing a cheque every month for the next six months to the university.<\/p>\n\n\n\n

Regional governments are also clearing arrears to the institution, according to Beckles.<\/p>

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During a press conference on Thursday at the UWI\u2019s Cave Hill campus here , Beckles said progress is being made in recouping millions of dollars and \u00a0revealed\u00a0 that the selection made by Caribbean Community (CARICOM)\u00a0 leaders for Prime Minister Timothy Harris of St. Kitts Nevis to\u00a0 negotiate settlement of the receivables with fellow prime ministers was working well.<\/p>

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\u201cIn the last four months, Prime Minister Harris has spoken to all the Prime Ministers. He has put in place a system where his office is engaging all of them to speak about how to get these receivables made available to the UWI.<\/p>\n\n\n\n

\"\"<\/a>
Sir Hilary Beckles<\/figcaption><\/figure>\n\n\n\n

\u201cSo far he has made significant strides. A number of countries, especially in the Eastern Caribbean [have] paid significant blocks of revenue into to us as a result of his shuttle diplomacy,\u201d Sir Hilary disclosed.<\/p>

\"\"<\/a><\/div>\n\n\n\n

Beckles noted that although Barbados is experiencing serious economic challenges, it is treating the money owed to the university as a national debt with a pledge never to renege on its financial obligation .<\/p>\n\n\n\n

The Vice Chancellor noted that the methodology which the university had presented to the Government leaders proposed that where they could not give cash, performing assets would suffice to strengthen the UWI\u2019s balance sheets and improve future revenues.<\/p>

\"\"<\/a><\/div>\n\n\n\n

\u201cAfter his engagement with the Prime Minister of Trinidad and Tobago, Prime Minister [Keith] Rowley, who is a great supporter of this\u2026 in fact, in that meeting with the heads, Prime Minister Rowley is one of those who said \u201cwe have to make good\u2026 our financial relations with the UWI.\u201d<\/p>

\"\"<\/a><\/div>\n\n\n\n

Sir Hilary told reporters that Rowley also signed an agreement with the university to transfer a brand new state-of-the-art public hospital in\u00a0\u00a0\u00a0East Trinidad as a performing asset.<\/p>\n\n\n\n

The UWI Vice Chancellor also said\u00a0\u00a0\u00a0that other Caribbean countries are working through other strategies.<\/p>\n\n\n\n

<\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

Vice Chancellor of the University of West Indies (UWI) Professor Hilary Beckles says Prime Minister Gaston Browne has given a commitment to clear debts owed to UWI. He disclosed that Prime Minister Browne has committed to writing a cheque every month for the next six months to the university. Regional governments are also clearing arrears […]<\/p>\n","protected":false},"author":3,"featured_media":12767,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-20806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nPM Commits To Writing Monthly Cheques To Clear UWI Debt - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/pm-commits-to-writing-monthly-cheques-to-clear-uwi-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM Commits To Writing Monthly Cheques To Clear UWI Debt\" \/>\n<meta property=\"og:description\" content=\"Vice Chancellor of the University of West Indies (UWI) Professor Hilary Beckles says Prime Minister Gaston Browne has given a commitment to clear debts owed to UWI. He disclosed that Prime Minister Browne has committed to writing a cheque every month for the next six months to the university. 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