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Vice-Chancellor wants UWI to cut spending by 10% over two years

Vice-Chancellor at the University of the West Indies (UWI), Professor Sir Hilary Beckles, wants all campuses and regional headquarters of  the regional tertiary institution to cut spending by 10 per cent over the next two years.
 
A UWI statement said Sir Hilary made the call during a recent two-day retreat which focused on the university's financial condition.
 
The UWI said the vice-chancellor tasked all entities of the institution with consolidating academic programmes to adopt a robust out-sourcing methodology that targets non-core expenditure.
 
It said he also requested that operational units increase revenue-generation by 10 per cent to achieve savings of US$30 million.
 
According to UWI, in the last two decades, it has been challenged with rising levels of receivables from governments on account of the narrowing fiscal space associated with falling competitiveness and meeting International Monetary Fund (IMF) conditionality.
 


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