by Clive Bacchus
St. Kitts and Nevis (WINN): Regional governments that have not met their financial obligations to the University of the West Indies (UWI) have negotiated asset-for-debt deals with the regional institution.
UWI’s Vice-Chancellor Sir Hilary Beckles, told regional media Monday (March 1) about the impact those non-payments have had on the institution.
Apart from government financing, pension liabilities and student debt also contribute to the spike in receivables.
Sir Beckles reports significant progress in discussions with governments and he praised the role of St. Kitts and Nevis Prime Minister Dr. Timothy Harris in the process.
Here are some examples of an asset for debt swaps by some regional governments.
