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US$600M Fund Needed For Universities To Help Drive Economic Diversification

(Barbados Today) As universities globally grapple with funding challenges precipitated by sharp falls in government funding and a decline in enrolment, The University of the West Indies (The UWI) convened a landmark meeting on Wednesday, Oct. 14.

This first-ever virtual Development Partner Forum focused on “Investing in higher education to build more diversified and resilient post-COVID economies” and was organized jointly with the United Nations Economic Commission for Latin America (ECLAC).

As part of the emergency investment in the Caribbean region is a proposal by the Vice-Chancellor of The UWI, Professor Sir Hilary Beckles, to establish a US$600 million multi-donor trust fund to prevent systemic decline in the region’s higher education and research sector.

Vice-Chancellor Beckles issued his call to action during his presentation on the topic “Fixing the Broken Links: Crisis in higher education, research, international competitiveness and inclusive economic development”.

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