The executive management of the University of the West Indies is set to host a planning retreat today to discuss the expected shortfall in revenues and how best to treat with it.
A media release from the university said many students and governments are experiencing difficulties in meeting financial obligations regarding tuition fees and related economic costs for teaching and learning.
The university says it is committed to cutting expenditure and increasing revenues by 10% per year in each of the next three years.
At the retreat, Vice-Chancellor, Professor Sir Hilary Beckles will present for approval “Operation Revenue Revolution.”
The university expects each campus to implement bankable commercial projects in an effort to strengthen its entrepreneurial functions and rewards.