Subscribe to RSS feedShort-term rescue for World Maritime University
by
Steve Matthews - Lloyd's List
—
last modified
Jun 15, 2010 01:27 PM
The International Maritime Organization Council has agreed to use £500,000 (US$740,000) from its Technical Cooperation Fund reserves to bail out the financially troubled World Maritime University.
The WMU has run into financial problems following the withdrawal of funding from some donors and a lack of new finance sources to replace the lost funding.
This has resulted in substantial budget shortfalls this year and next year, which if...
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