Subscribe to RSS feedUniversity gets short-term bailout from IMO
by
Steve Matthews, London
—
last modified
Jul 02, 2010 03:18 PM
THE INTERNATIONAL Maritime Organization Council has agreed to use £500,000 (US$740,000) from its Technical Co-operation Fund reserves to bail out the financially-troubled World Maritime University.
The WMU has run into financial problems due to the withdrawal of funding from some donors and a lack of new sources of finance to replace the lost funding.
This has resulted in substantial budget shortfalls this year and next...
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