CDB provides grant funds to help University of Belize improve operations
Posted in: Regional News | 25 July 2015 | 3780
he government of Belize is continuing its focus on expanding access to quality tertiary education by looking at ways to improve operations at the University of Belize (UB).
The Caribbean Development Bank (CDB) has approved a grant of US$400,000 to the government of Belize to facilitate a comprehensive institutional assessment of UB, which will inform on how to enhance its operations, and become the place of choice for tertiary level education in that country.
The Belize government, which sees the university as playing a pivotal role in meeting the development needs of the country, will provide counterpart funding of US$88,000 for the institutional assessment.
The review will address the adequacy, effectiveness, efficiency and sustainability of the corporate systems and operational procedures, and assist the institution to increase enrolment.
The approval of these grant funds follows a CDB loan of US$35 million, which was approved in May 2015, to be used mainly for enhancing the outcomes at the basic education level thereby producing more students qualified to pursue tertiary level education.
CDB’s operations officer, education, Idamay Denny, said the review of UB is important because opportunities have to be provided for the children who are achieving better outcomes to continue their education.
“The government of Belize recognizes that there is need to enhance the capacity of the University of Belize to take in the additional throughput that will arrive out of the enhancement of education at the basic education level. Hence the focus on improving the potential for the university to perform this role,” Denny said.
UB, which is one of three tertiary institutions in the country, is home to 80 percent of the more than 5,000 registered university students in Belize.
The country’s Strategic Policy (2010) outlines a direction for UB that seeks to improve the quality and relevance of higher education, and strengthen the governance of the university with emphasis on increased student achievement.
However, while UB has registered a 57% increase in its enrolment between 2003 and 2013-14, tertiary enrolment rates in Belize still lag significantly behind other countries of the region. Both the government and the university have indicated that in the medium term these issues must be addressed if UB is to achieve its objectives and realize the stated goals for expansion of tertiary education in Belize.
UB has therefore identified the need for reviewing the current approaches to address human resource management, risk management, procurement, financial operations, and cost-recovery and income diversification strategies.
The review effort accords with the strategic pillar of education for development as articulated in Horizon 2030, the development plan of the government of Belize.
- (2017/03/31) - CARICOM Human Resource Development Strategy gets attention of Regional Education Ministers - Read more ...
- (2017/03/17) - CDB funds project to prevent loss of correspondent banking relationships - Read more ...
- (2017/02/22) - CDB, IDB sign agreement to strengthen partnership - Read more ...
- (2017/02/21) - Further UG, UWI collaboration – students to mix programmes between two institutions - Read more ...
- (2017/01/25) - CXC e-testing begins - Read more ...