Caribbean Development Bank gives grant for UB improvements

Sunday, July 26, 2015. BMG: The Government has won a $400,000 grant from the Caribbean Development Bank (CDB) to undertake a comprehensive institutional assessment of the University of Belize (UB), with an eye to making it the place of choice for tertiary level education here.

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 University has 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. 

UB is home to 80 percent of the more than 5,000 registered university students in Belize and in the last ten years has increased enrolment by 57%, though full enrollment rates in Belize still lag behind the rest of the Caribbean.

GOB will provide counterpart funding of US$88,000 for the institutional assessment.

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.

UB, led by Alan Slusher, was founded in 2000 from a merger of five post-secondary educational institutions from around the country and has main campuses in Belmopan, Belize City and Punta Gorda.

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