Tough times ahead for WMU
The IMO's World Maritime University in Malmö, Sweden is facing a financial crisis. According to the present budget WMU could face a EUR 900,000 deficit both this year and 2011. The new executive board rejected the first budget and are demanding a sustainable solution for the future financing. This will be discussed at the IMO Council meeting 7?11 June. A contributing factor to the deficit is that former donors have withdrawned their support, with reference to the current world economic situation.