Abstract
Putting Reality Ahead of Myths: Latin American Reform
Highlights
The scheme has been redesigned a number of times
The trust fund was managed by the West Indies Trust Company and the loans were processed by the SLB, while the government guaranteed principal and interest in the event of default
The long-term goal is to convert the SLB into a selffunding organization that will borrow from the private sector and sell its loans to a secondary market
Summary
The scheme has been redesigned a number of times. At first, it was managed by the SLB and funded by government budgetary allocation. The quest for increased reform in Latin American higher education requires sober but balanced assessment of its reality. This process is hampered by the overarching myth that a classical university of academic excellence is the appropriate model—desirable and realistic—for higher education throughout Latin America.
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