Story number 5 for 20 Mar 2003

By March 20, 2003

(International)–And, the Baptist World Alliance has pared back its budget in light of a tough economy and anticipation of decreased funding from the Southern Baptist Convention. BWA authorities say they are looking for solutions to their financial woes because they are not willing to continually use the reserves. The financial difficulties increased when the Southern Baptist Convention’s executive committee unveiled plans last month for a global initiative that would redirect 30 percent of the funding it has traditionally given to the alliance.

Leave a Reply