House Approves CDF Withdrawal to Settle JBM Debt
The House of Representatives on Tuesday, March 25, approved the withdrawal of US$6 million from the Capital Development Fund (CDF), to settle Jamaica Bauxite Mining Limited’s (JBM) alumina supply obligations to Glencore AG. Minister of Finance and Planning, Dr. the Hon. Peter Phillips explained that the funds will be used to pay the first and second installments of quarterly payments...



