KINGSTON, Jamaica -- The Jamaica Social Investment Fund (JSIF) has admitted that it has lost its control over social interventions programming in most communities, but believes that with sustained government support it can carry on its work.
The issue came up Wednesday, as the weekly meeting of Parliament's Public Adminis ...more »
KINGSTON, Jamaica - Opposition Spokesman on Finance, Audley Shaw, today said that the Capital Development Fund, which was established by law in 1974 to administer the proceeds of the Bauxite Levy, should be returned to its original purpose.
Shaw argued that the fund was intended for investment in a wide range of development and technology-driven projects as well as retraining workers to participate in new and emerging industries.
"We owe it to future generations to plough back resources into sustainable Capital Development so that new industries can be created, providing productive employment opportunities, rebuilding communities that have been devastated by extraction of bauxite, and providing basic infrastructure for these communities,” he said.
Shaw said that Government should not make the same mistake with the CDF in regard to the extraction of rare earth elements from red mud lakes.
POST A COMMENT
1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper – email addresses will not be published.
2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
4. Please do not write in block capitals since this makes your comment hard to read.