Common Fund for Commodities becomes conference’s first Network Partner

Common Fund for Commodities becomes conference’s first Network Partner

Common Fund for Commodities

As the first organisation to pledge their commitment as a Network Partner, The Common Fund for Commodities (CFC) secures the two day conference as an opportunity to boost notoriety amongst the participants. The organisation is an autonomous intergovernmental financial institution established within the framework of the United Nations. The Agreement Establishing the Common Fund for Commodities was negotiated in the United Nations Conference on Trade and Development (UNCTAD) from 1976 to 1980 and became effective in 1989.

The Common Fund for Commodities forms a partnership of 101 Member States plus 9 institutional members. Membership of the Fund is open to all Member States of the United Nations or any of its specialised agencies, or of the International Atomic Energy Agency, and intergovernmental organisations of regional economic integration which exercise competence in the fields of activity of the Fund.

The organisational mandate is to enhance the socio-economic development of commodity producers and contribute to the development of society as a whole. In line with its market-oriented approach, the Fund concentrates on commodity development projects financed from its resources.