News and events
News overview
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CFC conference on Global Financial and Commodity Market Synergies to be held in Brussels
Given the scale and the depth of the recent financial and economic crisis, academic debates and policy discussions are currently taking place, to look at all aspects of the global financial system, including its governance and regulation.
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Executive Board Approves Latest Projects for Regional Support Measures
The Managing Director, Amb. Mchumo, says commodities are and will remain the most important component in the economic growth capacities and development strategies of commodity-dependent developing countries, adding that financing partnerships, such as the one between CFC and the OPEC Fund for International Development are playing a key role in these efforts in Africa, Asia and LAC region.
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MDG Award for CFC Sorghum Farmers
The award, for poverty alleviation was handed out by the International Chamber of Commerce (ICC), the United Nations Development Programme (UNDP) and the International Business Leaders Forum (IBLF) to acknowledge the project's groundbreaking sustainable local supply chain initiative in Sierra Leone and the role of private sector initiatives' contribution to Millennium Development Goals.
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CFC and ICBs gather in Yokohama for 17th annual meeting
ICB representatives reiterate that strong partnership with CFC is essential to advance commodity development and intervention measures for reducing vulnerability of commodity dependent LDCs in the face of the global economic crisis.
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Financing for market and credit access projects in LDCs approved by the Board
In a number of these projects, the OPEC Fund for International Development (OFID) is contributing financing for the benefit of LDCs. For the coffee project, the Common Fund is also partnering with the Netherlands-based Rabobank Foundation.
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CFC and INBAR see growth potential for bamboo and rattan products
The global bamboo and rattan markets have enormous potential for future growth. Demand is growing in developed and emerging markets, as the sector continues to expand its versatile product development base.
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Calling for policy shift in South-South cooperation to meet rural-urban migration challenges
South-South co-operation will become a key component in the upcoming review of the Millennium Development Goals (MDGs) in September 2010, especially in regard to how greater co-operation could be forged to tackle the current economic and financial crisis and to avoid reversing hard-won development gains attained so far.
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Amb. Mchumo signs documents to inaugurate coffee project for Guatemala and Jamaica
Amb. Mchumo and Dr. Christopher Tufton, Jamaica's Minister of Agriculture signed the inauguration documents for the CFC project: "Competitive Coffee Enterprises Program in Guatemala and Jamaica" with a cost of USD 4.8 million, and co-financing provided by Oikocredit, a development NGO based in The Netherlands. The project will improve the competitiveness of small coffee producers in selected regions in the two countries. The project implementation will also be supported by the Rural Development Bank of Guatemala (Banrural), ICO, and ANACAFE, Guatemala's national coffee association.
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Experts say link between commodities and development remains vital to economic growth in producing countries
Commodity dependent developing countries are still yet to enjoy the benefits of globalisation and free trade, because of the unpredictable nature and volatility of the global commodities markets--a situation, that generally during this post-crisis phase, will not get better any time soon, according to leading experts at the international seminar in The Hague to mark the 20th anniversary of the Common Fund.
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CFC celebrates 20 years of commodity development advocacy
In 2009, the Common Fund is celebrating 20 years in global commodity sector advocacy, development cooperation and partnership. To mark the occasion, the Fund will host a 20 th anniversary seminar on: " The Role of Commodities in Development ," December 14, at the World Forum, in The Hague. Representatives from leading international organisations and prominent guests have also been invited for the event. PROGRAMME & Hotel Information: Crowne Plaza & Novotel.