18th Call for Proposals
Funding innovation – Making a difference
The Common Fund for Commodities (CFC) is seeking applications for financing projects along the commodity value chains. CFC provides a range of financial and technical instruments to support projects proposed by SMEs/enterprises, cooperatives, and institutions along the entire commodity value chain in its member countries.
The support is offered mainly through loans for equipment, working capital or trade finance to invest in productivity and value chain upgradations. The CFC seeks applications of projects that have reached a state of economic, social and environmental sustainability. These applications should clearly show operational and financial viability, with a proven track record. Women entrepreneurs are encouraged to apply.
To contribute to poverty alleviation by strengthening the income-generating capacity of commodity producers and mitigating vulnerability to their economic well being.
To strengthen and diversify the commodity sector in developing countries and transform it to be a major contributor to poverty alleviation and sustained economic growth and development.
Please read our application template with care and submit when you think you fulfill those criteria in line with CFC’s mission and vision. Please don’t hesitate to contact us should you have any query at firstname.lastname@example.org .Read more
67th Meeting of the Consultative Committee
The 67th Meeting of the Consultative Committee (CC) will be held from 25 to 28 January 2021. In view of the COVID-19 pandemic, the meeting will be held in cyberspace for the second time. This will be the first meeting of the CC in its new composition after the nomination of the new members by the Executive Board and represents a milestone for the CFC in its pursuit of gender equality. For the first time in CFC history, there will be more women than men on the Committee, reflecting the continuous effort of the CFC for achieving gender equality.
It is expected that the Committee will consider seven project proposals seeking CFC finance. Furthermore, the CC will discuss operational aspects of the Fund, such as reviewing the current pipeline of projects, the impact management practice of the CFC and the risk assessment of the loan portfolio.
As the COVID-19 pandemic continues to rage across the globe, the work of the CC, providing a valuable guidance for the CFC, becomes even more relevant for supporting the commodity producers in developing countries.Read more
CFC Response to COVID 19 pandemic – update 24 March 2021
What is Common Fund for Commodities (CFC) doing about the coronavirus outbreak?
Responding to the ongoing pandemic of Coronavirus, COVID-19, the Common Fund for Commodities (CFC) has adopted several measures based on most recent guidelines announced by the Government of the Netherlands on 23 March 2021. At the same time the CFC endeavors to keep up to date with all of the changing guidelines globally, with a specific focus in its Member Countries. When the World Health Organization categorized the spread of the virus as a pandemic, it became incumbent on all of us to be innovative in adopting appropriate measures.
These measures pertain to contingency staffing, working from home and quickly adapting to virtual meetings etc. However, the CFC as an organization that is devoted to the socioeconomic development of commodity producers, remains acutely aware of its enhanced duties at this time of pandemic. We are focusing on providing all necessary support to our projects partners assisting them to remain on course during this challenging time. The CFC is working hard to remain in contact with the project implementing authorities, providing support to minimize the impact of COVID-19, whenever possible.
Internally, staff are advised to observe all COVID-19 related protocols such as social distancing, washing hands regularly, working from home as much as possible and staying at home when unwell. The CFC has implemented these measures to minimize the risks of transmission of this virus and to offer staff a safe working environment should they choose to work from the office. All reasonable measures are taken to protect CFC staff and its clients, while minimizing the impact of the outbreak on the implementation of the CFC’s activities in 2020 and beyond. We currently operate at full capacity with most work being done from home in the virtual “cloud office” of the CFC.
The CFC Member States were duly informed and updated about these measures during 70th Executive Board Meeting and the 32nd Governing Council Meeting which were held, virtually, on 1 October 2020 and 9 December 2020 resp.
In the meantime, the CFC would like to highlight the essential nature of enhanced global cooperation to keep commodity supply chains as minimally impacted as possible, which is at the center of the CFC’s mission as an UN affiliated International Financial Organization.
On 23 June 2020, the Executive Board of the CFC approved the establishment of the Emergency Liquidity Facility under the authority of the Managing Director which will assist qualifying companies to cover the need for additional working capital caused by the pandemic.
The CFC will continue its quest to keep itself in a state of readiness so that resiliency in the supply chain continues when lockdown restrictions imposed due to COVID-19 begin to ease. We will have to work in unity and with solidarity with all our partners and peers to emerge with as few disruptions as possible, while taking note of the positive silver linings, such as increased network preparedness and the increased familiarity with online business connectivity between the developing and developed world and to tweak, where appropriate, our work in the future.
Please write to us at email@example.com if you have any comment/suggestion/idea to share.CFC’s COVID-19 situation briefing United Nations Update COVID-19 Global Trade Helpdesk COVID-19 WHO - COVID-19 advice
Making commodities work for everyone
The Common Fund’s mandate is to enhance the socioeconomic 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.
These resources consist of voluntary contributions, capital subscriptions by Member Countries transferred to the Second Account and interest earned. In partnership with other development institutions, the private sector and civil society, the Fund endeavours to achieve overall efficiency in and impact on commodity development.
CFC is proud to play a catalytic role in promoting and supporting poverty alleviation through commodity- focused development.
Ambassador of the Republic of Iraq visits CFC
8 April 2021, Amsterdam. H.E. Dr. Hisham Al-Alawi, Ambassador of the Republic of Iraq to the Netherlands, is seen with Managing Director Ambassador Sheikh Mohammed Belal at the Secretariat of the CFC. H.E. Dr. Hisham Al-Alawi, today paid a courtesy visit to the Common Fund for Commodities to discuss matters to enhance commodity development and trade in the Republic of Iraq.
His Excellency Al-Alawi was accompanied by Dr. Hayder Salh Al-Asadi, First Secretary at the Embassy. Ambassador Belal was accompanied by Ms. Michèle Schwarz, Head of Accounting and Administration.
Ambassador of the Republic of Indonesia visits CFC
1 April 2021, Amsterdam. H.E. Mr. Mayerfas, newly appointed Ambassador of the Republic of Indonesia to the Netherlands, is seen with Managing Director Ambassador Sheikh Mohammed Belal at the Secretariat of the CFC. H.E. Mr. Mayerfas came to visit CFC for the first time to know more about the activities of the CFC and its impact on the ground.
Ambassador Mayerfas was duly briefed about the ongoing reforms that CFC is undergoing to serve the member states better in the days to come. Ambassador Belal elaborated on the elements, what he termed as green recovery in a post pandemic era, to help COVID-19 wrecked small holder and SMEs to get to their feet at the earliest.
Meeting with officials from the Egyptian Ministry of Agriculture and Land Reclamation, Ministry of Foreign Affairs, Cairo and Embassy of Egypt, The Hague
31 March 2021, Amsterdam. H.E. Ambassador Sheikh Mohammed Belal, Managing Director of the Common Fund for Commodities (CFC), met officials from the Ministry of Agriculture and MSMEDA. The meeting was initiated by H.E. Mr. Hatem Elsayed, Ambassador of Egypt in The Hague, and took place online on 31 March 2021. During the meeting Ambassador Belal was accompanied by Mr. Axel Gruber, Chief Operations Officer of the CFC, and Mr. Andrey Kuleshov, Strategy and Development Advisor of the CFC.