17th Open Call for Proposals

Funding Innovation

Making a Difference

The Common Fund for Commodities (CFC) provides a range of financial and technical instruments to support projects proposed by enterprises, cooperatives and institutions along the entire commodity value chain in its member countries. These activities cover all segments of the value chain (including production, processing, financing, marketing etc.). This includes services and support functions, that help all participants in the process of value generation to improve the economic, social and environmental well-being of its poorest participants at the bottom of the pyramid.

MISSION

To contribute to poverty alleviation by strengthening the income-generating capacity of commodity producers and mitigating vulnerability to their economic well being.

VISION

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.

The support is offered mainly through loans to finance equipment, working capital or trade finance needs. 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.

All interested parties are kindly invited to submit qualifying proposals no later than 15 October 2020. Read more

CFC Response to COVID 19 pandemic – update 10 August 2020

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 the current guidelines announced by the Government of the Netherlands. 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 69th Executive Board Meeting which was held, virtually, on 08 April 2020.

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   covid19-response@common-fund.org   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

Our Mission

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.

UPCOMING EVENT
Preparatory Meeting for the Members of the Executive Board

Amsterdam, 30 September 2020

70th Meeting of the Executive Board

Amsterdam, 1 October 2020

All events

Our Projects

In the least developed countries people heavily depent on commodities for their livelihood. Thus, commodities form the backbone of economies and they account for the bulk of the export earnings of countries.

CFC is proud to play a catalytic role in promoting and supporting poverty alleviation through commodity- focused development.

News

CFC joins Annual Ministerial Meeting of the Group of Landlocked Developing Countries, New York, 23 September 2020

New York, 23 September 2020. CFC joins Annual Ministerial Meeting of the Group of Landlocked Developing Countries.

CFC attended the “Annual Ministerial Meeting of the Group of Landlocked Developing Countries” organized at New York on 23 September 2020 where Foreign Ministers from Landlocked and other states gathered virtually to discuss the theme “Partnering for accelerated implementation of the Vienna Programme of Action (VPoA) and achieving sustainable development in LLDCs in the era of COVID-19”. H.E. Mr Mukhtar Tileuberdi, Foreign Minister of Kazakhstan, chaired over the event.

READ MORE +

Trade Finance: CFC’s inclusive model serving exports of SME’s in developing countries

On 17 September 2020, the Common Fund for Commodities held a webinar about CFC’s inclusive model serving “trade finance” needs of SME’s in developing countries. Lack of access to finance is often cited as one of the main barriers for trade. Finance is key for maintaining strong committed trading relationships along the value chain, but SME’s often do not manage to get the finance they need. The CFC facilitates the international market potential of enterprises in commodity chains by trade finance, bridging the liquidity gap from the time of sourcing of produce from farmers to payment by the importer.

READ MORE +

Ambassador of the Islamic Republic of Afghanistan visits CFC

17 September 2020, Amsterdam. H.E. Mr. Mohammad Asif Rahimi, Ambassador of the Islamic Republic of Afghanistan to the Netherlands, is seen with Managing Director Ambassador Sheikh Mohammed Belal at the Secretariat of the CFC.

READ MORE +