Who we are

The Common Fund for Commodities (CFC) 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 first commodity development project was approved in 1991.

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Our Mission

Governing Bodies

Governing Council

The Governing Council consists of the representatives of CFC’s Member States. It meets annually, and is attended by Member States and Institutional Members, together with observers representing intergovernmental organizations.
The Governing Council determines the policies and the main lines of work of the Organization. The official languages of the Governing Council shall be the official languages of the United Nations.

Governing Council documents (Documents from
Governing Council Meetings)

Executive Board

The Executive Board ensures the overall management of CFC. It prepares the work of the Governing Council and sees that its decisions are properly carried out. The Executive Board meets twice a year.

Executive Board Documents (Documents from Executive Board Meetings)

Consultative Committee

The Consultative Committee, composed of nine independent experts, on technical and economic aspects of projects submitted to the Fund, is an advisory body for the Executive Board. The Consultative Committee meets twice a year.

Consultative Committee Documents (Documents from Consultative Committee Meetings)

Managing Director

The Governing Council at its 31st Annual Meeting, on 4 December 2019 in The Hague, elected, by consensus, Ambassador Sheikh Mohammed Belal as Managing Director for a four-year term.

Before assuming his position at the CFC, H.E. Sheikh Mohammed Belal served as Ambassador of Bangladesh to the Kingdom of the Netherlands with concurrent accreditations to the Republic of Croatia, and Bosnia and Herzegovina from March 2014 to February 2020. Before this time, he served in Bangladesh Missions in Washington, Canberra, Kuala Lumpur and Tashkent in different capacities. H.E. Sheikh Mohammed Belal also served as the Permanent Representative of Bangladesh to the Organization for the Prohibition of Chemical Weapons (OPCW). During his tenure in the OPCW, Ambassador Belal also served in different capacities including Chairperson of the Executive Council from 2017 to 2018.

Previous Managing Directors

Ambassador Belal is a member of the Board of Directors of the Trust Fund for Victims of the International Criminal Court since December 2018. Furthermore, the Bureau of the Assembly of States Parties appointed Ambassador Belal as “Facilitator for the Trust Fund of Victims” for the term 2015-2016. Ambassador Belal is also a member of the International Gender Champions and committed to the parity pledge of the International Gender Champion.

Ambassador Sheikh Mohammed Belal obtained a Master’s in Public Administration from Harvard University in the USA, a Master’s in International Relations and Trade from Monash University in Australia and also did his graduation in Forestry at Chittagong University in Bangladesh.


 
 
 
 
 
 
 
 
 
 
 
 

Biography

English | French

Member States

CFC has 101 Member States and 9 Institutional Members

Membership of the Fund is open to all States Members 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.

List of Member States

Special Mentions

The Common Fund’s partnership with OPEC Fund for International Development (OFID) is historic and dates back to the very inception of the Fund. The OPEC Fund not only facilitated and paid capital subscription for as many as 37 Least Developed Countries (LDCs) but continues to make contributions under “Framework of Financial Support” towards CFC’s commodity development projects for the least developed countries and poorer strata in other developing countries.

The Kingdom of Norway and the European Commission have been supportive of the Fund and have sponsored capital contribution of 9 and 3 countries respectively.

The Kingdom of the Netherlands: A Trust Fund arrangement set up by the Netherlands Ministry for Development Cooperation to support CFC projects with co-financing contributions for the Five Year Action Plan.

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Annual Report

The year 2019 was stated to be a year of new ideas and project initiatives on a range of subjects covering commodities and their impact on both the producers as well as on the consumers. The focus has been on new activities which are aligned with the CFC’s vision of the role of commodities as the foundation of the economic development for the poor.

Responding to the interests of the Members of the CFC, this report includes feature articles on emerging topics of strategic importance:
(i) Alternative financing mechanisms for smallholder farmers,
(ii) Blockchain technologies and their potential in international development, and
(iii) Social and Environmental Risk Management systems (SEMS).

Employment Opportunities

Vacancies in the Secretariat are announced on this website and are also notified to Members of the CFC. They are open only to nationals of Member Countries of the CFC. The working language of the Common Fund is English. All staff members of the Common Fund work at its headquarters in Amsterdam, The Netherlands.

Vacancies

Contact info

The Headquarters of the Common Fund are located in Amsterdam, The Netherlands. The Secretariat is small and there are no regional offices.

Address

Rietlandpark 301

1019 DW Amsterdam, the Netherlands

P.O. Box 74656

1070 BR Amsterdam, the Netherlands

Telephone and E-Mail

Telephone: +31 20 5754949
Fax: +31 20 6760231
E-mail:

managing.director@common-fund.org

CFC Logo

For the purposes of any publications requiring the use of CFC logo

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