CFC holds 70th Meeting of Executive Board by teleconference
Amsterdam, 2 October 2020. For the second time this year, due to the COVID-19 pandemic, the CFC had to arrange its Executive Board Meeting by teleconference, chaired by Ms. Anna Tofftén (Sweden). The meeting was well attended, including H.E. Ms. Maria Resende Encoge, Ambassador of Angola; H.E. Ms. Jaqueline Zaba/Nikiema, Ambassador of Burkina Faso; H.E. Ms. Soraya Alvarez Nuñez, Ambassador of Cuba; H.E. Mr. Million Samuel Gebre, Ambassador of Ethiopia; H.E. Mr. Eduardo Sperisen Yurt, Ambassador/Permanent Representative of Guatemala; H.E. Mr. Shujjat Ali Rathore, Ambassador of Pakistan; H.E. Mr. Kamal Bashir Ahmed, Ambassador of Sudan; and H.E. Ms. Haifa Aissami Madah, Ambassador of Venezuela. H.E. Mr. Mario Oyarzábal (Argentina) attended the meeting as Acting Chairperson of CFC’s Governing Council for 2020, and Mr. Wilson Andrade (Brazil) attended as Chairperson of the Consultative Committee (CC). Mr. Rodrigo Carcamo representing UNCTAD was also attending as Observer.
Ambassador of Peru visits CFC
Amsterdam, 24 September 2020. H.E. Ms Marisol Agüero Colunga, newly appointed Ambassador of Peru to the Netherlands, is seen with Managing Director Ambassador Sheikh Mohammed Belal at the Secretariat of the CFC. H.E. Ms Marisol Agüero Colunga came to visit CFC for the first time to know more about the activities of the CFC and its impact on the ground.
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.
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.
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.
Delegation from Guatemala visits CFC
14 September 2020, Amsterdam. Ambassador Sheikh Mohammed Belal is seen with Ambassador Eduardo Sperisen Yurt of the Permanent Mission of Guatemala in Geneva discussing their partnership with the CFC virtually on 14 September.