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.

CFC follows a more human and environment-centered approach in business. Such business activities are expected to cover all segments of the value chain (including production, processing, financing, marketing, research 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.

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.

Project proposals incorporating innovative solutions for the commodity sector (e.g. new agritech applications, innovative productivity practices, regenerative technologies, increase availability of renewable and affordable energy, expanding environmental services, expediting green recovery, adding to the nutrition security, climate friendly practices contributing to biodiversity, saving deforestation, digitalization etc ) are especially encouraged to apply.

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 opencall@common-fund.org .

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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.

32nd Meeting of the Governing Council

The Thirty-Second Annual Meeting of the Governing Council was held on 8 and 9 December 2020.   

Overcoming the obstacles posed by Covid-19, this meeting was held virtually for the first time ever. The meeting was well attended by Governors; Alternate Governors; and representatives from international organizations, including the Food and Agriculture Organization of the United Nations (FAO) and United Nations Industrial Development Organization (UNIDO).

Mr. Sebastian Lesch, representing the German Federal Ministry for Economic Cooperation and Development (BMZ) delivered the welcome address, highlighting the importance of the work of the CFC, especially during the current challenging times. Millions of small-scale farmers, who are producing agricultural commodities, already lived in poverty before the Covid-19 pandemic. During the pandemic, the situation of many farmers worldwide has worsened. A fast and efficient support is necessary if we don´t want to lose what has been already achieved. Mr. Lesch praised the quick efforts of the CFC in launching its Emergency Liquidity Facility few months after the World Health Organization declared Covid-19 a public health emergency of international concern, providing the much needed support to the commodity producers.

The meeting was chaired by H.E. Mr. Mario Javier Agustin Oyarzábal, Ambassador of the Argentine Republic in the Netherlands. In his opening remarks, Amb. Oyarzábal emphasized the issue of food security, indicating that the FAO estimates that the pandemic may push an additional 130 million people into chronic hunger. As many of these people are smallholder farmers, the CFC must continue and expand its support to the commodity producers, helping them to become more resilient to external shocks and better navigate crisis, such as the COVID-19 pandemic.

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CFC Response to COVID 19 pandemic – update 20 January 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 20 January 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.

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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   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
67th Meeting of the Consultative Committee

25 to 28 January 2021

All events

Our Projects

In the least developed countries people heavily depend 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

Ambassador of the Republic of Azerbaijan visits CFC

14 January 2021, Amsterdam.    H.E. Mr. Fikrat Akhundov, Ambassador of the Republic of Azerbaijan to the Netherlands, is seen with Managing Director Ambassador Sheikh Mohammed Belal at the Secretariat of the CFC. H.E. Mr. Fikrat Akhundov came to visit CFC, for the first time, to know more about the activities of the CFC and its impact on the ground.

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32nd Meeting of the Governing Council

The Thirty-Second Annual Meeting of the Governing Council was held on 8 and 9 December 2020.    Overcoming the obstacles posed by Covid-19, this meeting was held virtually for the first time ever. The meeting was well attended by Governors; Alternate Governors; and representatives from international organizations, including the Food and Agriculture Organization of the United Nations (FAO) and United Nations Industrial Development Organization (UNIDO).

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Ambassador of Egypt visits CFC

3 December 2020, Amsterdam.    H.E. Mr. Hatem Elsayed Mohamed Kamaleldin, Ambassador of the Arab Republic of Egypt to the Netherlands, is seen with Managing Director Ambassador Sheikh Mohammed Belal at the Secretariat of the CFC. H.E. Mr. Hatem Elsayed Mohamed Kamaleldin came to visit CFC for the first time to know more about the activities of the CFC and its impact on the ground.

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