Multilateral : Fondo Común de Productos Básicos

Common Fund for Commodities

The objective of the Common Fund for Commodities (CFC) is to finance development projects.  In this regard, it seeks to improve the social and economic development of development countries that depend upon commodities.  Through its mandate, the Common Fund has financed projects for almost two decades.

On 27 June, 1980, the Common Fund for Commodities was adopted in Geneva by the Negotiation Conference of a Common Fund for the United Nations.  The agreement entered into force on 19 June, 1989.  The Common Fund has 105 Member States, 10 institutional members including the European Union (EU), the African Union/African Economic Community (AU/AEC), the Common Market for Eastern and Southern Africa (COMESA) and the Caribbean Community (CARICOM).

Text from webpage of the CFC - more information: http://www.common-fund.org/