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 Logo of the Common Fund for Commodities | |
| Abbreviation | CFC |
|---|---|
| Formation | 19 June 1989 (36 years ago) (1989-06-19) |
| Type | Intergovernmental organization |
| Purpose | Financial institution |
| Headquarters | Amsterdam,Netherlands |
| Coordinates | 52°22′24″N4°55′59″E / 52.3734016°N 4.9331836°E /52.3734016; 4.9331836 |
Area served | International |
| Membership | 101 Member States plus 9 institutional members |
Managing Director |  BangladeshSheikh Mohammed Belal |
| Website | common-fund |
TheCommon Fund for Commodities (CFC) is anintergovernmentalfinancial institution established within the framework of theUnited Nations. It is a vestige of the proposedNew International Economic Order. The CFC finances commodity development projects in developing states.
The CFC was established in 1989. It was set up by a 1980multilateral treaty known as theAgreement establishing the Common Fund for Commodities. As of June 2017, there are 110 parties to the Agreement and thus to the CFC. This total includes 101UN member states plus 9 intergovernmental organizations: theAndean Community, theAfrican Union, theCaribbean Community, theCommon Market for Eastern and Southern Africa, theEast African Community, theEuropean Union, theEconomic Community of West African States, theSouthern African Development Community and theWest African Economic and Monetary Union.[1] Members that have joined but then withdrawn from the CFC includeAustralia,Austria,Belgium,Canada,Japan,Luxembourg,New Zealand,Turkey, and theEurasian Economic Community. TheUnited States of America has not been a member of the fund.
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