The Common Fund for Commodities (CFC) is an
intergovernmental financial institution established within the framework of the
United Nations. It is a vestige of the proposed
New International Economic Order. The CFC finances commodity development projects in developing states.
The CFC was established in 1989. It was set up by a 1980
multilateral treaty known as the Agreement 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 101
UN member states plus 9 intergovernmental organizations: the
Andean Community, the
African Union, the
Caribbean Community, the
Common Market for Eastern and Southern Africa, the
East African Community, the
European Union, the
Economic Community of West African States, the
Southern African Development Community and the
West African Economic and Monetary Union.
Members that have joined but then withdrawn from the CFC include
Australia,
Austria,
Belgium,
Canada,
Japan,
Luxembourg,
New Zealand,
Turkey, and the
Eurasian Economic Community. The
United States of America has not been a member of the fund.
References
External links
Common Fund for Commodities
Category:International trade organizations
Category:United Nations organizations based in Europe
Category:United Nations General Assembly observers
Category:Intergovernmental organizations established by treaty
Category:Intergovernmental organizations
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