Demand is higher than ever, supply needs to rise to the challenge. In total, it is expected that 80,658 hectares of additional land will be cultivated due to the interventions financed by the CFC. At UNCTADs first session in 1964, the impact of commodity price volatility was at the top of the agenda, and a discussion on creating a common fund began. These investments targeted a number of Sustainable Development Goals (SDGs): SDG 1 (No Poverty), SDG 2 (Zero Hunger), SDG 5 (Gender Equality), SDG 8 (Decent Work and Economic Growth), SDG 9 (Industry, Innovation and Infrastructure), SDG 10 (Reduced Inequalities), SDG 12 (Responsible Consumption and Production), SDG 13 (Climate Action). Shalem is on a mission to do business as well as increase the prosperity of smallholders. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Embracing this innovative system, the Common Fund for Commodities (CFC) became a lender to Mercon in 2021. We want to empower them to grow and develop so that local banks and other financial institutions feel confident enough to lend to them. The impact achieved with the program speaks volume of the potential of a company committed to both its people and the environment a key potential in a world where transparent and sustainable value chains are being increasingly asked for. operate in commodity value chains or provide financial and other services to small business operators, SMEs, cooperatives or producer organisations; have a proven track record in commodity development; have the ability to invest in the value chain to reduce transaction costs or increase revenues of producers, processors, storage or marketing; have a clear plan focusing on developing and/or diversifying their production or services; have a clear plan to expand their markets at local, national, regional and international level; have the technical, managerial and financial capacity to effectively and efficiently implement their activities; include social, economic and environmental aspects in their scope of work; share the CFCs values, including internationally recognised principles concerning human rights, labour standards, the environment and anti-corruption; will collaborate with the CFC to extend their core activities and create additional opportunities for everyone in the commodity value chain. By prioritizing the support of projects promoting gender equality (e.g. It is a trap that UNCTAD rightfully warns these countries will not escape from in the foreseeable future unless they go through a process of technology-enabled structural transformation. Fifty-eight years later and the economies of many developing countries are still driven primarily by commodities. Besides measuring the positive impact its projects help to create the CFC understands the importance of also considering the potential social and environmental risks of its operations. After two years of baselining and preperation, Kennemer launched MinTrees, a reforestation programme designed with 2000 smallholders from rural Philippines. And these prices tend to fall faster in tough times, than they rise in better times. The CFC understands that to act effectively and credibly as impact investor, the Fund must have a robust and efficient impact measurement and management system. Gender disparities, however, are evident in unequal access to productive resources. Still, by 2020, only 47% of the global population were effectively covered by at least one social protection cash benefit, leaving 4.1 billion people unprotected, the majority of whom are the poor and the vulnerable. This brought much-needed income and positive social impacts to an otherwise impoverished community. The CFC provides support to projects investing in commodity value chains to deliver sustainable development impact from "field to the . Operating as an impact investor, the CFC finances interventions which have the potential to achieve higher social and economic impact in the country/region. The CFC is an autonomous intergovernmental financial institution,. CFC is a membership-based organization comprising of 105 countries and . Governments must reflect on how to do this, rather than pinning all the blame on the resource curse. As result, the CFC has determined the main indicators to be monitored by its projects in line with its mission. HOUSTON, Aug. 13, 2020 (GLOBE NEWSWIRE) -- Key Energy Services, Inc. ("Key" or the "Company") (OTC: KEGX) reported second quarter 2020 consolidated revenues of $34.8 million and a net loss . These activities are driven by the communities, and are based on what their needs are, on what they think contributes to their wellbeing. concludes Jonna. You can still access . Its been a journey that couldnt have been possible without the expertise we brought on board. Common Fund for Commodities - DevelopmentAid And thats where we decided that we could make a difference. The first step for Kennemer was to turn their existing reforestation efforts into a programme that could benefit the farmers as well as the environment and that, most importantly, they had the skills to monitor. This involved an outlay of USD 114.3 million, including USD 18.9 million of CFC contribution. Vital money that puts food on the table, funds schooling and has a positive ripple effect throughout the community. COVID- 19 containment measures and mobility restrictions prevented labour reallocation to informal employment. Common Fund for Commodities Grants: The Netherlands-based Common Fund for Commodities (CFC) has issued a call for proposals to support commodity development activities that benefit the poor in more than hundred countries around the world. As COVID-19 restrictions were introduced, bars and restaurants closed. A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. Her education relied on the success of her parents smallholding, not just for the bus fare but for her school uniform and fees. from 'field to the fork'. On the current portfolio, around, The projects supported by the Fund expect to create, The CFC supports interventions in developing countries, giving special attention to projects targeting vulnerable regions and countries, such as the Least Developed Countries (LDCs). It has enormous mineral wealth, particularly in cobalt, copper and diamonds. As Elvin observes, producers have improved their abilities in managing their plantations thanks to better record keeping and alignment with the LIFT guidelines. A brief analysis of the main indicators corresponding to the SDGs framework is presented below: In total, around 415,000 people stand to benefit from the loan-based interventions currently financed by the CFC. I also continue to be inspired by the commitment and dedication of the smallholders and SMEs we work with; despite the challenges they face. Canacol Energy Ltd. Announces 5.7 TCF of Gross Mean Un-risked Without them it would have taken another ten to fifteen years to get to where we are today., Still, she remains positive and has big plans: After we have paid off our bank loan, we want to expand our storage capacity and double our production facility, so we can add even more value to our products. Those workers are more likely to be informally employed, have fewer chances to engage in social dialogue and are less likely to benefit from job security, regular incomes, and access to social protection. Of course, there were challenges. We also offer limited grants to qualifying organisations, for example, to enable specific new activities in areas of strategic interest or to support loan-based projects through activities such as capacity building and technical assistance. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. 2021 saw the highest amount of funding disbursed since the organisation was reformed in 2012. 11 new investments were approved by the CFCs Executive Board, another new high. Structure of the United Nations organization. At the time of writing this Annual Report, not all projects have been able to provide the updated impact report for the final year 2021. Climate change has its effects on our farmers and their ability to continue to live productive lives in rural areas of East Africa. states Ms Kinoti. These investments targeted a number of Sustainable Development Goals (SDGs): SDG 1 (No Poverty), SDG 2 (Zero Hunger), SDG 5 (Gender Equality), SDG 8 (Decent Work and Economic Growth), SDG 9 (Industry, Innovation and Infrastructure), SDG 10 (Reduced Inequalities), SDG 12 (Responsible Consumption and Production), SDG 13 (Climate Action). We invest in organisations and activities that: are innovative and target new opportunities in commodity markets that lead to commodity-based growth, create employment, increase household incomes, reduce poverty and enhance food security; are scalable, replicable and financially sustainable; have the potential to positively and measurably impact the socio-economic and environmental situation of the people and places involved in commodity value chains; develop stronger connections with existing markets or create new markets along the value chain; increase the financial, and other, services available to commodity producers and commodity-based businesses; enhance knowledge generation and information sharing; build effective and cost-efficient collaboration between producers, industry, governments, civil society organisations and other stakeholders for commodity-based development. COMMON FUND FOR COMMODITIES. In the same year, over 30% a stunning 2.4 billion people were moderately or severely food insecure, lacking regular access to adequate food. Unpredictable climate events, like tropical storms, are becoming more frequent in Mindanao where most of the farmers live followed by long periods of dry weather. At the CFC we work to bring together innovation and local knowledge to develop solutions that make a difference on the ground. In this manner, the CFC seeks to have a clear portfolio-wide view of its contribution to achieving the SDGs. The Moringa Agroforestry Fund, which the CFC supports both as an investor and as its Technical Assistance Fund Manager, invests in businesses that work with smallholders who are farming forests sustainably, by combining trees with agricultural crops and animal husbandry. This involved an outlay of USD 114.3 million, including USD 18.9 million of CFC contribution. The CFC loan of USD 5 million supports Mercon with funding short-term advances to smallholders. Women play a crucial role in agriculture, especially in developing countries, where they comprise around 43 per cent of the agricultural labor force. Sheikh Mohammed Belal. We seek to build partnerships with public and private institutions, bilateral and multi-lateral development organisations, cooperatives, producer organisations, SMEs, processing and trading companies, and local financial institutions. Yet it has some of the worlds worst malnutrition and child mortality, as well as millions of children who are not at school. Common Fund for Commodities Grants - Ugfacts.net Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. Annual Report Common Fund for Commodities 2020 - Issuu Common Fund for Commodities - Terra Viva Grants Farmers are the first to confront climate change. Read more. Combined with other crises, such as rising inflation and the war in Ukraine, it is estimated that in 2022 an additional 75 million to 95 million people will be living in extreme poverty in 2022, compared to prepandemic projections. Common Fund for Commodities | LinkedIn Asset Management for Institutional Investors | Commonfund In particular, we harness the potential of commodity production, processing, manufacturing and trade, for the benefit of the poor. Preamble We, the G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America, and the High Representative of the European Union, have met today in a fundamentally changed strategic and security environment. More than 100 countries depend on commodity exports. It is managed by the Global Impact Investing Network (GIIN) and is the most used tool for impact investors to report on their impact. FAO/Roberto Grossman. 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