Common Fund for Commodities is recorded in this encyclopedia from the source named below.
Overview
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 Members that have joined but then withdrawn from the CFC include Australia, Austria, Belgium, Canada, Japan, Luxembourg, New Zealand, Turkey, and the Eurasian Economic Community.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.
Source and reuse
The descriptive text above is drawn from the English-language encyclopedia article Common Fund for Commodities, reused under the Creative Commons Attribution-ShareAlike licence and attributed in the sources block on this page. Figures in the infobox come from Wikidata and carry that project's own provenance; they should be checked against the cited source before being relied on.
Editorial note
This record is a sourced summary, not original research. Where the underlying material is silent on a point, this article is silent too. Last reviewed 2026-09-23.