Common Fund For Commodities Objectives
Funds for NGOs Last date 31 Oct 2016
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OBJECTIVES OF CFC'S PROJECT FINANCING The CFC supported activities promote the development of the commodity sector in CFC member countries and contribute to sustainable development in the following aspects: (i) Social: Create employment (particularly for youth and women), provide sustained increase in household incomes, reduce poverty, and enhance food security. (ii) Economic: Enhance production and productivity, achieve higher local value addition; improve competitiveness of producers, producer organisations and small and medium sized industries, support the financial sector development. (iii) Environmental: Enhance production taking into account the environment and its long term possibilities for the same, or increased use of productive resources while maintaining or reducing the impact on the environment. The CFC supports implementation of activities along the value chain that: - are innovative, scalable and replicable, - are financially sustainable, - have a potential measurable positive socio-economic and environmental impact on the stakeholders in commodity value chains as compared to the prevailing baseline situation, - develop stronger connections with existing markets or create new markets along the value chain, - increase financial or other services available for commodity producers and commodity based businesses, - enhance knowledge generation and information dissemination, and - build effective and cost efficient collaboration between producers, industry, governments, civil society organisations and other stakeholders for commodity based development.
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