En marge of the 25th Meeting of the Governing Council of CFC in December 2013, a USD 5.5 million agreement was signed in which the Dutch Minister for Foreign Trade and Development Cooperation confirmed support for a new program managed by the Common Fund for Commodities. Entitled CFC Dutch Trust Fund Commodity Partnership DTF I, the program facilitates increased support for enhancing commodity production and productivity, improving value chains, modernizing irrigation and strengthening the position of small-scale producers.
The projects to be funded under the Trust Fund arrangement will align with the Dutch government’s food security priorities, including sustainable development of the agro-food business/horticulture sub-sectors. Within that field, supported interventions will follow the CFC’s established policies for selection, approval and implementation. The pro-gram will be completed by 31 December 2020.
The recently signed Agreement is the second trust fund arrangement between the CFC and the Dutch government. The previous partnership was a USD 4.7 million agreement in support of the “Five Year Action Plan 2003 – 2007”. This plan enabled the CFC to provide additional assistance to projects in developing countries that improved access to markets, enhanced diversification and value addition, improved market structures and increased effective participation of all stakeholders in value chains.