Bosnia for value addition to their commodities
H.E. Mr. Almir Šahović, Ambassador of Bosnia and Herzegovina to the Kingdom of the Netherlands, is seen with Managing Director Ambassador Sheikh Mohammed Belal at the Secretariat of the CFC. H.E. Mr. Almir Šahović came to visit CFC, for the first time, to know more about the activities of the CFC and its impact on the ground. Ambassador Šahović was accompanied by Mr. Milenko Mišić, Minister Councellor at the Embassy. Ambassador Belal was accompanied by Ms. Annemarie den Tex, Legal Adviser to the Managing Director.
They discussed the activities of the Common Fund for Commodities as well as ways of future cooperation at this challenging time of global polycrisis.
Ambassador Belal while sharing the basics of the CFC’s structure and working process, also shared insights on how innovations in agriculture, which, in his views, are in abundance in the Netherlands and in the region, being used in the implementation of CFC’s projects. Ambassador Belal also shared with Ambassador Šahović, in response, stories from CFC’s projects where new innovations have been incorporated to bring higher productivity.
Ambassador Belal further elaborated on the introduction of the Agricultural Commodity Transformation (ACT) Fund, erstwhile referred to as CIIF, at the LDC5 Conference in Doha on 5 March 2023, and narrated the outline of CFC’s own road map for alleviation of poverty in the Least Developed Countries (LDCs), Land Locked Developed Countries (LLDCs) and beyond. As the ACT Fund has now been introduced, CFC member countries are welcome to join this impact investment fund as an anchor investor and recommending the same to the private sectors as well.
Ambassador Šahović highlighted the abundance of natural resources of Bosnia and Herzegovina and reiterated his country’s resolve to make use of their commodities for the benefit of their people and others in the globalized world in a climate friendly way.
Ambassador Šahović also expressed his interests in the workings of the CFC, which, in his word, very innovative, and would therefore explore options on how his country could be a part of this journey.
Ambassador Šahović hoped that the good work of CFC may also, in the future, extend up to his own country – Bosnia and Herzegovina.
Ambassador Belal assured to pursue more innovative outreaches in the days to come to make the services of CFC available to as many people as possible in the commodity dependent developing world as poverty and hunger are regrettably showing a reversing trend globally.
