ICBs and CFC explore new approaches to project funding
London, 31 May 2018 – The International Commodity Bodies (ICBs) and the Common Fund for Commodities (CFC) came together in an important meeting this week to explore and address common issues and identify prevailing and emerging opportunities in a global economic environment facing rapid change.
The CFC and the ICBs have a long relationship of collaboration in development projects in the interests of the Commodity Dependent Developing Countries (CDDCs) for the benefit of both consumers and producers.
Hosted by the International Coffee Organization (ICO), the event included speakers from the CFC, ICBs, other international organizations and the private sector. A number of substantive issues were discussed including:
- Changes in the global development cooperation framework with the adoption of the Sustainable Development Goals (SDGs) and the emerging rise of impact investing
- Emergence of a continuous spectrum of non-governmental financiers i.e. impact and charitable investors contributing to sustainable development, ranging Environment, Social and Governance,
- Development of mechanisms to identify, include and expand relevant and applicable impact indicators, and
- Building partnerships.
Mr Parvindar Singh, CFC Managing Director, said: “The SDGs provide a real opportunity for the CFC and ICBs to work more closely together. The issues and opportunities facing the CFC and the ICBs are, fundamentally, the same emerging from a common aim and desire to modernize and adapt our respective organizations.”
The ICBs, with their close relation with the private companies operating in the commodity sector, are in a good position to originate impact investing opportunities in Developing Countries as investable projects, benefiting the development. The CFC can facilitate this by co-investing and risk sharing with private investors within its goal of committing up to USD 15 million per year for such projects.
The CFC and the ICBs in this context look forward to further develop this channel of bringing investments to the commodity sector of CDDCs.
CFC-ICBs 24th meeting Programme
OPEN DISCUSSION ON THE NEW STRATEGY FOR DEVELOPMENT OF CDDCSWednesday, 30 May 2018 | |
| 09:30 — 11:30: Session 1. Development Relevance of Commodities | |
The new vision of the role of commodities in development
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SDGs and commodities
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Sustainable energy issues in commodities
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“Demand Creation” by direct-to-consumer marketing of high value products
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| 11:30 – 11:45: Coffee Break | |
| 11:45 — 13:45: Session 2. Implementation processes and relevant instruments | |
Impact investing by private actors
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Impact investment funds
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Green investments
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Development impact bonds
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Impact measurement
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