Philippines Strengthens Partnership with CFC Through Generous Voluntary Contribution
Amsterdam, 13 February 2025 – The Common Fund for Commodities (CFC) is delighted to announce the Philippines' voluntary contribution of USD 15,000 towards the formulation of a strategic framework aimed at enhancing the development of SMEs and agri-commodity communities. This generous contribution marks a significant milestone in fostering collaboration and reinforcing the shared commitment to address poverty and inequality on a global scale.
CFC extends its heartfelt gratitude to the Philippines for its proactive engagement and leadership. This voluntary contribution is not merely a financial gesture but a profound statement of solidarity. During the 2nd Strategic Framework Committee meeting held on 13 February 2025, the Managing Director of CFC Ambassador Sheikh Mohammed Belal underscored the importance of this voluntary contribution in driving impactful and sustainable initiatives, stating:
*“ The Philippines, a nation that has consistently stood as a lighthouse of generosity, leadership, and vision in our collective efforts. It is a profound statement of solidarity and commitment to enhancing the development of SMEs and agri-commodity communities. This act of generosity is a shining example of the spirit of collaboration that defines our mission.”
The Philippines’ contribution sets a precedent and serves as an inspiration for other Member States. CFC encourages all member states, in the developing or developed world, to follow this exemplary lead, not merely as a duty, but as a shared commitment to global development.
H.E. J. Eduardo Malaya, Governor of CFC for the Philippines and Ambassador of the Philippines to the Netherlands, stated during the working group on Strategic Framework on 13 February 2025:
“CFC remains open to new voluntary contributions from Member Countries, not only for its operational efficiency but also to meet the heightened demand for its services by the Member Countries. This contribution reflects our belief in the power of collective action to create a more sustainable and equitable future for all.”
This contribution exemplifies the power of partnership and collective action in shaping a sustainable and inclusive future for commodity-dependent communities worldwide. CFC looks forward to continued collaboration with its Member States in advancing economic development, fostering transparency, and empowering smallholders to thrive.
**About the Common Fund for Commodities (CFC)**
The Common Fund for Commodities (CFC) is an intergovernmental financial institution established within the framework of the United Nations. Its mission is to support commodity-dependent developing countries in their efforts to alleviate poverty, promote sustainable development, and achieve the Sustainable Development Goals (SDGs).
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