Bangladesh new head of UN-CFC

Bangla Tribune Desk
Published : 20:28, Dec 09, 2019 | Updated : 22:54, Dec 09, 2019

UN Common Fund for CommoditiesBangladesh secured the post of Managing Director of the UN Common Fund for Commodities (CFC) on winning the election among 6 candidates, held at the 31st CFC Governing Council meeting in Amsterdam on Wednesday (Dec 9).
Bangladesh Ambassador to the Netherlands Sheikh Mohammed Belal, therefore, became the next managing director of the Common Fund for Commodities (CFC), an autonomous intergovernmental financial institution established within the framework of the United Nations, for the next four years, reports BSS.
The CFC is mandated to enhance the socio-economic development of commodity producers and contribute to the development of society as a whole through projects financed from its own resources.
Presently, 101 states including Bangladesh, the Netherlands, the UK, Russia, China, Germany, Italy, Brazil, Argentina, India, Pakistan, Saudi Arabia, the UAE, Egypt, Indonesia, Malaysia and 9 organizations including the European Union and African Union are the members of CFC, and it is now headquartered in Amsterdam, the Netherlands.
In the past, Bangladesh received funding support from the CFC for the projects in dairy, bamboo, tea, jute, fishery, sugarcane, meat, rubber-wood, medicinal plants, herbs, kenaf and other sectors.
For the next four years, Ambassador Belal will serve as managing director of the CFC, based in Amsterdam, the Netherlands after completing his tenure as Bangladesh ambassador to the Netherlands, Croatia and Bosnia and Herzegovina.