Opening Statement by the Managing Director at 32nd Annual Meeting of the Governing Council

Mario Javier Agustin Oyarzábal, Ambassador of the Argentine Republic in the Netherlands, Acting Chairperson of the Council, in welcoming you all to the 32nd Meeting of the Governing Council of the Common Fund for Commodities. [...] This is why, despite the lockdown, we hosted an event comprising almost all leading International commodity bodies and have been trying to be a regular visitor to the events of other organs of the United Nations like UNDP, FAO, UNCTAD and more importantly in the office of the UN-OHRLLS (Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small I. [...] Furthermore, as you are well aware, the EB has recommended the establishment of an open-ended Working Group to consider the creation of an impact investment facility under the management of the CFC. [...] Agreement Establishing the Common Fund for Commodities: The Members are aware of the current status of the adoption of the amendments to the Agreement Establishing the Common Fund for Commodities. [...] I would like to recall that this is necessary to allow all Members to complete relevant procedures at the national level, and the Governing Council is asked to consider this positively, continuing the spirit of consensus in amending the CFC Agreement embodies in the Decision CFC/GC/XXVIII/1.