OPENING REMARKS OF THE MANAGING DIRECTOR 67th Meeting of the Consultative Committee Virtual Meeting, 25 to 28 January 2021

COMMON FUND FOR COMMODITIES OPENING REMARKS OF THE MANAGING DIRECTOR 67th Meeting of the Consultative Committee Virtual Meeting, 25 to 28 January 2021 Distinguished Members of the Consultative Committee, I am very happy to welcome you all to the 67th Meeting of the Consultative Committee (CC) of the Common Fund for Commodities (CFC) virtually. [...] The basic documents concerning the work of the CFC and the role of the CC have already been dispatched to you. [...] The Governing Bodies of the Fund pay great attention to the Committee's work, and the advice of the CC has direct bearing on the efficiency and effectiveness of the operations of the Common Fund. [...] Furthermore, the EB has recommended the establishment of a Working Group to consider the creation of a commodity impact investment facility (CIIF) under the management of the CFC. [...] Distinguished Members of the Consultative Committee, As you have seen from the Agenda of this meeting, details concerning the notes of the organization and rules of the CC, Vision and Mission of the CFC, priorities of project support, project origination and selection process, financial plan and financing modalities and procedure for project evaluation will be provided.