The 2023 CFC Impact Finance for Global Value Chain to Support SMEs in the Commodity Sector
The Common Fund for Commodities (CFC) welcomes applications for financial support from qualifying projects. The CFC can offer a range of financial and technical instruments of support to fulfill the exact needs of SMEs/enterprises/businesses, cooperatives, and institutions along the entire commodity value chain in its member countries.
Qualified projects are based in one of the CFC Member Countries and plan to contribute to the Sustainable Development Goals by investing in commodity value chains. Successful applications will show clear and visible potential to reach a sustainable positive impact on the livelihoods of the poorest people who rely on commodities.
With poverty alleviation as our mission, the CFC will support proposals investing in the poorest and most vulnerable people in the global value chains, which may concern production, processing, financing, marketing, research and development (R&D), etc.
The CFC Impact Finance for Global Value Chain to Support SMEs in the Commodity Sector is an international initiative launched in 2023 to promote the sustainable and equitable advancement of small– and medium–sized enterprises (SMEs) within the commodity sector around the world. The initiative seeks to enable SMEs to better access international and regional markets, secure the rights of vulnerable workers and communities, and improve the local socio–economic conditions of the commodity sectors targeted.
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ELIGIBILITY CONDITIONS FOR THE 2023 CFC IMPACT FINANCE
The CFC welcomes applications proposing innovative solutions for the commodity sector. These may include;
- New agritech applications,
- Agroforestry,
- Agroecology-themed innovative productivity practices,
- Regenerative technologies,
- Increased availability of renewable and affordable energy,
- Expanding environmental services,
- Expediting digital and green recovery,
- Adding to the nutrition security,
- Climate-friendly practices contributing to biodiversity,
- Preventing deforestation,
- Digitalization,
- Financial inclusion,
- Blockchain and other traceability solutions.
MERITS
The CFC’s mission is to add to poverty alleviation by strengthening the income-generating capacity of commodity producers and easing vulnerability to their economic well-being.
CFC’s vision is to strengthen and broaden the commodity sector in developing countries and modify it to be a major contributor to poverty alleviation and sustained economic growth and development.
Application Deadline: October 1, 2023
The 2023 CFC Impact Finance for Global Value Chain to Support SMEs in the Commodity Sector
