Bangladesh secured the post of managing director of the United Nations Common Fund for Commodities on winning the election among 6 candidates, held at the 31st CFC Governing Council meeting in Amsterdam on Wednesday.
Bangladesh ambassador to the Netherlands Sheikh Mohammed Belal, therefore, became the next managing director of the Common Fund for Commodities, an autonomous intergovernmental financial institution established within the framework of the United Nations, for the next four years.
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 United Kingdom, Russia, China, Germany, Italy, Brazil, Argentina, India, Pakistan, Saudi Arabia, the United Arab Emirates, Egypt, Indonesia, Malaysia and 9 organisations 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.
Want stories like this in your inbox?
Sign up to exclusive daily email
More Stories from Foreign affairs