• Tuesday, Jan 28, 2020
  • Last Update : 04:35 pm

Bangladesh new Head of UN-CFC

  • Published at 09:07 pm December 9th, 2019
Sheikh-Mohammed-Belal-BD-envoy-UNB
Bangladesh Ambassador to the Netherlands Sheikh Mohammed Belal UNB

Bangladesh Ambassador to the Netherlands Sheikh Mohammed Belal became the next managing director of the Common Fund for Commodities

Bangladesh has secured the post of Managing Director of the UN Common Fund for Commodities (CFC) on winning the election among 6 candidates.

The election was held at the 31st CFC Governing Council meeting in Amsterdam on Wednesday, reports BSS.

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.

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 UAE, Egypt, Indonesia, Malaysia, and 9 organizations including the European Union and African Union are the members of CFC.

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 be serving 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.