President Bharrat Jagdeo on Tuesday met representatives of the Common Fund for Commodities who had expressed an interest in Guyana becoming a member.
The team was led by its Managing Director Ali Mchumo, a press release from the Government Information Agency (GINA) said. The Fund is an intergovernmental financial institution established by the United Nations (UN) under an agreement negotiated by the UN Conference on Trade and Development in 1989.
It has a partnership of 107 member states and institutional members including the European Commission, the African Union, the Common Market for Eastern and Southern Africa and the East African community.
The Fund is set to propose the establishment of a trust fund to finance food security projects as a response to food vulnerabilities, and a mechanism through enhanced capacity for stable food crops in commodity-dependent developing countries.
