New C Share investor: CFC invested USD 2m into AATIF
Beyond its role as AATIF's Technical Assistance Facility Manager, the Common Fund for Commodities (CFC) has committed an investment of USD 2m into AATIF's first loss tranche (C Shares), thereby strengthening its commitment towards AATIF. The agreement has been signed on November 28th 2014 and increases The Fund’s committed share capital to USD 144 million. The additional investment into AATIF's first loss tranche is an important step for AATIF as it enables further growth of the Fund and facilitates additional private investment, thereby increasing its available funding for investments into the agricultural value chain in Africa.
About CFC:
The Common Fund for Commodities is an Intergovernmental Development Finance Institution established under the auspices of the United Nations to promote social and economic development through international cooperation between producers and consumers of commodities. The CFC pays particular attention to problems which developing countries are experiencing due to their dependency on primary commodities. CFC finances practical measures which focus on mitigating the adverse impact of excessive price volatility, securing equitable benefits from production and trade of commodities, improving the functioning of the global commodity markets, as well as on any other development issues in commodity dependent developing countries. The Fund works with entire commodity value chains to unlock the full development potential of the commodity sector.