5. The resources of the First Account are to be used for financing projects aiming at commodity price stabilization.

Both documents prepared for this meeting and for the Expert Meeting on Financing Commodity Based Trade and Development Innovative Financing Mechanisms referred to, and drew lessons from, African experiences.

In particular, the volatility of food and commodity prices, including petroleum prices, is seriously denting the financing capacity of many poor countries.

The support to stabilization of commodity prices through the financing of buffer stocks, as foreseen in the Agreement, has not become operational.

The fund we earnestly seek would promote the diversification of the African commodity sector by financing technically and economically viable diversification projects.

Recycling commodity revenue and managing macro level commodity related risks

In order to fill this gap, it is suggested that a special facility for financing the pre investment phase of commodity diversification projects be established.

25. The establishment of a facility for financing the pre investment phase activities (i.e., identification, preparation and appraisal) of commodity diversification projects is intended to fill the gap in available assistance for project preparation in the priority area of commodity diversification in Africa.

Commodity prices fell, too.

Latin America s Commodity Windfall

Commodity information reducing asymmetries

Commodity prices d (percentage)

UNCTAD Commodity Yearbook 1993

Instruments to counteract the pro cyclical performance of private capital flows by encouraging counter cyclical flows included commodity and GDP linked bonds and, especially, local currency financing.

He therefore called for increased development financing for those countries, the reduction or cancellation of their debt and higher basic commodity prices, giving priority to the exports.

Many commodity dependent economies were caught in a vicious circle whereby investments in commodity production did not generate adequate returns because of falling commodity prices.

212. UNCTAD other commodity conferences and commodity meetings Trade and Development Board decision 7 (I)

278. UNCTAD other commodity conferences and commodity meetings Trade and Development Board decision 7 (I)

196. UNCTAD other commodity conferences and commodity meetings Trade and Development Board decision 7 (I)

53. The diversification needs of African countries would therefore be best met if a special facility were available for financing the pre investment phase of commodity diversification projects.

Again, a commodity for consumption.

Commodity information reducing asymmetries 9

strategies for commodity companies 15

International commodity agreements or arrangements

Commodity (litres) 1,000 litres Total

Primary commodity prices weakened considerably.

Commodity prices are like this.

The Swiss Compensatory Financing Programme, which is similar to STABEX, is also providing assistance to least developed countries, mainly in Africa, in respect to shortfalls in commodity export earnings.

In this respect, the financing of international buffer stocks and internationally coordinated national stocks, within the framework of international commodity agreements, had been specified as the instrument to use.

The Fund is an intergovernmental financial institution exclusively concerned with commodity development issues and commodity development projects.

Appropriate facilities should include liquidity provision to cover fluctuations in export earnings, particularly those caused by unstable commodity prices, sudden stops in external financing and, as recently emphasized, natural disasters.

56. The basic objective of the proposed facility would be to promote the diversification of the African commodity sector by financing the preparation of technically and economically viable diversification projects.

5. We therefore believe that African countries apos diversification needs would be best met if a special facility were available for financing the pre investment phase of commodity diversification projects.

International commodity markets are under stress.

United Nations commodity and other conferences.

UNCTAD's package of commodity information services

III. INSTITUTIONAL FRAMEWORK FOR COMMODITY DIVERSIFICATION

B. Global diversification and commodity market

Too bad. That's Casablanca's leading commodity.

At the international level, strategic information on commodity sectors enhances global transparency and improves commodity strategies and policies.

Our view on this issue also takes account of the fact that diversification of the commodity sector in African countries may not be primarily a question of providing financing for studies.

The Global Implications of Falling Commodity Prices

After all, energy is a global commodity.

The Silver Lining in High Commodity Prices

Informal briefing on reproductive health commodity security