Common Fund for Commodities
Encyclopedia
The Common Fund for Commodities is an inter-governmental financial institution
established within the framework of the United Nations
. It is a vestige of the proposed New International Economic Order
.
Financial institution
In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries...
established within the framework of the United Nations
United Nations
The United Nations is an international organization whose stated aims are facilitating cooperation in international law, international security, economic development, social progress, human rights, and achievement of world peace...
. It is a vestige of the proposed New International Economic Order
New International Economic Order
The New International Economic Order was a set of proposals put forward during the 1970s by some developing countries through the United Nations Conference on Trade and Development to promote their interests by improving their terms of trade, increasing development assistance, developed-country...
.