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The Common Fund

Papers Prepared for Commonwealth Technical Group, Volume 2: Papers Prepared by the Commonwealth Secretariat, September 1977

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The Progress of Negotiations on the Common Fund

Agreement on Resolution 93(IV) at Nairobi was the beginning of a process of international deliberations on the institution of the elements of the Integrated Programme for Commodities. The Resolution endeavoured to expedite matters by setting a timetable for the completion of negotiations, but this has not proved an altogether effective device. The United Nations Negotiating Conference on a Common Fund, held in March 1977 in keeping with the schedule, took place against a background of persisting disagreement on fundamental issues, to which a series of three preparatory meetings and the Conference itself provided no resolution.

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