Commonwealth Fund for Technical Co-operation (CFTC)
Aims and objectives:
The CFTC is the Commonwealth Secretariat’s principal source of funding that supports the delivery of development assistance to Commonwealth member countries. The main purpose of the CFTC is to promote development in the Commonwealth using practical approaches of co-operation and mutual assistance. It is a mutual and voluntary co-operation fund where members contribute resources according to their ability and draw on them according to their needs.
CFTC programmes are demand led, with an emphasis on South–South co-operation and gender mainstreaming, and are responsive to the critical development needs of Commonwealth member countries. The CFTC’s assistance is focused on delivering tangible results and covers a range of areas that reflect the needs of member countries and the parameters of the Secretariat’s Strategic Plan.
The CFTC provides capacity building and institutional strengthening assistance to developing member countries, especially small states and least- developed members. Assistance is provided through professionals who share their skills and experience to maximise the development potential of member states and to build the capacity of key national and regional institutions. The CFTC also supports and develops training programmes at centres of excellence throughout the Commonwealth to build capacity in priority areas of need.
Current CFTC programme focuses include oceans and natural resource management, debt management, health and education, and public sector governance.