Home >Our work >Economic development
  • Supporting small states

    The Commonwealth supports vulnerable small states through a range of initiatives, including advocacy to help them access funding for development projects and resilience profiling to identify development challenges and best-fit solutions

     

    FIND OUT MORE »
  • Securing finance for climate action

    Climate change is reversing progress on poverty alleviation, economic growth and stability across the world and small states can suffer its impacts in a disproportional way. 

    READ MORE »
  • Creating better trade opportunities

    The Commonwealth supports member countries to improve their export competitiveness and diversify exports. Through our expertise and assistance member countries secure better trade deals and make more effective use of financial and technical assistance for trade development.

    READ MORE »
  • Financing for development

    The Commonwealth has a longstanding commitment to improve financing for development. We offer practical support to address debt and participate in innovative financing initiatives, to protect remittance flows, and for more inclusive and effective international tax co-operation.

    READ MORE »

Economic development

The Commonwealth is working with governments, international development partners, grassroots organisations and civil society to help both developing and developed countries enjoy economic growth and stability.

Many of our members are small and vulnerable and face challenges to finance basic public services, are burdened with high debt and have had limited success in securing the benefits of global trade.

Traditional sources of finance for these countries – such as taxation and development assistance – while critically important, are insufficient to meet these challenges.

Theresa May: Commonwealth provides “unique and proud global relationships”

The British Prime Minister Theresa May spoke enthusiastically about the opportunities provided by the Commonwealth during a landmark speech on the British Government’s plans for Brexit.

Blog: Helping countries to achieve debt sustainability

In the past decade Commonwealth countries have been forced to manoeuvre through some choppy waters. From global financial crises to natural disasters the challenges in avoiding unsustainable levels of debt have been persistent and daunting.

Trade opportunities for Commonwealth post-Brexit

Commonwealth countries can do much more to expand trade links with the UK, post-Brexit. That’s the conclusion of trade experts at the Commonwealth Secretariat writing a new set of policy briefings on life after Britain’s decision to pull out of the European Union.

Related