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.
Commonwealth Deputy Secretary-General Deodat Maharaj today called for urgent agreement on harmful fishing subsidies to protect the trade and development interests of small states, which heavily depend on exports from this sector.
Commonwealth trade and investment ministers concluded their two-day meeting in London today with a commitment to make full use of the ‘Commonwealth advantage’ to boost trade within the 52-member bloc.
An ambitious international project to help Caribbean countries unlock the full economic potential of the seas took a step closer with a meeting of international partners at the Commonwealth’s headquarters last week.