A robust framework for resolving cross-border commercial disputes can help unlock valuable trade and investment opportunities for Commonwealth countries.
Access to justice for everyone in all communities is an important right and requirement for building fair and peaceful societies – yet this objective has been achieved in few if any nations, and the consequences are damaging for social, economic and political progress and stability.
An increasingly important aspect of Commonwealth cooperation to fulfil our collective commitment to sustainable development is our work on halting - and wherever possible - reversing the very severe desertification and degradation which occurs when land is used carelessly or too intensively.
“We are in trouble. We are in deep trouble with climate change. Climate change is running faster than we are and we must catch up sooner rather than later, before it is too late”. United Nations Secretary-General, António Guterres at UNFCCC, COP 24
Trade wars, protectionism, and nationalist rhetoric are combining to weave the possibility of a nightmare debt crisis that could be worse than any previously experienced. Global borrowing is now at the highest levels since the 1950s – and history suggests we should take this as a warning that a debt crisis could be looming.
Commonwealth Meridian is the new state-of-the-art public debt management system, an essential tool for debt managers and policy makers. Here Commonwealth business analyst Joanne Allin provides a guide to the software and what it can do.
Global uncertainties and tensions are escalating and affecting trade in every region. We see rising protectionism, while multilateral cooperation - including through the World Trade Organisation - is increasingly under threat. Meanwhile, the resilience of many smaller or less developed countries is being undermined by the impact of climate change and extreme weather unprecedented in living memory, together with other natural disasters.
The blistering pace of innovation in financial services has seen the emergence, in the past two decades, of an array of new technologies deployed into the market – and new companies using those technologies – in more than a hundred countries around the globe.
Personally, as a Bahamian, I thought I knew hurricanes. We all thought we did. Having lived through seven of them since 2000, we had a knowledge that came from hard-learned lessons. We thought we knew how to prepare, how to respond, and how to rebuild.
Since around 2010, the Commonwealth had been calling on the international community to look towards innovation. It was a period in which most of the memberships’ small and middle-income countries had become incapacitated with debt, whilst also facing the dire risk of more frequent and severe natural disasters.