The Commonwealth Secretariat convenes Commonwealth Finance Ministers Meeting (CFMM) and associated meetings alongside the IMF/World Bank Annual meetings. This year, the meeting will be held on Wednesday 11 October 2023 in Marrakesh, Morocco.
The CFMM focuses on key themes which are aligned to emerging economic developments relevant to Commonwealth countries.
In October, the Commonwealth Finance Ministers Meeting (CFMM) will progress the discussion on the Commonwealth call for a new global financial architecture with a specific focus on mechanisms to tackle the effects of climate change and elevating debt in order to build resilient economies. The meeting will also focus on new sources of finance and access to climate funds recently developed as well as financing green transition.
Scaling-up Development Finance to Address Overlapping Crises
The proposed theme for CFMM 2023 is ‘Scaling-up Development Finance to Address Overlapping Crises’. Building on ongoing dialogue on an urgent need to reform the global financial system, Ministers will discuss financing mechanisms that are responsive and targeted to tackling climate-related natural disasters, and the lingering effects of COVID-19 as well as addressing the macroeconomic impact of the ongoing geopolitical tensions.