Latest content: Economic development

At their annual meeting held today in Washington DC, Commonwealth Central Bank Governors came together to discuss strategies to best work together to tackle inflation at a time when the global economy is facing excessive inflationary pressures driven by geopolitical tensions, coupled with the disruption in supply chain.
Read news - Commonwealth Central Banks Governors explore effective strategies for tackling inflation 
28 July 2022 to 28 July 2022
Organised by the Commonwealth Secretariat, Enhanced Integrated Framework and the World Economic Forum, the thematic focus of the session is on solutions to build capacity for developing countries to engage fully and effectively in digital trade. This aligns most closely with the Global Review’s themes of “connectivity and empowerment” and “future priorities”.  
Last month, the Commonwealth Trade Competitiveness team together with the Gambia’s Ministry of Trade and the Gambia Investment and Export Promotion Agency (GiEPA) held a two-day exporters’ stakeholder forum aimed at identifying the most efficient ways to ensure the successful implementation of the Gambia’s National Export Strategy (NES) for 2021-2025.
Read news - Commonwealth helps The Gambia implement National Export Strategy
Breaking the world’s reliance on fossil fuels and accelerating the global uptake of renewable energy will play a decisive role in diminishing the threat of global warming to the survival of life on earth, according to experts. But turning the vision into reality will demand unwavering political will and, critically, massive investment, which can no longer be shouldered solely by aid and development partners.
Read news - Mobilising the ‘Tools’ for renewable energy investment in the Seychelles
16 November 2021 to 17 November 2021
The SPD and ICT teams are collaborating with the Commonwealth Pharmacist Association, SAPAM and external country based individuals to share our success at the 2021 NetHope Summit at a Session titled “Partnering to Promote Information Sharing in Commonwealth Medical Procurement”
After three years in the making, last week the Commonwealth Secretariat launched its new Voluntary Information and Price-Sharing database (VIPSD). One-third of the world’s population lacks access to essential medicines, with most of them living in poor countries, while rising prices of new drugs are becoming a challenge in wealthy states. And, since the global Covid-19 pandemic, the urgent need for essential medicines has intensified.
Read press release - Commonwealth Launches Voluntary Information and Price Sharing Database
At their annual meeting, Commonwealth Finance Ministers were urged to take action to change the current development finance architecture, enhance access to finance for countries vulnerable to climate change and address debt sustainability.
Read press release - Finance Ministers call for change to development finance architecture to fight climate change and address debt vulnerabilities