Latest content: Economic development

Central bank governors from Commonwealth countries backed a proposal to create a toolkit that will help banks leverage technological innovations in the finance sector to maximise economic growth.

Finance ministers from the 53 member countries of the Commonwealth will meet in the margins of the International Monetary Fund (IMF) and World Bank annual meetings this week in Bali, Indonesia, to discuss financing solutions to help counter the risk of natural disasters in their countries.

The ‘Ask The Expert’ series features leading specialists who work at the Commonwealth Secretariat in specialised areas. In this fourth edition, Travis Mitchell, Head of Economic Policy and Small States, talks about the priority areas that will be discussed at this year’s Commonwealth Finance Ministers Meeting.

While the digital revolution has brought about unprecedented opportunities for global trade, developing countries and small states in the Commonwealth still face some key challenges linked to e-commerce.

Commonwealth Secretary-General Patricia Scotland today announced that the Commonwealth Secretariat is to sign a new agreement with the United Nations Office for South-South Cooperation (UNOSSC),

New research from the Commonwealth Secretariat highlights the potential role that diaspora communities in the United Kingdom can play in promoting the development of their countries of origin.

Pacific leaders have urged the Commonwealth Secretariat to ‘reshape and extend’ the Hub and Spokes programme beyond its proposed closure in November 2018.

At the Commonwealth Heads of Government Meeting (CHOGM) 2018, leaders committed themselves to the vision of increasing intra-Commonwealth trade to US$2 Trillion by 2030.

Secretary General Patricia Scotland has shared her vision to ensure that the Commonwealth remains relevant and vigorous during 'troubled and troubling times'.

The Least Developed Countries (LDCs) are an internationally defined group of highly vulnerable and structurally constrained economies with extreme levels of poverty.

The Sri Lankan Minister of Development Strategies and International Trade, Malik Samarawickrama, has thanked the Commonwealth Secretariat for supporting Sri Lanka’s trade facilitation efforts.

Commonwealth countries will benefit from a new series of technical papers providing guidance in areas such as remittances, aid, tourism and the impact of Brexit.

The G20 (also known as the Group of Twenty) comprises 19 of the world’s leading economies and the European Union. It plays an important policy co-ordination function by providing space for the G20 leaders to engage in regular and constructive dialogue on pressing issues facing the global economy.

Terrence Simfukwe is a trade adviser seconded to Belize’s Ministry of Foreign Affairs and Trade. He’s there as part of the Hub and Spokes Programme. The programme provides trade experts to national ministries and regional trade organisations in the African, Caribbean and Pacific (ACP) group of states. Prior to his posting in 2016, he was principal economist for foreign trade in Zambia’s Ministry of Commerce, Trade and Industry. Here he outlines Belize’s efforts to develop a national trade policy.

Least Developed Countries are set to benefit from an agreement that unites the work of the Commonwealth and the World Trade Organization (WTO) to boost commerce. Commonwealth Secretary-General Patricia Scotland today signed a memorandum of understanding (MOU) with the trade body’s Enhanced Integrated Framework, during a two-day summit at the WTO headquarters in Geneva.

New cutting edge technology, developed by the Commonwealth, could help governments in Eastern and Southern Africa to manage their debt.

Asian countries of the Commonwealth have gathered in New Delhi, India, this week to deliberate on how to respond to major shifts in the global trade landscape.

The Commonwealth is assisting Guyana to create the regulations, policies and legislation it needs for a new petroleum industry that could inject billions into its economy.

He's fortunate to be growing an online business during a digital revolution, but for the General Manager of a leading classified ads platform in Cameroon things could be easier.

Businesses in Cameroon are poised to take advantage of new proposals to boost their digital economy.

Five Commonwealth countries in Africa and the Indian Ocean are putting final touches on an agreement that will make it easier for professionals to move and work across their borders.

Key talks are underway in Botswana to shape a new programme that will support trade in Africa through technical assistance and capacity-building.

A powerful new tool is being rolled out in Barbados that will help modernise the way public debt is managed, through advanced functionalities and state-of-the-art technology.

The Government of Barbados announced that a total of six projects, ranging the funding value from US $90,000 to US $10,000,000 are at the advance stages of preparation.