Latest content: Small states

This report provides a succinct overview of development finance and climate finance, focussing on its provision to Least Developed Countries and Small Island Developing States within the Commonwealth. It considers the current and potential roles of multilateral development banks and international development financial institutions; tools such as ‘debt for climate’ swaps; and the need to reconsider the use of and balance between debt capital and grants. Finally, the report proposes alternative funding mechanisms and reforms to international financial architecture that could have transformative impacts on capital flows to enable vulnerable developing nations to respond to the effects of climate change and increase their resilience.
Read publication - Accessing Development and Climate Finance: Issues and Challenges in the Commonwealth Countries
A review of ocean-based actions and commitments contained in the Nationally Determined Contribution (NDC) reports – the main mechanism by which countries communicate their ambitions and efforts in support of the Paris Agreement – of the 49 coastal and island states within the Commonwealth.
Read publication - ‘Blueing’ the NDCs: A Review of the Nationally Determined Contributions of Commonwealth Coastal and Island Countries for Ocean-Based Actions and Commitments
Today, the Commonwealth Secretariat and Cambridge University’s Centre for Resilience and Sustainable Development (CRSD) are hosting a collaborative workshop for climate finance experts to examine new tools designed to improve climate finance attractiveness for Commonwealth Small Island Developing States (SIDS).
Read news - Commonwealth partnership develops new tools to improve climate finance attractiveness for vulnerable countries
The Commonwealth Secretary-General has welcomed the recently-launched Resilience and Sustainable Facility (RSF) - the International Monetary Fund’s (IMF) financing facility aimed at helping low-income and vulnerable middle-income countries build resilience to economic shocks – but said that more work must be done to improve eligibility, requirements, and conditions in accessing this facility for small and vulnerable states.
Read news - In Washington, the Commonwealth Secretary-General calls for more action to help small and vulnerable states
19 April 2022 to 19 April 2022
This Commonwealth Side Event at the 2022 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group will aim to understand how organised crime is affecting the economies of Caribbean Commonwealth countries and how they can build capacity resilience going forward.
Last week, 460 young people from across the Commonwealth participated in the Cambridge Country Consultation workshop that aims to transform the capacity of governments in Commonwealth Small Island Developing States (SIDS), to attract sustainable finance for youth initiatives, protect biodiversity and to contribute to resilient economies.
Read news - Commonwealth engages with over 400 youth in Cambridge Country Consultation workshop