Latest content: Trade and economy

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5 October 2023 to 5 October 2023
You are invited to the virtual launch of our Handbook on Public Debt Transparency via Zoom.

With opening remarks by the Commonwealth Secretary General, the virtual launch will draw speakers from various geographical regions for diversity of thought and perspectives. Speakers from The Commonwealth Secretariat, Commonwealth Member Countries, Academics, Development Partners, Debt Managers, Experts and Practitioners, will also share their thoughts via the panels and keynote presentations.
By Mohamed Z M Aazim, Vikas Pandey and Mac Banda, Debt Management Unit, Commonwealth Secretariat

In this explainer piece, we examine the different methods used by creditors to calculate interest costs under SOFR-based variable interest rate loans. We will also explain why these methods result in nearly identical debt service payments, despite using different ways of calculations.
Read news - Explainer: Do different methods used for calculating SOFR interest rates impact debt repayments?
A Handbook on Public Debt Transparency, produced by the Commonwealth Secretariat’s Debt Management Unit, provides a practical blueprint to assist debt managers and stakeholders to improve transparency in debt management operations through the implementation of a wide range of activities.
The Handbook provides information on key debt transparency issues relevant to both developing and advanced economies based on the Commonwealth Secretariat’s long history of providing technical assistance and capacity-building to debt managers, senior officials and policy-makers in member countries and for stakeholders. The Commonwealth Secretariat’s debt management programme strives to promote sound practices in debt management, including the provisioning of a debt management system since 1983. The Commonwealth Secretariat Debt Recording and Management System (CS-DRMS), an integrated tool for recording, analysing and reporting public sector debt, has evolved into the flagship Commonwealth Meridian, a comprehensive solution that promotes effective and proactive debt management.
Read publication - A Handbook on Public Debt Transparency
The ‘blue economy’ is an evolving development approach centred around sustainable utilisation of the ocean for its full socio-economic potential. It seeks to promote economic growth, social inclusion, and the preservation or improvement of livelihoods, while at the same time ensuring environmental sustainability of ocean and coastal areas. Perhaps nowhere is the blue economy more relevant than in the Caribbean, where it directly supports the economies of 37 coastal and small island countries and territories.

Member countries of the Organisation of Eastern Caribbean States (OECS) have jurisdiction over maritime areas that are significantly larger than their respective land areas and are, therefore, increasingly looking to their maritime waters to both diversify and bolster economic growth by exploring new opportunities for investment, employment and to support local livelihoods. Not only do opportunities exist for growth and innovation in traditional sectors, such as fisheries, marine transport and marine-based tourism, but also to expand into higher-value emerging sectors such as sustainable aquaculture, marine biotechnology and marine renewable energy.
Read publication - Post-COVID-19 Economic Recovery and Building Resilience for the OECS
The Commonwealth Secretariat's Trade Competitiveness Section (TCS) and International Trade Policy Section (ITPS) have recently concluded a highly successful workshop on 'Trade Negotiations and Diplomacy,' aimed at enhancing the negotiating skills of Pakistan's trade officials and strengthening their participation in international trade discussions.
Read news - Empowering Pakistan's trade negotiators: Transformative workshop on diplomacy and trade strategies
The Commonwealth Secretariat and the Organisation Internationale de la Francophonie (OIF) joined forces this week to convene a high-level side event during the Paris Summit for a New Global Financial Pact on June 22. The side event focused on the measures required to: 'Take account of multidimensional vulnerability in the allocation of new development funding'.
Read news - Paris Summit: Commonwealth and OIF stress need for Vulnerability Index
The 2023 Commonwealth Trade Ministers Meeting concluded today with a strong emphasis on cooperation for resilient, inclusive, green and digital economies. Building upon the initiatives agreed upon by Commonwealth Heads of Government in Kigali, Rwanda, in June 2022, the Trade Ministers exchanged views on the challenges facing the global economy and highlighted the importance of building sustainable and resilient economies for post-COVID recovery.
Read news - 2023 Commonwealth Trade Ministers Meeting Paves the Way for an Inclusive and Sustainable Digital Transition
The 2023 Commonwealth Trade Ministers Meeting (CTMM) opened today at Marlborough House in London. The meeting, being held on the 5th and 6th of June, brings together trade ministers from across the Commonwealth to discuss and deliberate on key issues related to trade and investment.
Read news - Commonwealth Trade Ministers Meet to Foster Cooperation for Resilient, Inclusive, Green and Digital Economies