4.1 Commonwealth–auctusESG advocacy on strengthening macroeconomic resilience in small states
One such collaboration in 2025 was that between the Secretariat and auctusESG, which represented an opportunity to support small states in addressing some of the most pressing economic and climate-related challenges. Small states remain disproportionately exposed to climate shocks, external debt pressures and barriers to accessing affordable finance – issues that require co-ordinated, system-wide solutions. Through this partnership, the Commonwealth and auctusESG looked at how to support small states in the long term by first engaging in a Roundtable on Macroeconomic Resilience in Small States, held in June 2025 at Marlborough House, London.14
The dialogue brought together policy-makers, central banks, experts and development partners to consider how fiscal and monetary tools can be reoriented toward resilience building in climate-vulnerable economies. The roundtable delivered key outcomes, including actionable recommendations on climate-integrated fiscal planning, access to concessional and innovative finance, climate-sensitive financial regulation, and strengthening institutional capacity. These insights will shape ongoing technical engagement with member countries and development partners.
auctusESG complements this institutional foundation with deep technical expertise across sustainable finance, climate risk and financial system innovation. Its work spans multiple regions and includes the design of innovative financial instruments, de-risking mechanisms and market-driven approaches that help countries attract private and blended finance. Such partners bring extensive experience in capacity building that will enable governments, regulators and financial institutions in small state member countries to better integrate climate risks and resilience into fiscal and monetary governance.
Footnotes
14 See Commonwealth Secretariat (2025, July 21), ‘From climate crisis to building economic resilience across the Commonwealth’, news release. https://thecommonwealth.org/news/climate-crisis-building-economic-resilience-across-commonwealth | [back]