Latest content: Economic development

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
Event
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
22 June 2021 to 22 June 2021
Event
In the face of multiple global crises, debt-for-climate swaps are being widely discussed as an instrument to manage mounting public debts, climate change challenges and Covid-19 recovery. Belize is a small island developing state in the Caribbean region facing these challenges. The Government of Belize has requested the Commonwealth Secretariat to provide assistance to design and implement a ‘Debt for Climate/Nature Swap Mechanism’ for the country.
10 June 2021 to 10 June 2021
Event
The Commonwealth Secretariat is hosting a webinar in partnership with Microsoft about the skills that young people need to be competitive as employees, entrepreneurs and digital citizens. Over 60 percent of the Commonwealth's 2.4 billion citizens are aged 29 or under. This webinar will offer an opportunity for young people from across the Commonwealth to talk about their digital skills needs and challenges with industry experts.