Commonwealth finance ministers concluded their annual meeting today in Bali, Indonesia, by endorsing key strategies aimed at helping countries reduce disaster risk.
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.
The heads of anti-corruption agencies from French-speaking African nations have attended a training programme in Abidjan, Cote D’Ivoire to learn about the Commonwealth’s anti-corruption initiatives on the continent.
Mutual co-operation and respect for the rule of law received unanimous backing at the Meeting of Law Ministers and Attorneys General of Small Commonwealth Jurisdictions that has concluded in London.
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 Commonwealth Small States Trade Finance Facility has become operational. Its supervisory board met for the first time today, in Malta. The Facility can now begin work to increase trade and investment flows for the 31 small states of the Commonwealth.
Senior officials from law ministries across the Commonwealth welcomed innovative projects by the Secretariat to promote the rule of law and justice reform, following through on mandates given by the Commonwealth Heads of Government Meeting earlier this year.
Commonwealth Secretary-General, Patricia Scotland, has recommended that small member countries put legal measures in place to prepare for the impacts of climate change.
The Commonwealth has announced the start of informal consultations on an important set of benchmarks designed to help governments tackle corruption.
The Commonwealth’s 53 nations will continue their staunch support of Belize’s territorial integrity, Secretary-General Patricia Scotland told Prime Minister Dean Barrow yesterday.