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Trade and economy

A new programme of action for Commonwealth LDCs

The Istanbul Programme of Action (IPoA), which ran from 2011 to 2020, set out a vision and strategy for sustainable development in least developed countries (LDCs) by seeking to overcome some of their persistent development challenges. This report takes stock of the progress made and the challenges encountered by the Commonwealth’s 14 LDCs during implementation of the IPoA. At the dawn of a new programme of action in 2022, amid the COVID-19 pandemic and the resurgence of new variants of the virus, the report also looks ahead to opportunities to address the special needs of Commonwealth LDCs and improve their trade and development prospects over the next decade.

Commonwealth Fintech Toolkit

With the emergence of technology-enabled financial services (fintech) and the profound changes to the production and delivery of financial services it has enabled, Commonwealth Central Bank Governors (CCBGs) expressed a desire for improved technical guidance on fintech implementation.

Oceans

Commonwealth countries are endowed with immense and precious natural resources. These include millions of square kilometres of ocean space, significant renewable (wind, solar) and non-renewable resources (oil, gas, minerals). When managed equitably and sustainably, the exploitation of natural resources bolsters national resilience to economic and social crises, improving prosperity for all citizens.

PACER Plus Implementation

The potential for trade-led sustainable development in most Forum Island Countries (FICs) in the Pacific remains largely untapped. These countries experience several challenges to trade, such as a lack of economies of scale, low levels of foreign direct investment (FDI), inadequate and under developed infrastructure, high costs of doing business and a host of other supply-side contraints. Recent changes in the global economic and trading landscape, including growing trade tensions and protectionism, growth in mega regional trade arrangements, and the rapid advancement in technology have created an additional layer of challenges, producing further impediments for these countries to trade.
Read publication - PACER Plus Implementation

Natural Disasters, Trade Policy and Trade Negotiations: Challenges, Solutions and Resilience Building for Small Island Developing States and Others

Event
From December 1-3, 2021, the International Institute for Sustainable Development (IISD) is providing a virtual space 'The IISD’s Trade + Sustainability Hub' for civil society, government, business, and international organizations to discuss trade and sustainable development.