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Commonwealth Secretariat Strategic Plan 2021/22 – 2024/25

Commonwealth Secretariat Strategic Plan 2021/22 – 2024/25

The Commonwealth Secretariat Strategic Plan 2021/22-2024/5 is a collaborative results framework publication drafted by the Commonwealth Secretariat. It is based on the principles of the Commonwealth Charter, the previous Strategic Plan (2017/18-2020/21), notes and recommendations from the Executive Committee and Board of Governors, internal and external documents such as the Forum of Small States, and mandates drafted during the Commonwealth Heads of Government meetings in the past decade.

Commonwealth Plasticity

Commonwealth Plasticity

The world can not recover from the impact of COVID-19 without an effective rules-based trading system that is both inclusive and sustainable. It will require members of the World Trade Organisation (WTO) to work in conjunction towards galvanizing multilateral trade to equip the Commonwealth states, as well as the rest of the world should they wish to partake, for any trade issues that may arise.

The Decentralised Commonwealth Dominance

The Decentralised Commonwealth Dominance

Undoubtedly, trade is an essential element of sustainable economic development which has alleviated millions of individuals out of poverty worldwide. The importance of global trade to universal prosperity is showcased in the WTO’s membership which, over the 25 years since its establishment in the 1994 Marrakesh Agreement, has increased to 164 members, including 50 Commonwealth states, collectively constituting 96 per cent of global GDP.

COVID-19’s impact on Commonwealth FDI

COVID-19’s impact on Commonwealth FDI

The importance of foreign direct investment (FDI) for both intra-and-extra Commonwealth trade cannot be overstated, especially concerning global value chains (GVCs) structure and operations. FDI supports domestic firm participation in global networks of production and provides a channel for them to gain access to international markets partially via facilitating their integration into trans-border supply chains.

Commonwealth Trade and Digitalisation

Commonwealth Trade and Digitalisation

The Commonwealth’s share in global ICT goods fell from 14.5 per cent in 2010 to 11.7 per cent in 2019 albeit in absolute value terms it increased from US$522.1 billion to US$547.7 billion.

Global Wealth Management: How does the Muslim world do it?

Global Wealth Management: How does the Muslim world do it?

“Global Attitudes to Islamic Wealth Management” is an enlightening and unprecedented report compiled by Jersey Finance, a not-for-profit organisation representing Jersey as an international finance centre (IFC), in partnership with Gateway Global, a team of Shari’a experts, lawyers, financiers, accountants and regulators well versed in multi-jurisdictional legal practice.

Islamic Banking Overview

Islamic Banking Overview

This newsletter and presentation is an overview of Islamic Banking which is particularly relevant to the 730 million or so members in the Commonwealth, and a guide for non-Muslims to Islamic banking practices.