CFMM

Commonwealth Finance Ministers Meetings

Since its inception the Commonwealth Finance Ministers Meeting has sought to prepare Ministers for their discussions at the IMF/ World Bank Meetings which take place immediately afterwards.

Next Meeting

The next Commonwealth Finanance Ministers Meeting will take place in Cyprus from 30 September to 2 October 2009.

Last Meeting

Commonwealth Finance Ministers last met in Gros Islet, St Lucia on 7 and 8 October 2008. The meeting was chaired by the Hon Stephenson King, Prime Minister and Minister of Finance, St Lucia.

Ministers reviewed the world economic situation, national and global responses to the difficult circumstances most countries are facing following the surge in food and energy prices, as well as deepening financial turmoil in advanced economies. They discussed a range of issues that are on the agenda of the annual meetings of the World Bank and IMF in Washington and also ways to advance the needed reform of the two institutions. They considered policy issues relating to the economic challenges of climate change, aid and aid effectiveness and ways to take forward the Accra Agenda for Action, debt sustainability and debt relief, supporting development in small states, and promoting investment in Commonwealth developing countries. They agreed to take forward their conclusions to the IMF/World Bank meetings in Washington.