LONDON, ENGLAND - JULY 27: Riders from Team England during practice at the velodrome ahead of the Birmingham 2022 Commonwealth Games on July 27, 2022 on the London, England. Today over 5,000 competitors from nations as far afield as Malaysia to Jamaica converge on Birmingham, UK, for the Commonwealth Games.
The figures take on further significance when considering where our unique association of states is headed. The Supportive trading infrastructure — both digital and physical — should go hand in hand with the lowering of barriers. However, many members, such as Sri Lanka, are falling into debt-stressed situations, likely to worsen as rising interest rates, the strengthening dollar and spiralling bond yields raise the costs of servicing. The need to expand tax bases in developing countries, with most employment in the informal economy, is taking on a new urgency.
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