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2018 Biennial report of the Commonwealth Secretary-General
The Commonwealth Secretariat is working closely with small and vulnerable states in the areas of resilience, climate change and debt management. Heads agreed that, in advancing the SDGs, the Commonwealth should provide continued assistance to member countries in attaining long-term debt sustainability, by means of technical advice on institutional strengthening, debt financing, debt strategy formulation and debt restructuring. Since May 2016, the use of the Commonwealth Secretariat’s comprehensive suite of eLearning tools has increased significantly. These tools are designed to facilitate capacity-building of debt management officials in the administration of external and domestic public debt, and the development of medium-term debt management strategies. The Commonwealth Secretariat is rolling out a new generation of its groundbreaking Debt Recording Management System (CS-DRMS). Now called ‘Meridian’, the software incorporates advanced and improved functionalities to better address emerging debt management requirements while also taking advantage of the latest state-of the-art technologies. Meridian is being piloted in five member countries in 2018. The Commonwealth Secretariat continued to provide assistance to member countries, including Cyprus, Barbados, Guyana, The Bahamas and Trinidad and Tobago.