Small States Digest is a quarterly publication from the Commonwealth Secretariat, which focuses on the opportunities and challenges faced by small states in the global economy. Topics can cover international finance and capital markets, international trade, the environment, natural disasters, macroeconomic management, and economic and social development. The Commonwealth defines small states as sovereign states with a population size of 1.5 million people or less. Larger member countries – Botswana, Jamaica, Lesotho, Namibia and Papua New Guinea – are designated as small states because they share many characteristics of small states. Thirty-one of the fifty-three member countries of the Commonwealth are small states.