V-20's activities
Insights: Financial Protection
WORLD BANK SHOULD COURSE-CORRECT FOR MORE FLEXIBLE CAT BOND TRIGGER CONDITIONS IN THE WAKE OF JAMAICA’S EXPERIENCE WITH HURRICANE BERYL
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Climate Vulnerable Forum and Observer Research Foundation Sign Memorandum of Understanding
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![The Voluntary Carbon Markets Integrity Initiative and Climate Vulnerable Forum and its V20 Finance Ministers Partner to Leverage Carbon Markets in Support of Climate Prosperity(1) The Voluntary Carbon Markets Integrity Initiative and Climate Vulnerable Forum and its V20 Finance Ministers Partner to Leverage Carbon Markets in Support of Climate Prosperity(1)](https://www.v-20.org/wp-content/uploads/2024/06/The-Voluntary-Carbon-Markets-Integrity-Initiative-and-Climate-Vulnerable-Forum-and-its-V20-Finance-Ministers-Partner-to-Leverage-Carbon-Markets-in-Support-of-Climate-Prosperity1.png)
The Voluntary Carbon Markets Integrity Initiative and Climate Vulnerable Forum and its V20 Finance Ministers Partner to Leverage Carbon Markets in Support of Climate Prosperity
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![The Voluntary Carbon Markets Integrity Initiative and Climate Vulnerable Forum and its V20 Finance Ministers Partner to Leverage Carbon Markets in Support of Climate Prosperity(1) The Voluntary Carbon Markets Integrity Initiative and Climate Vulnerable Forum and its V20 Finance Ministers Partner to Leverage Carbon Markets in Support of Climate Prosperity(1)](https://www.v-20.org/wp-content/uploads/2024/06/The-Voluntary-Carbon-Markets-Integrity-Initiative-and-Climate-Vulnerable-Forum-and-its-V20-Finance-Ministers-Partner-to-Leverage-Carbon-Markets-in-Support-of-Climate-Prosperity1.png)
V20 Ministerial Dialogue XII Communiqué
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![1. V20 MDXII_Event Poster_Final(1) 1. V20 MDXII_Event Poster_Final(1)](https://www.v-20.org/wp-content/uploads/2024/04/1.-V20-MDXII_Event-Poster_Final1.jpg)
V20 Finance Ministers Call for Concessional Capital and Debt Solutions to Achieve Development and Climate Goals
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V20 Senior Officials Convene ahead of Ministerial Meeting
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CVF Leaders Convene in Davos to Drive Investments into Climate Prosperity
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![CVF Leaders Convene in Davos to Drive Investments into Climate Prosperity CVF Leaders Convene in Davos to Drive Investments into Climate Prosperity](https://www.v-20.org/wp-content/uploads/2024/01/CVF-Leaders-Convene-in-Davos-to-Drive-Investments-into-Climate-Prosperity.jpg)
CVF Leaders’ Investment Roundtable
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![CVF Leaders’ Investment Roundtable 2 CVF Leaders’ Investment Roundtable 2](https://www.v-20.org/wp-content/uploads/2024/01/CVF-Leaders-Investment-Roundtable-2.jpg)
COP28 CLOSING STATEMENTS: V20 Chair and CVF Secretary-General on the adoption of the UAE Consensus
Dubai, 14 December 2023 –
Ghana Finance Minister and V20 Finance Ministers Chair Ken Ofori-Atta and Former Maldives President and Climate Vulnerable Forum (CVF) Secretary-General Mohamed Nasheed released the following statements at the closing of the UN climate conference here:
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![V20 Chair and CVF Secretary-General on the adoption of the UAE Consensus V20 Chair and CVF Secretary-General on the adoption of the UAE Consensus](https://www.v-20.org/wp-content/uploads/2023/12/V20-Chair-and-CVF-Secretary-General-on-the-adoption-of-the-UAE-Consensus.jpg)
CVF-V20 at COP28: Transform global finance system to make it fit-for-climate
Dubai, 2 December 2023 –
The Climate Vulnerable Forum and V20 Finance Ministers today held a stocktake of reforms in the international financial architecture to spur development-positive climate action, a day after the current and incoming chairs of the CVF endorsed and helped launch the COP28 finance declaration.
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![CVF-V20 at COP28-Transform global finance system to make it fit-for-climate CVF-V20 at COP28-Transform global finance system to make it fit-for-climate](https://www.v-20.org/wp-content/uploads/2023/12/CVF-V20-at-COP28-Transform-global-finance-system-to-make-it-fit-for-climate.jpg)
Barbados to Hold Next Climate Vulnerable Forum Presidency with former Maldives president Mohamed Nasheed as first CVF-V20 Secretary-General
Dubai, 1 December 2023 –
Barbados has been selected to host the next presidency of the Climate Vulnerable Forum (CVF), a group of 68 developing countries highly vulnerable to climate change, while former Maldives President Mohamed Nasheed has been appointed as the CVF’s first Secretary-General.
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![Barbados to Hold Next Climate Vulnerable Forum Presidency with former Maldives president Mohamed Nasheed as first CVF-V20 Secretary-General Barbados to Hold Next Climate Vulnerable Forum Presidency with former Maldives president Mohamed Nasheed as first CVF-V20 Secretary-General](https://www.v-20.org/wp-content/uploads/2023/12/Barbados-to-Hold-Next-Climate-Vulnerable-Forum-Presidency-with-former-Maldives-president-Mohamed-Nasheed-as-first-CVF-V20-Secretary-General.jpg)
CVF Founder President Nasheed Meets Dr Sultan Ahead of COP28
Dubai, 11 November 2023 –
The Climate Vulnerable Forum’s (CVF) Founder, former Maldives president Mohamed Nasheed, met yesterday with COP28 president, H.E. Dr. Sultan Ahmed Al Jaber in Dubai.
President Nasheed commended Dr Al Jaber on his leadership and the diligent preparations for the upcoming COP, and expressed his belief that the COP would produce outcomes favourable to the 68 climate vulnerable nations that make up the CVF.
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![V20 Senior Officials Convene to Drive Climate Resilience V20 Senior Officials Convene to Drive Climate Resilience](https://www.v-20.org/wp-content/uploads/2023/11/V20-Senior-Officials-Convene-to-Drive-Climate-Resilience.jpg)
V20 Ministerial Dialogue XI: Securing Shared Prosperity and Sustainable Development in a Climate Insecure World
Marrakech, 15 October 2023 –
The Vulnerable Twenty (V20) Group of Finance Ministers, comprising 68 countries from Africa, Asia, the Caribbean, Latin America, the Middle East, and the Pacific, today reiterated their call for urgent reforms in the international financial system. Member ministers also called for recognition of the V20 Finance Ministers as an official group in the International Monetary Fund (IMF).
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V20 Ministerial Dialogue XI Communique
Marrakech, 15 October 2023 –
We, the Ministers and Senior Representatives of the V20 Finance Ministers from Africa, Asia, the Caribbean, Latin America, the Middle East, and the Pacific, met in Marrakech in the Kingdom of Morocco on 15 October 2023 during the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group to discuss, agree, and deploy global strategies meant to avert the worsening impacts of the climate crisis and to secure shared prosperity and sustainable development.
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Forum of 68 vulnerable countries call for climate prosperity, debt action at UNGA 78
United Nations (UN), NY, 21 September 2023 –
Sixty-eight climate-vulnerable countries are driving the agenda here calling for the overhaul of the global financial architecture.
Governments of the Climate Vulnerable Forum (CVF), representing 1.74 billion people and USD 3.8 trillion in GDP, met today on the sidelines of the UN General Assembly to amplify their call for climate prosperity and debt sustainability. Merely surviving the global polycrisis is not enough because the main goal is to thrive.
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V20 Senior Officials Convene to Drive Climate Resilience
Accra, 12 September 2023 –
The Senior Officials of the Vulnerable Twenty (V20) Group of Ministers of Finance of the Climate Vulnerable Forum (CVF), a dedicated initiative of 68 climate-vulnerable countries focused on financing initiatives, advocacy and partnership efforts for countries most threatened by climate change, convened virtually today to discuss the group’s achievements and plans for the upcoming year.
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Most Recent
Global Shield against Climate Risks passes further milestone to better support the most vulnerable
oint press release of Vulnerable Group of Twenty (V20) and the German Ministry for Economic Cooperation and Development (BMZ), 25 May 2023 – The governing body of the InsuResilience Global Partnership decided on the Global Shield’s operating model today. This is a big step from the initial idea conceived one year ago, to agreeing on the concept and launching it last fall, to making the Global Shield fully operational now. The meeting took place on the sidelines of the African Development Bank Group Annual Meetings in Sharm el-Sheikh, Egypt. Leadership adopted the Global Shield Governance Structure, agreed on the details of the respective in-country processes and endorsed the framework for country prioritization. These decisions are crucial for effectively supporting vulnerable countries in responding to losses and damages from extreme weather events. They aim at systematic (focus on the most urgent needs), coherent (interplay of different actors and instruments) and sustained protection against climate risks for vulnerable countries and people.
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Statement by the V20 Chair, H.E. Ken Ofori-Atta, Minister for Finance and Economic Planning of Ghana on the IPCC 6th Assessment Report on Climate Change
20 March 2023 –
The V20 Chair, H.E. Ken Ofori-Atta, Minister for Finance and Economic Planning Ghana released the following statement today ahead of the release of the IPCC 6th Assessment Report on Climate Change:
“This report clearly shows how the climate crisis will worsen our debt challenges while pushing our long-term sustainable development goals further out of reach. Big emitting countries must increase their mitigation ambitions by drastically decarbonizing their economies while increasing more significantly their financial obligations to the climate vulnerable states whose fortunes have been eroded by the effects of climate change – a situation created by the developed world.”
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New World Bank leadership must put Climate Action as top priority
ACCRA, 27 February 2023 – Following the announcement of a change of leadership at the helm of the World Bank Group, the Chair of the Vulnerable Twenty Group of Ministers of Finance (V20) asserts that global development needs an international financial system that is fit-for-purpose given the prevailing climate crisis; and urges that the next head of the World Bank puts climate amongst its top priorities. Reacting to the resignation of the World Bank President, David Malpass, H.E. Ken Ofori-Atta, Hon. Minister for Finance of Ghana and V20 Chair, highlighted that “major reforms to the world’s international financial architecture are urgently needed to prevent the escalating climate crisis from overwhelming the global economy.”
He specifically called for change in the areas of debt; the shifting of financial flows to serve climate goals; and the need to mainstream climate risks in institutional surveillance. He demurred at the continual inequities in keeping to the 1.5C safety limit of the Paris Agreement.
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SRI LANKA CLIMATE PROSPERITY PLAN
PRELIMINARY REPORT
This Preliminary Report presents Sri Lanka’s Climate Prosperity Plan: a national investment strategy to carve a pathway towards prosperity in a climate-insecure world.
![SLCPP](https://www.v-20.org/wp-content/uploads/2022/11/SLCPP.jpg)
A Joint G7 and V20 Ambition: Working towards a Global Shield against Climate Risks
25 Oct 2022 – Climate-fueled risks have driven up the cost of capital and debt to unsustainable levels, especially across climate vulnerable economies, worsening financial protection gaps. Increasing pre-arranged finance which disburses quickly and reliably before or just after disasters happen, and expanding instruments of financial protection for governments, communities, businesses, and households can lower the impact of disasters, make vulnerable countries’ economies more resilient, safeguard sustainable development, and protect lives and livelihoods of poor and vulnerable people.
The G7 in partnership with the Vulnerable Twenty Group (V20) of Finance Ministers from the most climate vulnerable countries want to help close the protection gap for poor and vulnerable people against climate-related losses and damages.
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GEF climate adaptation funds to support V20 Group efforts to avert and minimize climate impacts
Washington DC, USA & Accra Ghana, 15 December 2022 – The GEF Climate adaptation funds support the V20’s funding program with $5.3 million for community-based adaptation activities and will also leverage funding from other sources including those that will provide complementary support to address loss and damage from climate change.
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V20 Debt Review: An account of debt in the Vulnerable Group of Twenty
Emerging market and developing countries (EMDs) are struggling to cope with the persistent presence of the COVID-19 pandemic, the global ramifications of Russia’s war in Ukraine, a growing climate crisis and rapid interest rate increases in advanced economies.
GO TO REPORT
![V20 Debt Review_Cover_September 19_](https://www.v-20.org/wp-content/uploads/2022/09/V20-Debt-Review_Cover_September-19_.jpg)
Climate Vulnerable Economies Loss Report
Climate vulnerable countries are reeling from multiple crises – the debilitating impacts of Covid-19, significant debt distress, the prevailing fuel and food crisis driven by the Russia-Ukraine war, in addition to climate impacts. This report presents a unique study into the recent economic loss and damage suffered by the world’s most climate vulnerable economies – the members of the Vulnerable Twenty (V20) Group and Climate Vulnerable Forum (CVF).
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Latest news
Climate Vulnerable Forum and Observer Research Foundation Sign Memorandum of Understanding
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Job Post: Deputy Director, Financial Protection & Vertical Funds
Job Post: Bangladesh-based Analyst
The Voluntary Carbon Markets Integrity Initiative and Climate Vulnerable Forum and its V20 Finance Ministers Partner to Leverage Carbon Markets in Support of Climate Prosperity
Job Post: Analyst (Francophone)
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EXPLORE V20'S WORK
AND IMPACT IN 2019
Third Belt and Road Forum: Seminar on Building a New Vision for the Green Silkroad
Climate-vulnerable economies in a ‘financial death trap’ due to lack of internationally supported national climate initiatives
GFLP in Support of Net Zero: Roadmap for Sustainable Finance
Why climate transition risks are macro-critical: The IMF and enabling a green recovery
An Opportunity to Close the Protection Gap in Climate Vulnerable Countries
David meets Goliath: First ever V20 – G20 meeting highlights the mutual benefits of climate action
Current Events
68 COUNTRIES STAND TOGETHER
TO FIGHT CLIMATE CHANGE
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