CVF

CLIMATE PROSPERITY FELLOWSHIP PROGRAMME

The Climate Prosperity Fellowship Programme was launched by the V20 Finance Ministers on 13 October 2023, at the sidelines of the 2023 Annual Meetings of the World Bank Group and International Monetary Fund in Marrakech, Morocco. The Fellowship Programme is in partnership with Boston University Global Development Policy Center and the Centre for Sustainable Finance at SOAS University of London.

This initiative aims to advance cooperation and engagement of officials from V20 Member Countries towards supporting development-positive climate action through Climate Prosperity Plans (CPPs) and addressing the challenges posed by out-of-date global financial architecture.

It will equip fellows with the latest research and analytics needed to accelerate the development, implementation, and financing of CPPs in their respective countries; while fostering collaboration on vital climate finance and sustainable development solutions.

There are 15 pioneering fellows who are mid- to senior-level finance officials from 13 V20 Member Countries: Bangladesh, Bhutan, Eswatini, Fiji, The Gambia, Ghana, Haiti, Honduras, Kenya, Maldives, Philippines, Rwanda, and Tonga.

FELLOWS

Bangladesh

Mr. Masudul Haque

Bhutan

Mr. Sangay Chojay

Eswatini

Mr. Ncamiso Ngcamphalala

Fiji

Mr. Munesh Shalvin Deo

Ghana

Mr. Dennis Kwame Apreku

Ghana

Ms. Doris Brago Akomea

Haiti

Mr. Fritz-Gérald Louis

Honduras

Mr. Orlando Garner

Kenya

Mr. Hillary Korir

Maldives

Ms. Fathimath Mohamed Didi

Philippines

Mr. John Adrian Narag

Philippines

Ms. Anna Marie Mercaldi

Rwanda

Mr. Thierry Watrin

The Gambia

Ms. Isatou Camara

Tonga

Ms. Ilaisaane Lieti Lolo

Table of Contents

Carbon Financing

The CVF-V20 has a partnership agreement with the Voluntary Carbon Markets Initiative (VCMI) to access opportunities relating to Article 6 of the Paris Agreement including internationally traded mitigation outcomes (ITMOs) and other voluntary carbon market opportunities through framework creation and project preparation.

Debt Solutions Advisory

Support for debt restructuring deals using the climate lens to create fiscal space for climate investments and support with regulatory changes that prioritize climate-related funding. Additionally, this includes an advisory group to assist member countries in negotiating debt restructuring, debt-for-climate swaps, attracting concessional options, and private investments.  

Financial Protection and Vertical Funds Advisory

A nimble program to implement loss and damage projects at the community-level in CVF-V20 member states. Phase 1 included implementation of loss and damage projects in Kenya, Malawi and Bangladesh. The implementation is nearing completion around mid-year. Phase 2 that includes implementation of loss and damage projects in the Pacific region and Ghana has been approved by the Board of the CVF-V20 Joint Multi-Donor Fund. Phase 2 implementation will commence once financing agreements are concluded. Phase 3 is a GEF-funded adaptation program for CVF-V20 member states. Final GEF approval in 2024 will kickstart the implementation of at least 50 adaptation projects.

CVF-V20 Joint 100RE Resilient Futures Program

Just energy transition program with International Renewable Energy Agency (IRENA) includes: (a) social protection and livelihood/reskilling opportunities; (b) phase down and phase out fossil fuels with low cost and long-term financing for domestic and regional renewable energy wealth, and storage optimization; (c) legacy liabilities strategies to position countries’ energy security with technologies of the future; (d) rapid grid modernization to give assurance to renewable energy investors and operators; and (e) participation and investment in transition/critical minerals and emerging technologies including processing, recycling and green hydrogen industries, among others.

PRESIDENCY