Creation of the V20

Published 4:37 pm
September 17, 2015

Upcoming Establishment of Climate-Focused Vulnerable Twenty Group of Ministers of Finance

The Vulnerable Twenty group of Ministers of Finance, V20, of the CVF will be established during 07 – 08 October 2015 at Lima, Peru in conjunction with the Annual Meetings of The World Bank Group & International Monetary Fund (IMF).
The establishment of the V20 was foreseen in the 2013 – 2015 CVF Costa Rica Action Plan. The creation of the V20 will initiate dedicated cooperation among Ministers of Finance of the CVF enabling vulnerable countries to steer a high-level policy dialogue pertaining to action on climate change and the promotion of climate resilient and low emission development. V20 aims include to:
• Promote the mobilization of public and private climate finance;
• Share and exchange best practices on economic and financial aspects of climate action;
• Develop new and improved approaches to climate finance; and,
• Engage in joint advocacy and other collective actions.
The V20 launch comprises three related events at the Lima World Bank Group & IMF annual meeting, as follows:
  1. Inaugural Meeting of the Finance Misters of the V20 on 08 October 2015 12:00 – 13:00 chaired by H.E. Cesar Purisima, Secretary of Finance of the Philippines
  2. V20 Deputes / Senior Officials Meeting on Wednesday 07 October 2015 13:00 – 15:00
  3. Technical V20 first Working Group Meeting on 08 October 2015 14:00 – 16:00
The V20 members, all CVF participating countries, comprise: Afghanistan, Bangladesh, Barbados, Bhutan, Costa Rica, Ethiopia, Ghana, Kenya, Kiribati, Madagascar, Maldives, Nepal, Philippines, Rwanda, Saint Lucia, Tanzania, Timor-Leste, Tuvalu, Vanuatu and Vietnam.
Photo: National flags of the members of the Vulnerable Twenty (V20) Group of Ministers of Finance – source:  Wikipedia – license: CC

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