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X-ORIGINAL-URL:https://www.v-20.org/
X-WR-CALNAME:V20: The Vulnerable Twenty Group
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BEGIN:VEVENT
CLASS:PUBLIC
UID:MEC-bf3885362571d2529a3c938f39b636ab@v-20.org
DTSTART:20221016T140000Z
DTEND:20221016T160000Z
DTSTAMP:20220928T212900Z
CREATED:20220928
LAST-MODIFIED:20230406
PRIORITY:5
TRANSP:OPAQUE
SUMMARY:V20 Ministerial Dialogue IX
DESCRIPTION:[vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column][vc_empty_space woodmart_hide_large=”0″ woodmart_hide_medium=”0″ woodmart_hide_small=”0″ woodmart_hide_extra_small=”0″][/vc_column][vc_column mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no”][vc_column_text text_larger=”no”]\nV20 Ministerial Dialogue IX\n[/vc_column_text][vc_column_text text_larger=”no”]\nHIGH LEVEL MEETING\n“When is Now?” for a Fit-for-Climate Financial Architecture for a Planet on Fire\n[/vc_column_text][vc_column_text text_larger=”no”]\n\n\n\n\n16 October 2022 10am-12pm EDT\nIn-Person at Conference Hall 1, International Monetary Fund HQ 2, Washington DC\nIMF/World Bank Annual Meetings\n\n\n\n\n[/vc_column_text][vc_column_text text_larger=”no”]SUMMARY\n[/vc_column_text][vc_column_text text_larger=”no”]\n\nPrincipal forum of the V20 Group of Ministers of Finance co-hosted by the V20 and the International Monetary Fund\nOn the record high-level dialogue of V20 finance ministers chaired by the Minister of Finance of Ghana (V20 Chair) and invited partners including G7/G20; and\nMinisterial Dialogue Communique to articulate top concerns and opportunity areas initiatives of the V20 member economies, and a call to action.\n\n[/vc_column_text][vc_column_text text_larger=”no”]\n\n \nThe Ministerial aims to:\n\n\nMonitor progress and update on V20 activities and work program, including the CVF & V20 Joint Multi-Donor Fund, the V20 Loss and Damage Funding Program, the Sustainable Insurance Facility, the Accelerated Financing Mechanism and Carbon Financing Development Program\nHighlight key concerns of funding and liquidity to deal with the climate, Covid, debt and energy crises which warrants action from the international public finance community and key central banks\nCall to action and discuss key initiatives for accelerated mobilization of financial resources and investment, especially to deliver a doubling of international funding for climate adaptation and loss and damage, financing the green transition, and reducing the financial protection gap through the G20-V20 InsuResilience Global Partnership and the development of the G7and V20 led Global Shield\nExplore public and private partnerships for Climate Prosperity Plans as a V20 strategic investment framework\n\n[/vc_column_text][vc_column_text text_larger=”no”]EVENT OBJECTIVES\n[/vc_column_text][vc_column_text text_larger=”no”]\nThe ninth V20 Ministerial Dialogue at the Annual Meetings of the IMF and World Bank Group in October 2022 is the supreme forum of the V20 Group of 55 Finance Ministers of economies systemically vulnerable to climate change. The Dialogue serves to forge and oversee key V20 partnerships with international financial system actors, including donors, international financial institutions and development partners, and to review progress and endorse activities in the. V20’s own program of work. The Ministerial will issue a Communique highlighting shared challenges and V20 efforts with partners, along with a call to action in the lead up to Sharm el-Sheikh COP27.\n[/vc_column_text][/vc_column][vc_column][vc_column_text text_larger=”no”]You may RSVP via email at secretariat@v-20.org ( mailto:secretariat@v-20.org )[/vc_column_text][/vc_column][/vc_row][vc_row disable_element=”yes” mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column][vc_single_image image=”19134″ img_size=”full” alignment=”center” parallax_scroll=”no”][/vc_column][/vc_row][vc_row disable_element=”yes” mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column width=”1/4″][vc_btn title=”Livestream in English” style=”flat” shape=”square” color=”blue” link=”url:https%3A%2F%2Fyoutu.be%2FoQCBWfFLPFc||target:%20_blank|”][/vc_column][vc_column width=”1/4″][vc_btn title=”Livestream in French” style=”flat” shape=”square” color=”blue” link=”url:https%3A%2F%2Fyoutu.be%2FgDuR787NhJg||target:%20_blank|”][/vc_column][vc_column width=”1/4″][vc_btn title=”Livestream in Spanish” style=”flat” shape=”square” color=”blue” link=”url:https%3A%2F%2Fyoutu.be%2FOgqPtbTSy6s||target:%20_blank|”][/vc_column][vc_column width=”1/4″][vc_btn title=”Livestream in Arabic” style=”flat” shape=”square” color=”blue” link=”url:https%3A%2F%2Fyoutu.be%2FG2Te4zTkRdM||target:%20_blank|”][/vc_column][/vc_row][vc_row disable_element=”yes” css=”.vc_custom_1625670296406{margin-top: 0px !important;border-top-width: 0px !important;padding-top: 0px !important;}” mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column][vc_column_text text_larger=”no”]\n\nNON-SPEAKERS\n\n[/vc_column_text][vc_column_text text_larger=”no”]V20 Member Countries[/vc_column_text][vc_column_text text_larger=”no”]\n\nRepresentatives from Ministry of Finance, Vietnam\nRepresentatives from Ministry of Finance and Public Credit, Colombia\nRepresentatives from Ministry of Finance, Palestine\n\n[/vc_column_text][vc_column_text text_larger=”no”]G20 and Partners[/vc_column_text][vc_column_text text_larger=”no”]\n\nRepresentatives from Ministry of Economy and Finance, Republic of Korea\nRepresentatives from Ministry of FInance and Public Credit, Mexico\nRepresentatives from Ministry of Finance, Germany\nRepresentatives from Department of Treasury, United States\nUNEP FI Principles for Sustainable Insurance Initiative \nInternational Labour Organization\nG24 Secretariat\nWorld Resources Institute\n\n[/vc_column_text][/vc_column][/vc_row][vc_row disable_element=”yes” css=”.vc_custom_1636308600983{margin-top: 0px !important;border-top-width: 0px !important;padding-top: 0px !important;}” mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column][vc_column_text text_larger=”no”]\n\nEVENT DESCRIPTION\n\n[/vc_column_text][vc_column_text text_larger=”no”]A spiralling, dual climate-Covid crisis has shaken vulnerable developing economies, undermined livelihoods and sustainable development progress, and generated unprecedented transnational financial upheaval with multiple penalties for the world’s poor and vulnerable groups. At the same time, weak delivery of international climate finance, unresolved carbon finance mechanisms under the Paris Agreement, and financing instruments that are ineffective at addressing challenges specific to systemically climate vulnerable economies hold back ambition are exposing the world economy to acute risks, fuelling uncertainty, and undermining trust and the global recovery.[/vc_column_text][vc_column_text text_larger=”no”]Overcoming such challenges on the road to UNFCCC COP26 is an urgent priority and targeted initiatives that promote action on managing macroeconomic risks, capital hurdles to climate action, bridging the financial protection gap, among other key climate finance challenges, also represent a significant opportunity to build back better.[/vc_column_text][vc_column_text text_larger=”no”]To contribute new momentum, the V20, led by Bangladesh, is convening “Climate Vulnerables Finance Summit” – the first intergovernmental finance summit led by economies systemically vulnerable to the global climate crisis. The Summit builds on the Midnight Survival Deadline for the Climate, spearheaded by the Bangladesh presidency of the Climate Vulnerable Forum (CVF) and V20, and contributes to over 70 nations revising their Paris Agreement national commitments, as well as the Climate Adaptation Summit 2021, the G7 Summit outcome for increasing climate finance and funding for climate change adaptation, and other recent pledges of strengthened climate responses from major and vulnerable economies and international financial institutions alike.[/vc_column_text][vc_column_text text_larger=”no”]Prepared and hosted by the V20, and co-hosted with the Global Center on Adaptation, the Summit will be headed by global leaders, includes ministerial roundtables, and will feature interventions by CVF Heads of State and Government, high-level representatives of key partners, and the V20 Ministers of Finance. Together with the United Nations, the IMF and development partners, the high-level dialogue aims to shape globally cooperative and South-South responses for fast-tracked resilience building efforts and bold new economic and finance actions and partnerships that are updated for the evolving realities of tandem climate and COVID pressures. The Summit likewise serves as a critical opportunity to showcase all that the most climate threatened nations have been facing and undertaking, while exploring appropriate and enhanced responses with the international community. An effective recovery and resilient and prosperous future demands global and regional economic and financial cooperation and institutions consistent with the needs, and supportive of the ambition, of the most vulnerable.[/vc_column_text][vc_column_text text_larger=”no”]The Summit will issue a Communique highlighting the key expectations of the vulnerable economies on global climate finance, cooperation with multi-lateral financial institutions, and COP26, as well as partnerships being advanced together with the V20, including:[/vc_column_text][vc_column_text text_larger=”no”]\n\nLaunch of the V20 Vision 2025 to underpin the direction of the V20 to reach key socio-economic growth outcomes together amid a climate-covid emergency;\nShaping of a V20 Climate Prosperity Recovery Agenda for the systematic and universal consideration of climate risk and to promote enabling assistance options including capacity development, crisis assistance and carbon financing;\nPresentation and partnership exploration on national “Climate Prosperity Plans” as strategic economic-climate-SDG investment and cooperation frameworks to advance V20 ambitions for resilience and prosperity at the economy-level – the Government of Bangladesh will present the Mujib Climate Prosperity Plan Decade 2030, named in honor of marking the birth centenary of the country’s Father of the Nation, Sheikh Mujibur Rahman;\nInnovative V20 financing initiatives including the Accelerated Financing Mechanism to address capital cost challenges, the Sustainable Insurance Facility and the InsuResilience Global Partnership to bridge the financial protection gap, and the new CVF & V20 Joint Multi-Donor Fund.\n\n[/vc_column_text][/vc_column][/vc_row][vc_row disable_element=”yes” css=”.vc_custom_1636308584084{margin-top: 40px !important;margin-bottom: 40px !important;}” mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column][vc_custom_heading text=”Press Release and Communiqué” font_container=”tag:h2|font_size:18px|text_align:left|color:%233c6cb3″ google_fonts=”font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal”][vc_column_text text_larger=”no”]PRESS RELEASE: Vulnerable economies call rich nations to avert global climate-COVID economic threat\nCOMMUNIQUÉ: 1st Climate Vulnerable’s Finance Summit Communiqué[/vc_column_text][/vc_column][/vc_row][vc_row disable_element=”yes” css=”.vc_custom_1636308591578{margin-top: 40px !important;margin-bottom: 40px !important;}” mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column][vc_custom_heading text=”Download” font_container=”tag:h2|font_size:18px|text_align:left|color:%233c6cb3″ google_fonts=”font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal”][vc_column_text text_larger=”no”]V20-Vision-2025.pdf\nV20 Climate Prosperity Recovery Agenda.pdf[/vc_column_text][/vc_column][/vc_row]\n
URL:https://www.v-20.org/events/v20-ministerial-dialogue-ix
CATEGORIES:Ministerial
ATTACH;FMTTYPE=image/jpeg:https://www.v-20.org/wp-content/uploads/2022/09/PHOTO-2022-10-10-02-36-59.jpg
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