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X-WR-CALNAME:V20: The Vulnerable Twenty Group
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BEGIN:VEVENT
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UID:MEC-ef80af910fa07870e25b1a4c86d10402@v-20.org
DTSTART:20230416T150000Z
DTEND:20230416T170000Z
DTSTAMP:20230408T055000Z
CREATED:20230408
LAST-MODIFIED:20230425
PRIORITY:5
TRANSP:OPAQUE
SUMMARY:V20 Ministerial Dialogue X
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 X\n[/vc_column_text][vc_column_text text_larger=”no”]\nHIGH LEVEL MEETING\n\n\n\n\n“From Accra to Marrakech: Advancing Fit-for-Climate Financial Architecture and Development-Positive Climate Action”\n\n\n\n\n[/vc_column_text][vc_column_text text_larger=”no”]\n\n \n\n\n\nApril 16 2023 11am-1pm ET\nIn-Person in the IMF Headquarters, HQ 2,\nConference Hall 1\nIMF/World Bank Spring 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 for 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”]OBJECTIVES\n[/vc_column_text][vc_column_text text_larger=”no”]\n\nThe Ministerial X aims to:\n\n\nLaunch the roadmap, under Ghana’s presidency of the Climate Vulnerable Forum and V20, to conclude at the 2023 Annual Meetings of the IMF and World Bank Group at Marrakech, towards an International Financial Architecture that would be “Fit-for-Climate”, delivery equally for the world’s most vulnerable economies as for the global economy\nThe V20 Ministerial X will deliberate on key aspects of transforming international financial systems to deliver on climate, with a particular focus on:\n\nTransformation of international financial institutions financing: Exploring how shifting existing flows, accessing SDRs and optimizing lending headroom can best support climate resilient futures\nDebt sustainability: Exploring how the Common Framework could deliver its most through more comprehensive access to climate threatened economies and by supporting development-positive climate action\nGlobal carbon finance: Exploring how to enable equitable and ambitious climate action by major and vulnerable economies alike through internationally transferred mitigation outcomes and financing\nG7-V20 Global Shield against Climate Risks: Exploring how this major new initiative can transform the management and integration of climate risks of all kinds to close financial protection gaps and accelerate the building of a resilient future\n\n\nThe V20 Ministerial X will also explore the linkages between these four key areas for transformation and the county-led Climate Prosperity Plans of the V20, which present economy-wide development positive climate action strategies for investment, and public and private partnerships to activate cooperation enabling their implementation\n\n[/vc_column_text][vc_column_text text_larger=”no”]Accra Marrkech Agenda ( https://www.v-20.org/accra-marrakech-agenda )[/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_raw_html]JTNDaWZyYW1lJTIwd2lkdGglM0QlMjI1NjAlMjIlMjBoZWlnaHQlM0QlMjIzMTUlMjIlMjBzcmMlM0QlMjJodHRwcyUzQSUyRiUyRnd3dy55b3V0dWJlLmNvbSUyRmVtYmVkJTJGUlQxejIyVnNGbnclMjIlMjB0aXRsZSUzRCUyMllvdVR1YmUlMjB2aWRlbyUyMHBsYXllciUyMiUyMGZyYW1lYm9yZGVyJTNEJTIyMCUyMiUyMGFsbG93JTNEJTIyYWNjZWxlcm9tZXRlciUzQiUyMGF1dG9wbGF5JTNCJTIwY2xpcGJvYXJkLXdyaXRlJTNCJTIwZW5jcnlwdGVkLW1lZGlhJTNCJTIwZ3lyb3Njb3BlJTNCJTIwcGljdHVyZS1pbi1waWN0dXJlJTNCJTIwd2ViLXNoYXJlJTIyJTIwYWxsb3dmdWxsc2NyZWVuJTNFJTNDJTJGaWZyYW1lJTNF[/vc_raw_html][/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][vc_row][vc_column][vc_column_text text_larger=”no”]\nV20 Ministerial X Event Photos\n[/vc_column_text][/vc_column][/vc_row]\n
URL:https://www.v-20.org/events/v20-ministerial-dialogue-x
CATEGORIES:Ministerial
ATTACH;FMTTYPE=image/jpeg:https://www.v-20.org/wp-content/uploads/2023/04/V20-Ministerial-Dialogue-X-cover-image-and-zoom-BG-.jpg
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