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X-WR-CALNAME:V20: The Vulnerable Twenty Group
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BEGIN:VEVENT
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UID:MEC-4f31e209e022bbda5d0246b3e5ab6c38@v-20.org
DTSTART:20231015T120000Z
DTEND:20231015T140000Z
DTSTAMP:20230831T170400Z
CREATED:20230831
LAST-MODIFIED:20240711
PRIORITY:5
TRANSP:OPAQUE
SUMMARY:V20 Ministerial Dialogue XI
DESCRIPTION:[vc_row][vc_column][vc_column_text text_larger=”no”][/vc_column_text][vc_column_text text_larger=”no”]\n\nHIGH LEVEL MEETING\n\n\n\n\n“Securing Shared Prosperity and Sustainable Development in a Climate Insecure World”\n\n\n\n\n[/vc_column_text][vc_column_text text_larger=”no”]\n\n\n\n\nOctober 15 2023 | 1:00pm – 3:00pm GMT +1\nIn-Person in BA01 Tanger, Bab Ighli,\nMarrakech, Kingdom of Morocco\nIMF/World Bank Annual Meetings\n\n\n\n\n[/vc_column_text][vc_column_text text_larger=”no”]SUMMARY[/vc_column_text][vc_column_text text_larger=”no”]Principal forum of the Vulnerable Twenty Group of Finance Ministers, co-hosted by the International Monetary Fund (IMF) as part of the World Bank and the IMF Annual Meetings. The high-level dialogue of V20 finance ministers chaired by the Minister for Finance of Ghana (V20 Chair) with invited partners, including international organizations, the G7 and the G20, will adopt a Ministerial Communique spanning principal concerns and opportunities, as well as initiatives of V20 member economies. The meeting will issue a call to action on macro critical concerns to enable prosperity, sustainable development, and debt sustainability through development–positive climate action as individual members and in concert as the V20 Group.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text text_larger=”no”]OBJECTIVES\n[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text text_larger=”no”]The Ministerial Dialogue is a principal platform for finance ministers from the most climate vulnerable economies to advance a high ambition agenda, which will establish a fit-for-climate global financial architecture that will strengthen international cooperation to achieve climate prosperity and to advance global strategies that will catalyze development-positive climate action within the decade.\nThe V20 Ministerial XI will:\n\nCall for the global financial system to immediately align with climate science through the Accra-Marrakech Agenda, which represents longer term reform with immediate application while advancing critical improvements, including those identified in the Bridgetown Initiative 2.0;\n(i) reforms of the international financial architecture to make debt work for the most vulnerable and to overcome the cost of capital hurdles for climate investment;\n(ii) transformation of the international and development finance system\n(iii) a global deal on carbon financing; and\n(iv) a revolution in risk management through universal risk surveillance and pre-arranged and trigger-based funds.\nAdopt a high-level dialogue communique reflecting the V20 call to action and V20’s principal concerns;\nV20 members to support next steps outlined in the CVF Leaders Declaration towards an Independent Secretariat;\nBuild support across all stakeholders aimed at securing recognition by the IMF of the V20 as an official group; and\nWelcome 10 new V20 members and bring together V20 Finance Ministers to discuss and strategize on the economic and financial consequences and opportunities presented by the climate crisis, especially as it relates to public and international finance as well as the implementation of V20 Climate Prosperity Plans.\n\n[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text text_larger=”no”]OUTCOMES[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text text_larger=”no”]The following key outcomes are envisaged from V20 Ministerial Dialogue XI:\n\nV20 Finance Ministers dialogue and discussions with MDBs, IFIs, international development partners including the G7 and G20;\nConsensus and coalition building on key macro-critical issues affecting climate vulnerable V20 member states;\nEstablish official recognition by the IMF for V20 as an official group at the Fund;\nRecognize progress towards the Independent Secretariat; and\nAdoption of a high-level meeting communique highlighting shared challenges, opportunities and V20 efforts with partners, along with a call to action.\n\n[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text text_larger=”no”]RESOURCES\n[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text text_larger=”no”]\n\nAccra-Marrakech Agenda (A2M)\nBridgetown 2.0\nEmergency Coalition on Debt Sustainability and Climate Prosperity\nV20 Ministerial Dialogue X Communique\nBangladesh Mujib Climate Prosperity Plan\nSri Lanka Climate Prosperity Plan – Preliminary Report\nFinance for climate action: Scaling up investment for climate and development – Report of the Independent High-Level Expert Group on Climate Finance \nThe International Monetary Fund, Climate Change and Development: A Preliminary Assessment\nV20 Vision 2025\n\n[/vc_column_text][vc_column_text text_larger=”no”]\nBy invitation – You may RSVP via email at secretariat@v-20.org ( mailto:secretariat@v-20.org )[/vc_column_text][/vc_column][/vc_row]\n
URL:https://www.v-20.org/events/v20-ministerial-dialogue-xi/
CATEGORIES:Ministerial
LOCATION:Marrakech, Morocco
ATTACH;FMTTYPE=image/jpeg:https://www.v-20.org/wp-content/uploads/2023/08/Capture-1.jpg
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