The Vulnerable Twenty (V20) Group of Ministers of Finance of the Climate Vulnerable Forum is a dedicated cooperation initiative of economies systemically vulnerable to climate change. The V20 works through dialogue and action to tackle global climate change.

ESTABLISHMENT

The Vulnerable Twenty (V20) Group was established with the inaugural meeting of the V20 Ministers of Finance of the Climate Vulnerable Forum chaired by H.E. Cesar V. Purisima, Secretary of Finance of the Philippines, on 08 October 2015 at Lima, Peru in conjunction with the 2015 Annual Meetings of the World Bank Group and International Monetary Fund.

BACKGROUND

The call to create the V20 originated from the Climate Vulnerable Forum’s Costa Rica Action Plan (2013-2015) in a major effort to strengthen economic and financial responses to climate change. It foresaw a high-level policy dialogue pertaining to action on climate change and the promotion of climate resilient and low emission development with full competence for addressing economic and financial issues beyond the remit of any one organization.

Costa Rica Action Plan of the Climate Vulnerable Forum (pdf, 0.3mb)

OUR PURPOSE OUTLINED IN THE
CONTEXT OF V20 INCLUDE

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

Engage in joint advocacy and other collective actions

HISTORY

Timeline

2015
October 9

Founding of the V20: Lima, Peru, October 2015 Founding Chair: Philippines

Founding of the V20: Lima, Peru, October 2015 Founding Chair: Philippines
2016
April 9

Philippine Presidency: 2nd V20 Preparatory Deputies and Senior Officials Meeting, Washington DC, April 2016

Philippine Presidency:  2nd V20 Preparatory Deputies and Senior Officials Meeting, Washington DC, April 2016
April 9

Philippine Presidency: 2nd V20 Working Group Meeting, Washington DC, April 2016

Philippine Presidency: 2nd V20 Working Group Meeting, Washington DC, April 2016
October 9

Ethiopia Presidency: 3rd V20 Ministerial Dialogue, Washington DC, Oct 2016

Ethiopia Presidency: 3rd V20 Ministerial Dialogue, Washington DC, Oct 2016
October 9

Philippines to Ethiopia Handover Ceremony, Washington DC, Oct 2016

Philippines to Ethiopia Handover Ceremony, Washington DC, Oct 2016
2017
March 9

V20 Asia Pacific Regional Meeting, March 2017

April 9

Ethiopia Presidency: V20 4th Ministerial Dialogue, April 2017

2018
August 9

Ethiopia to Marshall Islands Handover Ceremony: Addis Ababa, Ethiopia, August 2018

August 9

CVF/V20 Addis Ababa, Ethiopia, August 2018

CVF/V20 Addis Ababa, Ethiopia, August 2018

FOUNDING DOCUMENTS

At Lima on 8th November 2015 a new international economic cooperation actor emerged with the creation of the Vulnerable Twenty (V20) Group of Ministers of Finance.
The founding documents of the V20 include:

V20 Design Document

Framing the purpose, role and functions/operations of the V20

Download V20 Design Document (pdf, 0.1mb)

V20 Action Plan

A 5 year plan of activities that the V20 aims to undertake

Download V20 Action Plan (pdf, 0.1mb)

V20 Communique

First joint statement of the V20

Download V20 Communique (pdf, 0.3mb)

V20 Implementation Work Plan

Describes the principal activities, approach, partnerships and objectives for the realization of decisions and ambitions of the V20

Download V20 Implementation Work Plan (pdf, 0.3mb)

MANAGING PARTNER

Global Center On Adaptation

OTHER PARTNERS

UNEP FI Principles for Sustainable Insurance

Munich Climate Insurance Initiative

InsuResilience Global Partnership

World Bank Group/GFDRR

PHOTO GALLERY

CONNECT

Offices

Maison de la Paix
2E Chemin Eugène-Rigot
Geneva 1202
Switzerland

Email: c/o the V20 Secretariat:
secretariat@v-20.org