V20 Climate Prosperity Fellowship Program High-Level Event From the National to the International: Policymaking for Climate Prosperity and Global Financial Architecture Reform

V20 Climate Prosperity Fellowship Program High-Level Event

 From the National to the International: Policymaking for Climate Prosperity and Global Financial Architecture Reform

Friday, 19 April 2024, 4:00 PM – 6:00 PM  ET – In person
The Fairmont Hotel, Roosevelt Room, 2401 M Street NW,
Washington, DC 20037

Background

While calls for reform of the global financial architecture have gained significant momentum – from the Accra-Marrakech Agenda (A2M) to the Bridgetown Initiative to the World Bank Evolution Roadmap – concerns remain over whether these institutions or global fora, such as the Group of 20 (G20), can deliver on the depth, breadth and pace of reform needed to drive investment to meet shared climate and development goals.

To that end, country-owned initiatives, such as Climate Prosperity Plans under the Vulnerable Group of Twenty (V20) Finance Ministers, are emerging to fill the gap. Through a convergence of the development and climate agenda, the CPPs aim to shift the development trajectory of climate vulnerable countries from vulnerability to prosperity.  The V20 Climate Prosperity Fellowship Program, in partnership with the Boston University Global Development Policy Center and the Centre for Sustainable Finance at SOAS, University of London, seeks to advance cooperation and engagement of officials from V20 member countries, donor countries, international institutions and philanthropy to address the challenges posed by an unfit-for-purpose global financial architecture and catalyze ambitious development-positive climate action through Climate Prosperity Plans.

Objectives

The V20 Climate Prosperity Fellowship Program High-Level Event aims to:

• Unpack the linkages between discussions on the international financial architecture reform and national-level policy change.
• Understand the role that domestic policy levers can play in shifting the needle on global architecture reform;
• Identify the obstacles that governments are facing in advancing nationally-led development-positive climate initiatives.
• Understand how the international institutions and other providers of climate finance support the country governments to advance development-positive climate action.

Outcomes

In terms of outputs, the event is envisaged to produce an in- depth understanding of the linkages between global architecture reforms and development-positive climate action.

Format 

A 60-minute high-level, on record, invite-only panel discussion convened by the Rockefeller Foundation, the V20 Finance Ministers, the Boston University Global Development Policy Center and the Centre for Sustainable Finance at SOAS, University of London, on the margins of the Spring Meetings, with the following format.

• High-level opening
• Moderated Panel Discussion
• Question and Answer
• Closing segment

There will also be a virtual webinar audience on Zoom and the event will be recorded and livestreamed to YouTube.

The event will be followed by a 60-minute Reception.

Tentative list of speakers:

• V20 Representative
• High-Level US Government Representative
• High-Level IFI Representative
• V20 Fellow
• Rockefeller Representative

Agenda