Statement delivered by Ms. Yamide Dagnet on behalf of the President, Mr. Mark Malloch-Brown, of the Open Society Foundation
V20 MINISTERIAL DIALOGUE IX
16 October 2022
Ms. Yamide Dagnet, on behalf of the President, Mark Malloch-Brown, of the Open Society Foundation
Thank you very much. I think there is a video from our President Mark Malloch-Brown of the Open Society Foundation. If it’s going to be presented.
But in a nutshell, you know, we are very pleased for having supported the V20 for the insurance resilience partnership as one of the investors for our impact investments and also for having bet on the V20 with our pledge on loss and damage at COP26 to really support vulnerable communities.
And we are, you know, looking into supporting the V20 in setting up an office here in Washington, D.C. since we believe the voice inside of the Global South are extremely important to enhance the reform agenda of the financial system.
But without further ado I would like to leave the video to play. Thank you.
Statement delivered by Mr. Mark Malloch-Brown, President, Open Society Foundations
Mr. Mark Malloch-Brown, President, Open Society Foundations (By video)
Good morning. And I’m sorry not to be with you in person at this extraordinarily important occasion, your opportunity to make the case to the international financial institutions, as their shareholders, that you deserve a better deal on climate finance.
But it is critical that they recognize that some of you, the most vulnerable, have lost up to half your growth because of climate in recent years. And that this is a burden and drag on the development of all countries everywhere. And that we need a much more imaginative set of financing options to overcome this dramatic obstacle to growth.
We need both a recognition of loss and damage as a key dimension of that financing, but from all sources a mobilization of much greater resource than has happened so far. And indeed, we want to see the V20 respected and acknowledged at the table for these discussions going forward. So, we’re delighted to support the establishment of a V20 office here in Washington.
It is vital that your voice and those of other Southern actors be more fully heard in the deliberations about combating climate change and through an amount about enhancing climate finance for that purpose.
And as we go forward, we hope that you are going to be engaged fully in the discussions that follow. Thank you.