Following the CVF Leaders Meeting in New York, where the 77 member countries of the CVF renewed their commitment to South-South cooperation, the V20 Finance Ministers will convene at the 2026 Annual Meetings of the International Monetary Fund (IMF) and World Bank Group in Bangkok, Thailand, to turn that political momentum into implementation.

The Sustainable Development Goals continue to be unmet: billions of people still lack safe water and sanitation, quality health care, and education, while the long-lived public systems that deliver them cannot be financed on the short horizons the current architecture offers. Physical shocks and the largest physical energy supply shock in history compound the strain, eroding fiscal buffers and intensifying debt servicing pressures just as aid cuts and a fragmenting multilateral system narrow the space to respond. The Bangkok meetings will focus on building a more responsive financial architecture that delivers affordable, longer-term development finance while ensuring liquidity is available when shocks hit.

The Bangkok meetings are expected to advance work under the Vulnerability to Viability (V2V) Compact — including the harmonization of tenors and pricing across concessional finance windows, and broader eligibility for climate-vulnerable economies — as next steps toward a V2V White Paper. Ministers will review the findings of the Fourth Edition of the V20 Debt Review and are also expected to build momentum behind the Lifeline Fund, the first South-South regional financial arrangement designed to provide rapid liquidity when climate shocks create balance-of-payments pressures.