PRESS RELEASES
From Concept to Implementation: Lifeline Fund Enters Operationalisation Phase
Following the political launch of the Lifeline Fund on the margins of the 2026 Spring Meetings of the World Bank Group and International Monetary Fund, the Central Bank Governors Working Group convened a high-level technical meeting on 9-10 July 2026 in Bridgetown, Barbados to undertake detailed deliberations on principal design parameters of the Fund’s operational framework. The two-day meeting culminated the virtual consultation sessions on the Lifeline Fund conducted in May and June with V20 central banks.
Call for Applications: The V20 Climate Prosperity Fellowship Program (2026-2027)
The V20 Climate Prosperity Fellowship Program is designed to provide mid-career officials with opportunities for peer-learning, building cutting-edge technical skills to integrate climate change into their work, and supporting their leadership in advancing innovative solutions. The CVF-V20 has consistently emphasized the need to reform the international financial architecture to unlock opportunities on the ground to promote climate prosperity. Through weekly webinars, interactions with experts, residencies, and immersive exercises, V20 Climate Prosperity Fellows will have a unique opportunity to work together in advancing a fit for purpose international financial architecture.
Vulnerability to Viability: New compact will unlock affordable finance for climate-vulnerable countries
The world’s most climate-vulnerable countries are positioning themselves to access more affordable capital with longer repayment rates under a new Vulnerability to Viability (V2V) Compact, in partnerships with development finance institutions, led by the OPEC Fund for International Development (OPEC Fund). The V2V Compact was launched at the OPEC Fund Development Forum in Vienna today.
Caribbean Unites Around Climate Prosperity Agenda, Calls for Strengthening Climate and Disaster Risk Financing
Caribbean nations gathered in Bridgetown, Barbados on May 28 and 29 to advance solutions for closing climate financing and protection gaps, as the region faces escalating climate risks, mounting economic losses, and limited access to affordable finance.
African Parliaments Urged: Pull the Methane Emergency Brake
Methane reduction has emerged as one of the few climate interventions that can deliver measurable results this decade, and for vulnerable nations absorbing the costs of extreme weather, speed matters. In Nairobi in Ma, the CVF-V20 urged African lawmakers to turn that opportunity into policy.
Building Effective Support for Country-Led Approaches
In the margins of the Global Partnership Conference, the Climate Vulnerable Forum-V20 Finance Ministers (CVF-V20) Secretariat, Global Capacity Building Coalition (GCBC), and the Foreign, Commonwealth, and Development Office co-hosted a roundtable to discuss implementable reforms to support country platforms and other country-led approaches.
Gambia Looks to Kenya’s Climate Playbook as Landmark Climate Bill Nears Passage
A delegation of Gambian lawmakers traveled to Nairobi this week to study how Kenya built one of Africa’s most advanced climate governance systems, as The Gambia moves closer to passing its own climate change law. Led by Hon. Yaya Gassama, Chairperson of The Gambia’s National Assembly Select Committee on Environment, Sustainable Development, and NGO Affairs, the delegation held two days of meetings with Kenyan parliamentary committees, the Ministry of Environment, the National Treasury, and Kenya’s Special Envoy for Climate Change, Ambassador Ali Mohamed.
Experts Urge Swift Delivery of Pakistan’s Climate Prosperity Plan
Senior government officials, multilateral development banks and finance institutions, and climate finance experts, convened at the Breathe Pakistan International Climate Change Conference 2026, issuing a call to urgently accelerate the delivery of Pakistan’s Climate Prosperity Plan and warning that financing gaps and implementation delays risk undermining the country’s climate resilience goals. The high-level session titled “Mobilising Climate Finance for Pakistan,” was held on May 6 and organized by Dawn Media in partnership with the Climate Vulnerable Forum and V20 Finance Ministers (CVF-V20) Secretariat and forms part of a broader national effort to translate climate ambition into concrete investment at scale.
100 Farmers in Sri Lanka to Receive Solar Irrigation Systems
Farmers in Sri Lanka’s North Central Province will soon gain access to affordable solar-powered irrigation systems through a new initiative launched by the Our Movement of Lanka (OML) and Pan Asia Bank, with support from the CVF-V20 Secretariat.
Climate-Vulnerable Countries Assert Carbon Market Leadership
Climate-vulnerable nations from across Africa, Asia, the Caribbean, Latin America, and the Pacific convened today to spotlight concrete steps they are taking to harness high-integrity carbon markets as a driver of economic resilience and climate prosperity, demonstrating that they are not waiting for climate finance to arrive, but actively building the architecture to attract it.
V20 Central Bank Governors Advance the Lifeline Fund Following Political Launch at Spring Meetings
Central bank governors from climate-vulnerable countries today advanced the operational pathway for the Lifeline Fund, following its political launch at the 16th V20 Ministerial Dialogue on 14 April. The Lifeline Fund is a new multi-regional financial arrangement designed to provide rapid, targeted liquidity support to countries facing balance-of-payments pressures after climate shocks.
Global Shield Roundtable Calls for Coordinated Action to Strengthen Financial Resilience to Climate Risks
Climate-vulnerable countries, development banks, donors, regional risk pools, and private sector leaders gathered to discuss how multilateral financing can strengthen fiscal resilience and scale pre-arranged Climate and Disaster Risk Financing and Insurance (CDRFI) solutions.
