PRESS RELEASES
Provincial Governments Position Climate Innovation and Resilience at the Heart of Pakistan’s CPP
As Pakistan advances consultations for its Climate Prosperity Plan (CPP), provincial governments are stepping forward to align climate action with economic growth. Recent consultation sessions conducted by the CVF-V20 Secretariat with the Punjab Planning and Development Board and the Balochistan Planning and Development Department have highlighted how local actors are shaping the CPP through tailored initiatives that harness innovation, resilience, and investment opportunities.
PH Completes In-Country Consultation and Stocktake in the Global Shield Implementation
The Republic of the Philippines continues to make strides as a country pathfinder under the G77-V20 Global Shield against Climate Risks initiative after completing the in-country process and stocktake, led by the Climate Finance Policy Group of the Department of Finance (DOF) and the Institute for Climate and Sustainable Cities (ICSC). Progress is underway for the gap analysis, bringing the country closer to developing its request for Climate and Disaster Risk Finance and Insurance (CDRFI) support.
Pakistan CPP Consultations Expand to Gilgit-Baltistan
Gilgit-Baltistan, Pakistan | July 18, 2025—As part of its nationwide efforts to develop a robust Climate Prosperity Plan (CPP), Pakistan has expanded consultations to Gilgit-Baltistan,
Bhutan Bolsters Capacity for International Carbon Market Participation
Thimphu, Bhutan | July 18, 2025—Over 40 participants from key national government agencies, ministries, financial institutions, civil society, the private sector, and academia convened at
CVF-V20 gathers PH lawmakers to drive climate prosperity agenda
Manila, Philippines | July 17, 2025—Lawmakers from the Philippines and Climate Vulnerable Forum and V20 Finance Ministers (CVF-V20) nations were called to take center stage
Senator Legarda vows support for PH Climate Prosperity Investment Memo; backs PH hosting of CVF regional office
MANILA, Philippines | 17 July 2025—Philippine Senator Loren Legarda vowed to advance legislative measures in support of the country’s Climate Prosperity Investment Memorandum. The move
Countries and Partners Share Perspectives on Delivery
At COP 30, senior officials from climate-vulnerable economies, developed countries, the COP30 Presidency, and key development partners called for a decisive shift toward country-led, mission-driven delivery anchored in strengthening national and local institutions and systems.
No Time to Lose: CVF-V20 Response to the Baku to Belem Roadmap to $1.3 Trillion
The CVF-V20 welcomes the publication of the Report on the Baku to Belém Roadmap to $1.3T. The horrific impact of the recent, category 5, Hurricane Melissa on Jamaica, Haiti and Cuba and Super Typhoon Fung-wong in the Philippines has only highlighted the growing severity of climate change and the damage it inflicts on countries least responsible for the crisis. The need for a clear and inclusive pathway to meet climate finance needs for the long haul could not be more urgent. Climate vulnerable economies have acted decisively and led the way by advancing ambitious Climate Prosperity Plans, through our nationally determined contributions, and national adaptation plans. It is time for COP30 to reflect similar ambition with the level of seriousness and urgency required to rapidly mobilize finance at the scale and speed demanded by climate science and the level of suffering being experienced in our countries.
Country Platforms as Delivery Units and Running Start of Climate Prosperity Agenda
The Climate Vulnerable Forum and its V20 Finance Ministers (CVF-V20) call for direct access funding of at least US$ 8 million to operationalize the climate prosperity agenda and establish country-led platforms across member states. This was emphasized during the Climate Prosperity Roundtable last 17 October 2025 in the margins of the 2025 Annual Meetings of the World Bank Group and the International Monetary Fund.
Tailored Initiative for Pacific Nations Climate Resilience
– The Climate Vulnerable Forum and V20 Finance Ministers (CVF-V20) Secretariat has officially launched the Pacific V20 Loss and Damage Funding Program (PacLAD) with a financial envelope of USD 2 million to support three Pacific Island nations: Fiji, the Republic of the Marshall Islands and Tonga. The official launch follows the finalisation of the Global Shield Request for Fiji at an inter-agency workshop hosted by the Ministry of Finance on 29 October 2025.
Carbon Finance Program Upscales Efforts to Close Climate Investment Gap in Climate Vulnerable Nations
The Climate Vulnerable Forum and its V20 Finance Ministers (CVF-V20) will work with the Voluntary Carbon Markets Integrity Initiative (VCMI) to upscale the Carbon Finance Program in reach and impact, supporting more climate-vulnerable countries to host high-integrity carbon projects that yield tangible climate, nature, and sustainable development benefits.
V20 Finance Ministers Call for a Global Reset from Austerity to Growth-Generating Investments
The V20 Finance Ministers, representing the world’s most climate-vulnerable economies, convened today at the 15th V20 Ministerial Dialogue at the International Monetary Fund (IMF) Headquarters in Washington, D.C., to advance the Debt–Growth Agenda—a bold call to replace austerity-driven policies with investment-led growth and climate resilience.
