PRESS RELEASES
Climate-Vulnerable Countries Pledge South-South Cooperation as Climate Disasters and Aid Cuts Threaten Development
Heads of State and Ministers from 77 of the world’s most climate-vulnerable developing countries met today in New York, where they pledged ambitious new initiatives in South-South cooperation to meet the critical challenges of the climate emergency in the context of stuttering investments in climate action, devastating cuts to aid, and pitifully insufficient funding for loss and damage.
CVF-V20 and China Convene Prosperity Dialogue in CIFTIS
The Climate Vulnerable Forum and V20 Finance Ministers (CVF-V20) brought the investment priorities, project pipelines and climate prosperity agendas of climate-vulnerable economies to the 2026 China International Fair for Trade in Services (CIFTIS) in Beijing, positioning climate resilience and energy transition as a major opportunity for investment, partnership and economic cooperation.
IRS-CVF Dialogue Pitches $4.85 Billion Climate Investment Pipeline to China Ahead of Beijing Trade Fair
The Climate Vulnerable Forum and V20 Finance Ministers (CVF-V20) Secretariat and the Institute of Regional Studies (IRS), Islamabad, convened a high-level dialogue today to explore how Belt and Road Initiative (BRI) financing, Chinese technology, and business partnerships can support climate-resilient development in climate-vulnerable countries. Pakistan presented an investable pipeline of 69 projects worth USD 4.85 billion to Chinese officials and business leaders.
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.
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.
CVF-V20 Board Advances Governance Reforms as Secretary-General Nasheed Concludes Tenure
The Governing Board of the CVF-V20 convened its second meeting on Tuesday to review organizational priorities, strengthen governance arrangements, and guide the Forum’s next phase of leadership and institutional development. They also recognized the contributions of H.E. Mohamed Nasheed, former President of the Maldives and outgoing Secretary-General of the CVF-V20 Secretariat.
V20 Endorses New Compact with Development Finance Institutions
Finance ministers from climate-vulnerable countries warned Tuesday that the international system is hurtling towards converging fault lines in geopolitical turbulence, eroding the rule of law, economic fragmentation, and accelerating climate change. The ministers said, however, that the sense of despair must be defied with action as they endorsed a landmark new partnership with major development finance institutions (DFIs) designed to break the doom spiral.
CVF-V20 and GCF Advance Cooperation on Country-Led Delivery
Senior officials and technical staff from Climate Vulnerable Forum and V20 Finance Ministers (CVF-V20) member countries joined Green Climate Fund (GCF) officials on Monday for a candid exchange focused on how climate finance commitments can translate into capital deployed on the ground.
