PRESS RELEASES
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.
Global Shield Roundtable Highlights Progress: Advancing Climate and Disaster Risk Financing at Scale
Beneficiary countries and partners of the Global Shield against Climate Risks, gathered today at the premises of the Climate Vulnerable Forum and V20 Finance Ministers (CVF-V20) in Washington D.C. to take stock of progress made in the implementation of the Global Shield initiative, exchange lessons learned, and explore ways to scale up climate and disaster risk financing and insurance (CDRFI).
As World ‘Hurtles’ Past 1.5, Climate Vulnerable Nations Demand Urgent Adaptation Finance
Noting that the world has now “hurtled past” the 1.5°C limit of the Paris Agreement, leaders of the Climate Vulnerable Forum and V20 Finance Ministers (CVF–V20), representing 74 nations and 1.8 billion people, today issued a strong call for adaptation financing to help vulnerable developing countries cope with the massive climate impacts that are now unavoidable.
CVF-V20 Countries Push for Climate Prosperity Initiatives with China
Countries from the Climate Vulnerable Forum and V20 Finance Ministers (CVF-V20) called for deeper collaboration with China to advance the implementation of Climate Prosperity Initiatives (CPIs)—investment blueprints aimed at transforming climate vulnerability into climate-driven economic growth.
African MPs Deliver Bold Call for Climate Finance and Green Development
Lawmakers from 21 African parliaments convened at the Second Africa Climate Summit (ACS2) on 08 September 2025 to issue a powerful, unified message: Africa has the solutions for a green and resilient future, but global partners must step up with the financing to match its ambitions.
Sri Lanka Reviews the Sectoral Targets and Legal Provisions of its CPP
In a high-level dialogue between the CVF-V20 delegation and Members of Parliament of Sri Lanka last 28 August 2025, conversations centered on advancing the country’s
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.
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