PRESS RELEASES

V20 Central Bank Governors Advance the Lifeline Fund Toward Establishment

At the Sixth Meeting of the V20 Central Bank Governors Working Group, held at the Queen Sirikit National Convention Center during the 2026 Annual Meetings of the World Bank Group and IMF, central bank governors from climate-vulnerable countries signed a non-binding Statement of Endorsement expressing their interest in participating in the establishment of the Lifeline Fund, a proposed climate-focused multi-regional financial arrangement designed to provide rapid liquidity support when climate shocks translate into balance-of-payments pressures.

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V20 Ministers call for longer-term concessional finance, set next phase of Vulnerability to Viability Compact

Finance ministers representing 77 economies most affected by disasters today called for a pivot on resilience by prioritizing investments in education, health, and clean water. Ministry officials of economies vulnerable to climate change said they are operating under six interconnected constraints, namely sovereign debt distress, low investment rates, high borrowing costs, repeated energy and climate shocks, and lower growth. V20 Ministers issued a statement saying “inaction in one drastically constricts potential in others, narrowing fiscal space, raising the cost of capital, and limiting the ability to invest in the very things that would break the cycle.”

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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.

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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.

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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.

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