PRESS RELEASES
Country Platforms Take Center Stage at COP30
Country Platforms are emerging as a practical mechanism to turn Climate Prosperity Plans (CPPs) into real, investable, and coordinated action.
This was emphasized during the high-level discussion titled “Role of CPP Country Platforms as Means of Implementation” convened on the sidelines of COP30 by the Government of Pakistan, in partnership with the Climate Vulnerable Forum and the V20 Finance Ministers (CVF-V20).
Climate-Vulnerable Nations Showcase Pathways to Prosperity
At the 30th Conference of the Parties (COP30) to the UN Framework Convention on Climate Change (UNFCCC), leaders from the Climate Vulnerable Forum and V20 Group of Finance Ministers (CVF-V20) showcased how Climate Prosperity Plans (CPPs) are transforming climate risk into opportunity—mobilizing investments, technology, and partnerships to drive inclusive, resilient economic growth.
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.
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.
