The Third Edition of the V20 Debt Review offers a clear snapshot of the sovereign debt landscape for V20 economies over the past 25 years and underscores the urgent need for systemic debt solutions that can unlock climate action and sustainable development.

The V20/Climate Vulnerable Forum (CVF) countries, in partnership with CARE Deutschland e.V., launched the project “V20 Pioneering Community Funding for Addressing Climate Change Loss & Damage”. The project’s activities were classified under the thematic area “Livelihood” and the output taxonomies “Livelihood Assets” and “Adaptation Component”. The project also offered training on climate-adaptive livelihood practices, low-cost disaster-resilient house construction, and water point maintenance.

This report identifies ten interconnected “super levers” within the global financial system that could collectively unlock an additional $210 billion of affordable climate finance annually to V20 countries and help avoid economic losses of up to $100 billion. These levers not only mobilise resources but create a self-reinforcing cycle to build momentum for the next five years and trigger systemic multiplier effects that amplify their collective impact, addressing immediate and long-term finance needs across four interconnected categories

This book provides a comprehensive analysis of the environmental, economic, and health impacts of climate change already being felt by vulnerable countries. It features personal stories from local pastoralists, peasant farmers, youth activists, and vulnerable workers worldwide, highlighting the human side of climate change.

This debt review captures the external sovereign debt profile of V20 members. It explores the composition and distribution of the V20’s external debt to identify where the international financial architecture needs to be improved.