Finance Ministers of 20 nations vulnerable to climate change launched the V20 Group on 8 October 2015. The Group launched was during the annual meeting of International Monetary Fund (IMF) and World Bank in Lima, Peru.
The Group aims to pool resources for their fight against the impact of global warming and is a counterpoint to the G20 group of leading industrialised and emerging economies.
With the launch, the V20 Group Finance Ministers also held their inaugural meeting which was chaired by Cesar Purisima, Finance Minister of the Philippines.
Main Highlights of the V20 Group Meet
The establishment of the V20 was conceptualised in the 2013 – 2015 Costa Rica Action Plan of the Climate Vulnerable Forum (CVF). The V20 Group represents close to 700 million people threatened by climate change.
The V20 members, all CVF participating countries, comprise: Afghanistan, Bangladesh, Barbados, Bhutan, Costa Rica, Ethiopia, Ghana, Kenya, Kiribati, Madagascar, Maldives, Nepal, Philippines, Rwanda, Saint Lucia, Tanzania, Timor-Leste, Tuvalu, Vanuatu and Vietnam.
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