On July 8, the government of Bangladesh will conduct the first-ever virtual V20 Climate Vulnerables Finance Summit. Prime Minister Sheikh Hasina, heads of state from Climate Vulnerable Forum member countries, and finance ministers from the V20, or the world's 20 most vulnerable countries, will attend the summit, which aims to mobilize significantly more robust economic and financial responses to the spiraling dual crisis that is increasingly affecting the world's most vulnerable economies.

The high-level dialogue will shape global cooperative responses in close collaboration with the UN, the IMF, and key development partners to ensure fast-tracked resilience building efforts to overcome the new realities of tandem climate and Covid-19 pressures through bold new actions and partnerships. According to an announcement issued on Monday, the Summit will be headed by AHM Mustafa Kamal, Bangladesh's finance minister, and co-hosted by the Global Center on Adaptation. Bangladesh is currently serving as the chair of the Climate Vulnerable Forum and the V20 Group of Finance Ministers.

The V20 will produce a Communique following the Summit, outlining their expectations for the next UNFCCC COP26 and global climate funding. The V20 Group of Finance Ministers, which was established in 2015, is a specialized cooperation initiative of economies that are systemically vulnerable to climate change. The People's Republic of Bangladesh currently holds the presidency.

The V20 membership stands at 48 economies including Afghanistan, Bangladesh, Barbados, Bhutan, Burkina Faso, Cambodia, Colombia, Comoros, Costa Rica, Democratic Republic of the Congo, Dominican Republic, Ethiopia, Fiji, The Gambia, Ghana, Grenada, Guatemala, Haiti, Honduras, Kenya, Kiribati, Lebanon, Madagascar, Malawi, Maldives, Marshall Islands, Mongolia, Morocco, Nepal, Niger, Palau, Palestine, Papua New Guinea, Philippines, Rwanda, Saint Lucia, Samoa, Senegal, South Sudan, Sri Lanka, Sudan, Tanzania, Timor-Leste, Tunisia, Tuvalu, Vanuatu, Viet Nam and Yemen.

reference:

1. UNB, Dhaka