Samoa part of climate finance summit
Samoa, which is among countries most exposed to the impacts of climate change, will meet at next month’s Climate Vulnerables Finance Summit.
The meeting of 48 countries will be virtually hosted by Bangladesh with the event aiming to bring together Heads of State and Government, key partners and V20 Ministers of Finance to discuss how to mobilising more resources in the fight against climate change.
The initiative is part of the Climate Vulnerable Forum (C.V.F.) which is a global grouping of countries who are at most risk from climate change. The bloc of nations was first formed in 2009.
The summit will be chaired by the Finance Minister for Bangladesh, Mustafa Kamal.
“The [first ever virtual] meeting is an on the record meeting with C.V.F. heads of state and V 20 ministers,” the organisation said.
The summit will feature local Prime Minister Sheikh Hasina, as well as heads of state from C.V.F. member countries, and representatives of the so-called V 20. The grouping is known as the grouping of countries most vulnerable to climate change and whose economies are most in need of assistance.
In close cooperation with the United Nations, the International Monetary Fund (I.M.F.) the summit will shape global responses and seek to fast-track building efforts to overcome the twin challenges of the global pandemic and climate change.
Mr. Kamal, the Finance minister of Bangladesh, will co-host the meeting with the Global Centre on Adaptation.
The Government of Bangladesh is currently chair of the Climate Vulnerable Forum and the V-20 Group of Finance Ministers.
After the summit, the V20 will issue a communique highlighting expectations on the upcoming 2021 United Nations Climate Change Conference and Global Climate Finance.
Formed in 2015, the V20 Group of Finance Ministers is a dedicated cooperation initiative of economies that systematically vulnerable to climate change.
It is currently chaired by the People's Republic of Bangladesh.
The V20 membership stands at 48 economies and include: 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, Vietnam, and Yemen.