Governance & Policy
V20 (Vulnerable Twenty Group)
Definition
The V20 is the Vulnerable Twenty Group of finance ministers, founded in 2015 as the finance-focused arm of the Climate Vulnerable Forum, now representing dozens of economies highly vulnerable to climate change. It advocates for reform of the international financial architecture — debt relief and climate-resilient debt clauses, scaled adaptation finance, the loss and damage fund, and reformed multilateral development bank mandates — and operates programmes such as the Global Shield against climate risks with the G7.
References
This reference provides supporting context for how “V20 (Vulnerable Twenty Group)” is defined and used.
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Overview
How it is used
The group structures climate-vulnerable countries' positions in IMF/World Bank reform debates, loss and damage negotiations, and debt-for-climate instruments.
Why it matters
The V20 is the organised voice of those least responsible and most exposed — the bloc that made climate a finance ministry issue.