Formed in 2015, the V20 Group of Finance Ministers is a dedicated cooperation initiative of economies systematically vulnerable to climate change. The V20 membership stands at 55 economies representing 1.4 billion people. The V20 Group of Finance Ministers adopted its Spring Meetings communiqué on 21 April, following a virtual meeting. The communiqué for the V20 Group of Finance Ministers issued during the World Bank and IMF’s 2022 Spring Meetings highlighted the multitude of crises facing climate-vulnerable developing countries. The document stressed that the continuing challenges posed by the Covid-19 pandemic and unequally felt climate change impacts are now being exacerbated by the spillover effects on the global economy of Russia’s invasion of Ukraine, including rising food and fuel prices.

Source: The Guardian April 26, 2022 16:45 UTC