“The creation of the V20 will initiate dedicated cooperation among ministers of finance of the Climate Vulnerable Forum (CVF) enabling vulnerable countries to steer a high-level policy dialogue pertaining to action on climate change and the promotion of climate-resilient and low-emission development,” the CVF said on its website.

The V20 grouping will be launched in Lima, Peru on Oct. 7-8, ahead of The World Bank Group and the International Monetary Fund’s 2015 annual meetings scheduled on Oct. 9-11.

Besides the Philippines, the 19 other upcoming members of the V20 are Afghanistan, Bangladesh, Barbados, Bhutan, Costa Rica, Ethiopia, Ghana, Kenya, Kiribati, Madagascar, Maldives, Nepal, Rwanda, Saint Lucia, Tanzania, Timor-Leste, Tuvalu, Vanuatu and Vietnam.

Available: http://business.inquirer.net/199729/ph-to-join-v20-group-of-countries-vulnerable-to-climate-change