WHO ARE THE G20 AND V20

The Group of Twenty (G20) is the central forum for international cooperation on financial and economic issues. The G20 countries account for more than four-fifths of gross world product and three-quarters of global trade, and are home to almost two-thirds of the world’s population.

Its decisions are influential and help to bring about reform at national and multinational levels. Germany took over the presidency of the G20 on 1 December 2016.

The Vulnerable Twenty (V20) Group of Ministers responsible for Finance of the Climate Vulnerable Forum is a dedicated cooperation initiative of economies systemically vulnerable to climate change.

The V20 members are Afghanistan, Bangladesh, Barbados, Bhutan, Burkina Faso, Cambodia, Comoros, Costa Rica, Democratic Republic of the Congo, Dominican Republic, Ethiopia, Fiji, Ghana, Grenada, Guatemala, Haiti, Honduras, Kenya, Kiribati, Madagascar, Malawi, Maldives, Marshall Islands, Mongolia, Morocco, Nepal, Niger, Palau, Papua New Guinea, Philippines, Rwanda, Saint Lucia, Senegal, South Sudan, Sri Lanka, Sudan, Tanzania, Timor-Leste, Tunisia, Tuvalu, Vanuatu, Viet Nam and Yemen. They work through dialogue and action to tackle global climate change. Since October 2016, Ethiopia serves as the Chair of the V20 following the Group’s inaugural tenure by Philippines.