‘Economies facing fiscal, sustainability pressures amid climate disasters, Covid-19 pandemic’
V20 finance ministers tell GCA Summit Star Online Report Star Online Report
The Vulnerable 20 Group of Finance Ministers (V20) have highlighted mounting pressures to their economies amidst climate disasters and the Covid-19 pandemic during the inaugural Global Climate Adaptation (GCA) Summit.
The V20 is seeking support for new climate investments to exceed the low-bar USD 100 billion target for international climate finance that the group can deploy in their respective economies, according to a press release issued today. The world economy is at a historic crossroads. Covid-19 has shown the inadequacy in our preparation, said Bangladesh Finance Minister Mustafa Kamal.