Mozambique’s Minister of Finance, Carla Loveira, participated on Monday in the 17th V20 Ministerial Dialogue in Bangkok, Thailand. The Dialogue is one of the main forums for coordination and decision-making among finance ministers from the Vulnerable Group of Twenty (V20), a dedicated economic cooperation initiative bringing together finance ministers from countries that are systemically vulnerable to climate change.
The V20 operates in partnership with the Climate Vulnerable Forum (CVF). The meeting, titled “Development and Delivery in a Multipolar World”, is taking place on the sidelines of the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group.
Against a backdrop of increasingly frequent and intense climate shocks, the V20 meeting focuses on the challenges associated with mobilising the financial resources needed to support economic development, industrialisation and the strengthening of resilience in developing countries vulnerable to the effects of climate change.
In this context, finance ministers are seeking not only to increase the volume of available financing, but also to improve the mechanisms through which it is mobilised and deployed. Key priorities under discussion include access to long-term concessional financing, the mobilisation of private investment, stronger national ownership of development strategies, and the use of financial instruments capable of responding to climate shocks while simultaneously promoting economic resilience and strengthening national capacities.
Another concern is the risk associated with the El Niño phenomenon and the possibility of an intensification of extreme weather events later this year. Projections cited at the meeting point to potential cumulative global economic losses of around US$3.9 trillion, equivalent to approximately 4% to 5% of global gross domestic product (GDP).
The Dialogue brings together finance ministers from countries vulnerable to climate change, representatives of development finance institutions, including multilateral development banks, as well as partners from the G7, G20, G24 and BRICS, regional and multilateral organisations, private-sector representatives and other development partners.
Chaired by Barbados’ Finance Minister, H.E. Ryan Straughn, this 17th V20 Ministerial Dialogue brings together finance ministers from 77 climate-vulnerable economies, including DFIs, MDBs, the G7, G20, G24, and other relevant development partners.
— V20 Finance Ministers (@V20Group) October 12, 2026
Mozambique’s participation in this forum provides an opportunity to follow international discussions on climate finance, strengthen cooperation with development partners and contribute to identifying sustainable financial solutions to help vulnerable countries respond to climate challenges and promote economic development.
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Photo: Ministério das Finanças
Source: Ministério das Finanças de Moçambique / Press Release