PH to join V20 group of countries vulnerable to climate change

PH to join V20 group of countries vulnerable to climate changeThe Philippines, through the Department of Finance (DOF), will join next month the so-called V20 group of finance ministers of countries most vulnerable to climate change.

“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 

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Funded by the Open Society Foundation for South Africa (OSF-SA), the project focuses on the changing dynamics and implications of South- South cooperation, in the context of South Africa's avowed commitment to this cause in its international relations. The need to understand the complexities of South-South dynamics and their implications for foreign policy is particularly urgent for South Africa, which, while working to advance South-South multilateralism, must also contend with the corresponding need to remain true to other universal values underpinning its foreign policy as well as guarantee the specific interests of its immediate environment, that is, the African continent.

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In recent times, South-South cooperation has received renewed attention, inspired mainly by the emergence of new southern clubs such as IBSA, BRICS and CELAC. This trend reflects a growing push by developing countries to respond to current global challenges in a coherent and concerted manner.

 

Aims and Objectives of The Project

The aim of the project is therefore to contribute, through critical research and dialogue, towards a nuanced understanding of contemporary South-South cooperation. In particular, it seeks to appreciate the basis on which countries in the South cooperate or compete with one another, and the implication of these dynamics for South Africa's policy.

 

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