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Press Release: Vulnerable countries to insure MSMEs amidst worsening climate disasters

2019-09-25T15:55:12+08:0024 Sep 2019|Tags: , , , |

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Vulnerable countries to insure MSMEs amidst worsening climate disasters

MSMEs account for 29% of GDP and employ 78% of workforce in vulnerable economies

NEW YORK, 22 Sept 2019The Vulnerable Twenty (V20) group of economies today rolled out its Sustainable Insurance Facility (SIF) to protect […]

DOF Sec. Dominguez underscores need for climate-smart insurance in vulnerable economies

2019-08-17T06:46:44+08:0016 Aug 2019|Tags: , , , , , , , , |

MANILA, 16 August 2019 – “The Philippine government is keen on strengthening its policies on climate financing,” Department of Finance (DOF) Secretary Carlos Dominguez stated in his remarks for today’s forum on climate-smart micro, small, and medium enterprise (MSME) insurance in vulnerable and emerging economies.

“The challenges posed by […]

Cash, political will: Coessential tools vs catastrophic impact of climate change

2019-05-10T14:45:17+08:0009 May 2019|Tags: , , , , , , |

Reposted from BusinessMirror

By Cai Ordinario – May 9, 2019

NADI, Fiji—The greenback may lead to greening the earth, so some believe. However, for experts at a conference here last week, money is just one of the weapons in this perennial contradiction of man against nature as the latter appears to have the […]

Vulnerable countries and international partners announce collaboration to climate­-proof economic growth

2019-04-12T14:29:20+08:0012 Apr 2019|Tags: , |

Washington DC, 11 April 2019 — ­­ Finance Ministers from V20 Group of vulnerable economies today announced new financial instruments in collaboration with international partners at the Spring Meetings of the World Bank Group and International Monetary Fund to ensure continued global economic growth in the face of increasing threats from climate change. The group aims […]

Vulnerable economies call for accelerated financial shift

2019-02-09T23:40:32+08:0014 Oct 2018|Tags: , , , , , |

Bali, 14 Oct 2018 – Finance Ministers from the V20 Group of climate vulnerable countries today sought large-scale changes to global finance flows, saying the funding shift needs to happen sooner, covering far larger amounts that can help protect economies from the worsening impacts of climate change. Convening at the World Bank-IMF Meetings in Bali, V20 […]