The Vulnerable 20 Group of Ministers of Finance (V20) was established in October 2015 to strengthen and promote economic and financial cooperation and action to address climate change risks and opportunities and facilitate the transition to a low carbon, resilient global economy. The workshop on Disaster Risk Financing was hosted by the World Bank Group’s Disaster Risk Finance and Insurance Program (DRFIP), The Asian Development Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR).
This summary booklet presents reflections the participant countries on their biggest challenges they face in terms of financial resilience, and key actions they plan to undertake to develop, strengthen and implement financial protection strategies.