The Department of Finance (DOF) said it took part in a series of high-level discussions on the sidelines of the World Bank-International Monetary Fund (WB-IMF) Spring Meetings in Washington D.C. to amplify the Philippines’ call for innovative climate finance solutions.
The DOF and the Bangko Sentral ng Pilipinas (BSP) on April 16, 2024 joined a roundtable discussion on the inaugural Vulnerable 20 Group of Finance Ministers (V20) Finance Ministers Governors Working Group Meeting.
It was established during the V20’s 11th Ministerial meeting in October 2023 in Marrakech. It aims to further the technical collaboration with V20 and G21 central banks, and mobilize resources from the IMF.
The DOF also participated in the High-Level Event on Addressing Polycrisis: Capital Mobilization for the V20 Climate Prosperity Agenda, which called for the strengthening of country platforms composed of domestic policymakers, international investors and technical experts who can facilitate the development of a nationally appropriate investment plan and an associated portfolio of investment projects.