Peru
The Vulnerable Twenty (V20) finance ministers inaugural meeting held at Lima, Peru. In it all the V20 members agreed to study the creation of a sovereign V20 Climate Risk Pooling Mechanism to distribute economic and financial risks, improve recovery after climate-induced weather disasters and enhance the security of jobs, livelihoods, businesses and investors. The V20 is a bloc consists of countries most threatened by climate change including’s members are Afghanistan, Bangladesh, Barbados, Bhutan, Costa Rica, East Timor, Ethiopia, Ghana, Kenya, Kiribati, Madagascar, the Maldives, Nepal, the Philippines, Rwanda, Saint Lucia, Tanzania, Tuvalu, Vanuatu and Vietnam.