Story perspectives

V2V Compact Secures Concessional Loans for 74 Countries

6/24/2026

Summary

Story summary

The Vulnerability to Viability (V2V) Compact was launched to give climate-shocked nations cheaper, predictable financing.
Climate Vulnerable Forum and V20 finance ministers, together with over a dozen development banks, signed the agreement in London.
The compact unites 74 economies and multilateral lenders to mobilize concessional, shock-responsive loans that include payment-suspension clauses.
Barbados Prime Minister Mia Mottley said the initiative tackles the injustice of short-term debt used for essential services.

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Story summary

The Vulnerability to Viability (V2V) Compact was launched to give climate-shocked nations cheaper, predictable financing.
Climate Vulnerable Forum and V20 finance ministers, together with over a dozen development banks, signed the agreement in London.
The compact unites 74 economies and multilateral lenders to mobilize concessional, shock-responsive loans that include payment-suspension clauses.
Barbados Prime Minister Mia Mottley said the initiative tackles the injustice of short-term debt used for essential services.