Which group has been launched by 20 nations vulnerable to climate change on 8th October 2015?

a. V20

b. B20

c. C20

d. None of the above

ANSWER: V20

Explanation:

Finance Ministers of 20 nations vulnerable to climate change have launched V20 Group on October 8th 2014 during the annual meeting of International Monetary Fund (IMF) and World Bank in Lima, Peru. V20 has been formed to pool resources in a fight against global warming induced climate change. It is the counterpart of G20, an industrial group. V20 Group Finance Ministers also held their inaugural meeting which was chaired by Cesar Purisima, Finance Minister of the Philippines following the launch of this group.The establishment of the V20 was conceptualised in the 2013 – 2015 Costa Rica Action Plan of the Climate Vulnerable Forum (CVF).