Overview
Coalition of Finance Ministers for Climate Action is an international government-led initiative established on 13 April 2019 during the World Bank and International Monetary Fund Spring Meetings. It brings together finance ministries to strengthen economic and fiscal responses to climate change.
Its mission is guided by the six voluntary Helsinki Principles, which promote climate action through public finance, economic policy and international cooperation.
Mission and focus areas
The Coalition supports governments in integrating climate considerations into national budgets, taxation, economic planning and financial policy. Its priorities include carbon pricing, climate-related fiscal risks, debt sustainability, adaptation and decarbonisation.
It also addresses sustainable finance, private capital mobilisation, nature-related risks and climate-resilient development. Its work helps finance ministries align economic policies with national climate commitments and develop conditions supporting sustainable investment.
Structure and governance
The Coalition is governed by its member finance ministries and led by two rotating Co-Chairs. Since April 2026, Croatia and Uganda have held these positions, providing strategic leadership and coordinating ministerial engagement.
Its Secretariat is jointly hosted by the World Bank Group and International Monetary Fund, with Sharon S. Yang serving as Secretary. Institutional and knowledge partners contribute research, technical assistance and capacity-building expertise.
Member representatives participate in thematic workstreams and ministerial meetings, which guide priorities and approve collective statements.
Programs and offerings
The Coalition publishes policy guidance, technical reports, strategic work programmes and annual Climate Action Statements. Its publications address green budgeting, carbon pricing, climate-related economic analysis, adaptation finance and sustainable financial systems.
It also organises ministerial meetings, workshops, webinars and peer-learning activities. Specialist workstreams develop practical approaches to climate-informed fiscal policy, private finance mobilisation and economic resilience.
Its Framework and Guide for Ministers and Ministries of Finance provides institutional guidance for integrating climate action into finance ministry functions. For finance and sustainability practitioners, these resources support climate policy analysis, sovereign risk assessment, sustainable finance strategy and evaluation of public investment frameworks.
