Korea Green Growth Trust Fund
The Korea Green Growth Trust Fund (KGGTF) is a partnership between the World Bank Group and the Republic of Korea. As an implementation-focused trust fund that prioritizes the World Bank’s inclusive green growth objectives, this partnership supports countries in their sustainable growth strategies and investments. In response to COVID-19 and the economic crisis, KGGTF is fully committed to greening the post-COVID recovery and supporting multi-sectoral initiatives for Green, Inclusive, and Resilient Development (GRID).
The objective of the Korea Green Growth Trust Fund is to mainstream inclusive green growth throughout the World Bank’s lending operations and to help World Bank client countries identify and implement the most innovative, technical and operational solutions to their specific development challenges. KGGTF provides funding, capacity building, and technical assistance to World Bank teams around the world partnering with client countries as they adopt a green growth strategy and plan for their futures.
Recent forest-related projects have focused on, for example, strengthening the capacity of national forest institutions to apply an integrated landscape approach in forest management planning and implementation, and promoting the use of information technologies to inform strategy setting and planning in the forest sector.
Financing Instrument: Grants, Technical Assistance
Grants for Environment projects financed through KGGTF have ranged from US$300,000 to US$ 900,000. A total of US$ 17.01 million has been disbursed to 31 projects.
Recipient countries regions/country groups: Global
Recipient categories: Governments
Eligibility Criteria: KGGTF prioritizes programs that:
- Focus on low and lower-middle income economies
- Operationalize green growth and sector integration
- Outline green policies and programs that increase productivity and create jobs
- Provide clear and specific technical concepts and activity planning
- Have the potential to become large-scale projects led by the WBG World Bank Group or client countries
Application guidelines: KGGTF advises those with enquiries about grant applications to contact the Country Management Unit at their local World Bank office.
Last updated: 10 October 2023