Ecuador has been a member of GGGI since 2019. Since opening its office in the country in 2021, GGGI has developed a diverse portfolio of projects in collaboration with the national government, subnational governments, the private sector, and other stakeholders. These efforts aim to drive green and sustainable development.

GGGI’s technical approach helps the government address various challenges. This includes capacity building for climate finance mobilization, developing financial tools, and strengthening climate change adaptation planning. Together, these initiatives promote green development across the country.

In 2021, the Global Green Growth Institute (GGGI) began operations in Ecuador to support the country’s sustainable development and green finance efforts. In 2022, GGGI supported the introduction of electric mobility in public transportation in collaboration with the Ministry of Economy and Finance of Korea and promoted climate finance with CAF.

In 2023, GGGI mobilized climate finance through the development of Ecuador’s Green Bond Framework, backed the Galápagos debt-for-nature swap, promoted private sector action with the Carbon Zero Program, and advanced a large-scale adaptation project with the NDC Partnership.

In 2024, GGGI advanced the Central Bank’s greening, trained 516 people in sustainable finance, risks, and bioeconomy, and supported the creation of the Sustainable Finance Roundtable. Additionally, GGGI assisted the Ministry of Environment and Energy in the implementation of Ecuador’s First National Adaptation Plan through the identification of high climate risk areas and the development of a GCF large-scale project, aiming to mobilize USD 320 million and benefit 2.7 million people.

Between 2024 and 2025, GGGI assisted in the debt-for-nature swap in the Amazon to create the Amazon Biocorridor Fund, which will manage and protect millions of hectares of forests. From 2025 to 2026, with UK PACT support, GGGI will strengthen Ecuador’s Sustainable Finance Roundtable to accelerate emissions reductions and foster climate-resilient, inclusive growth. Between 2025 and 2027, the implementation of a National Climate Finance Mechanism, the strengthening of the Carbon Zero Program and the Ratification Support Project for the BBBNJ Agreement are planned, positioning Ecuador as a regional leader in green growth and sustainable development.

Our impact in Ecuador includes:

–USD 320 million in the structuring of the region’s largest adaptation project, “Climate-Resilient Infrastructure for Flood Control in Ecuador”.

– USD 460 milion mobilized for the protection of the Ecuadorian Amazon.

– USD 450 million raised in the debt-for-nature swap in the Galápagos Islands. 

– 4.6 million Hectares of protected areas.

–1.8 million additional fectares of protected forests and wetlands.

– 18,000 Km of preserved rivers.

– 920 people trained in climate change and green finance. 

– 2 Green Growth Policies developed and adopted by the Government. 

– Development of the Green Taxonomy Roadmap.

– Support for the establishment of the Sustainable Finance Roundtable.

Click here to download the Ecuador Country Brochure.