Seoul Korea, October 29, 2021 – The Global Green Growth Institute (GGGI) signed a Memorandum of Understanding (MoU) with the Korea Export-Import Bank (KEXIM) at the KEXIM headquarters in Seoul. The MoU was signed by Dr. Frank Rijsberman, Director-General of GGGI and Dr. Bang Moon-Kyu, Chairman and President of KEXIM.
Under this MOU, GGGI and KEXIM will build stronger strategic partnerships and support the 2030 Agenda for the UN Paris Climate Agreement. GGGI and KEXIM will collaborate to expand the Economic Development Cooperation Fund (EDCF) by scaling up green investments, including development finance, in fields such as renewable energy (solar and wind), green transportation, and circular economy in developing countries.
The MoU signed today includes collaboration in the joint analysis of green growth projects in developing countries, supporting green project preparations of mutual interests, promoting feasibility studies to induce private investments with public-private financing strategies, and expanding blended financing for green growth projects.
The MoU comes into force from the date it was signed. GGGI and KEXIM will continuously share and disseminate knowledge and experience to support climate change responses of developing countries.