PORT VILA – May 20, 2015 – The Ministry of Foreign Affairs, International Cooperation and External Trade of the Republic of Vanuatu, and the Global Green Growth Institute (GGGI) signed a Host Country Agreement and a Memorandum of Understanding on May 12, 2015. The Agreements will ensure the smooth functioning of GGGI operations in Vanuatu and facilitate ongoing cooperation between the Government of Vanuatu and GGGI to promote programs, research and joint activities in support of green growth in the Pacific island country.
“These agreements further demonstrate Vanuatu’s commitment to achieve its development goals through inclusive, sustainable growth, and strengthen GGGI’s ability to support Vanuatu’s green growth transition”, said Yvo de Boer, Director-General of GGGI.
Vanuatu became a GGGI member in November 2014, following participation and partnership in GGGI’s Small Island Developing States Scoping Project. Moving forward, GGGI will assist the Government of Vanuatu to strengthen the implementation capacity of its Department of Energy, and develop projects that utilize energy as a driver of inclusive green growth and employment in rural communities.
Based in Seoul, GGGI is an intergovernmental organization founded to support and promote a new model of economic growth known as “green growth.” The organization partners with countries to help them build economies that grow strongly and are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change. GGGI’s experts are already working with governments around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions.