Preserving the climate has emerged as perhaps the most important issue facing not only developing countries, but also the entire planet. The Republic of Korea learned valuable sustainability lessons through its journey from low-income country in the 1960s to one of the world’s most prosperous emerging economies. In September, 2011 the World Bank Group and the Government of the Republic of Korea signed an agreement creating the Korean Green Growth Partnership (KGGP) to help developing countries shift to a “green” development path based on Korea’s experience. The $40 million Korean Green Growth Trust Fund (KGGTF) for 2013-2017 helps World Bank Group client countries with knowledge to plan and implement green growth strategies, initiatives, and investments. From 2013 to 2014, the fund supported 48 programs in over 30 countries. The KGGP Progress Report 2013-14 details the first operational period of work of one of the Bank’s most dynamic and relevant trust fund partnerships. The Report highlights real world lessons in transport, urban planning, water & sanitation, and ICT from Korea, while demonstrating the World Bank’s key role in connecting decision makers to effect critical change and spread knowledge.
To learn more, read the KGGP Progress Report 2013-2014, here.