GGGI is an international organization, based in South Korea and with 38 member countries, dedicated to supporting and promoting inclusive and sustainable economic growth in developing countries and emerging economies.

The agreement, signed in october 2023, establishes the privileges and immunities that the GGGI will have during the exercise of its functions in the country. The duration of the agreement will be indefinite, unless either party expresses its desire to terminate it.

This year, the organization will implement a project called Generation of Digital Capacities for Vulnerable Women and Youth to support the implementation of Climate-Smart Agriculture in El Salvador.

The project will be executed with an investment of US$6 million, with the support of GGGI, the Korean Ministry of Agriculture and Food, and the Salvadoran Ministry of Agriculture.

The Multilateral Cooperation Project for the Strengthening and Restoration of Forest Lands in Central America: El Salvador, Guatemala and Honduras will also be carried out. US$1 million will be earmarked for the three countries.

"We continue to make progress in guaranteeing opportunities for salvadorans. With this decree we are guaranteeing the establishment of this institute in our country and its correct operation", said the president of the Foreign Affairs Commission, Ana Figueroa.

The congresswoman explained that El Salvador joined the Global Green Growth Institute in july 2023, as part of the foreign policy agenda implemented by the administration of President Nayib Bukele.

What is the GGGI?

The Global Green Growth Institute (GGGI) was founded on the belief that economic growth and environmental sustainability are not simply compatible goals; their integration is essential for the future of humanity.

It currently has 38 member countries, including the United Kingdom, Denmark, United Arab Emirates, Hungary, Norway, China, India, Mexico and Costa Rica.

The organization works with public and private sector partners in developing countries around the world to put green growth at the center of economic planning.

In addition, it supports emerging and developing nations seeking to implement rigorous economic and green growth strategies. At the same time, they simultaneously seek to reduce poverty, generate employment, and generate social inclusion and environmental sustainability.

GGGI works in four priority areas that are considered essential for transforming national economies: energy, water, land use and eco-cities.

As part of its functions, it conducts research on various aspects of green growth theory and practice and facilitates the engagement of private sector expertise and resources in the implementation of green growth strategies.

Translated by: A.M