The KGGTF is a partnership between the World Bank and the Republic of Korea. It was established in 2011
to support the World Bank and its client countries operationalize inclusive green growth initiatives, strategies, and investments. The KGGTF’s programs are fully integrated within the World Bank’s country financing and policy dialogue across seven green growth sectors.
The KGGTF donor, Korea's Ministry of Economy and Finance, has approved 20 grant proposals totaling $10.6 million. The 2024 funding cycle focuses on the operationalization of the World Bank’s Green, Resilient, and Inclusive Development (GRID) strategy.
All approved proposals align to one of the 7 partner Global Practices (GPs) as follows:
- Agriculture & Food
- Digital Development
- Energy & Extractives
- Environment, Natural Resources & Blue Economy
- Transport
- Urban, Resilience & Land
- Water
KGGTF knowledge operations support World Bank Group staff and client countries to gain access to ideas and knowledge for supporting effective green growth program design and implementation. These services are demand-led, planned, and executed by the KGGTF team subject to capacity and resource availability, and are supplementary and complementary to the Trust Fund’s grant activities.