Greening Ecuador Central Bank

The proposal seeks USD 400,711 over 18 months to address the Central Bank of Ecuador's (BCE) lack of capacity to manage climate-related financial risks. Key activities include training BCE personnel on ESG standards, developing systems for green statistics and climate risk assessment, creating an ESG Roadmap and Action Plan, and facilitating the BCE's membership in the Network for Greening the Financial System (NGFS). The project is implemented by the Global Green Growth Institute (GGGI) in partnership with the Ministry of Environment, Water and Ecological Transition (MAATE).

• The Central Bank of Ecuador (BCE) currently lacks the institutional capacity, governance structures, and data systems necessary to assess and disclose climate-related financial risks, which may hinder sustainable investments and financial stability.
• The project aims to build the BCE's capacity to produce green statistics and conduct the country's first official assessment of its exposure to climate-related financial risks, including physical and transition risks.
• A core objective is to integrate ESG and climate considerations into the BCE's governance through a dedicated ESG Roadmap and Action Plan and by training at least 30 key personnel, with a target of 50% women.
• The proposal seeks to end the BCE's relative isolation from international sustainability initiatives by formalizing its membership in the Network for Greening the Financial System (NGFS) and developing a regional Partnership Strategy.
• Ecuador's financial sector exhibits a gender imbalance in leadership, with men holding 73% of board director positions and 66% of private bank management roles, prompting the grant's focus on gender-disaggregated data and inclusive training.
• The grant is budgeted at USD 400,711 with an implementation period of 18 months, delivered by the Global Green Growth Institute (GGGI) and overseen by a Readiness Steering Committee chaired by MAATE.

APA

Green Climate Fund (2024). Greening Ecuador Central Bank. https://www.greenclimate.fund/sites/default/files/document/gcf-apprvd-rdnss-grnt-ecuador-gggi-ecu010.pdf

Chicago

Green Climate Fund. Greening Ecuador Central Bank. 2024. https://www.greenclimate.fund/sites/default/files/document/gcf-apprvd-rdnss-grnt-ecuador-gggi-ecu010.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Greening Ecuador Central Bank |date=16 February 2024 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-apprvd-rdnss-grnt-ecuador-gggi-ecu010.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2024greening, author = {{Green Climate Fund}}, title = {{Greening Ecuador Central Bank}}, institution = {Green Climate Fund}, year = {2024}, month = feb, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-apprvd-rdnss-grnt-ecuador-gggi-ecu010.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }