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In fast-growing cities, the volume of solid waste being generated is very high and continuing to increase. However, when solid waste management (SWM) is well planned and implemented, it can provide energy resources capable of boosting green growth. A strong waste management policy set by the government, together with regulatory instruments and public participation can create a successful solid waste management model that can generate value for citizens. Experience how effective solid waste management contributes to building greener, more sustainable and competitive cities, and to the creation of jobs and attractive urban spaces.
The Korea Green Growth Trust Fund is a partnership between the World Bank Group and the Republic of Korea, established in 2011 to support client countries as they shift to a green development path. Both partners share a common goal to reduce poverty and promote shared economic prosperity in an environmentally responsible and socially inclusive way. The Trust Fund finances on-the-ground programs as well as knowledge exchange activities, and to date has approved 144 programs in the urban, transport, information and communication technology, energy, environment, water, climate, and agriculture sectors. Based on strong performance, as well as increasing demand for collaborative development implementation programs, the fund has grown from US$40 million to US$88 million WBG programs through 2021.