Ecuador's Superintendency of Banks and the Global Green Growth Institute (GGGI) signed a memorandum of understanding to strengthen cooperation on developing policies and instruments that promote green growth and sustainable finance in Ecuador. The arrangement focuses on technical cooperation to incorporate environmental, social and climate criteria into Ecuadorian financial regulation. The cooperation is intended to apply methodologies and tools aligned with the Sustainable Development Goals and Nationally Determined Contributions. It also предусматривает exchange of experience on international standards for sustainable finance and governance, and the creation of strategic alliances with regulators in Latin America and other regions to share good practices and strengthen the management of environmental and climate risks in the financial sector.