Kiribati's ratification follows that of Denmark and Guyana, and paves the way for the Global Green Growth Institute (GGGI) to become an international organization on 18 October 2012.
In addition to the three ratifications, the agreement has 17 signatories.
18 September 2012: Kiribati has become the third country to ratify the Agreement on the Establishment of the Global Green Growth Institute (GGGI), following Denmark and Guyana. The agreement confirms signatories’ approval for converting GGGI into an international organization.
In addition to the three ratifications, the agreement has 17 signatories, including 16 that signed at a ceremony in June 2012, plus Indonesia, which signed on 17 September 2012.
In accordance with international law, the Establishment Agreement will take effect 30 days after deposit of the third instrument of ratification – 18 October 2012. [GGGI Press Release] [IISD RS Story on June 2012 Signing Ceremony]