MoU between German Sparkassenstiftung and GGGI Uzbekistan

We are happy to announce that on Monday, the 27th of June, the German Sparkassenstiftung (DSIK) signed a Memorandum of Understanding on Green Entrepreneurial Education and Development of the Agribusiness Sector in the Republic of Uzbekistan with GGGI. 

The MoU sets the foundation for future cooperation in the Aral Sea Region. The GGGI project “Green Rehabilitation Investment Project for Karakalpakstan Republic to Address Impacts of the Aral Sea Crisis” (Aral Sea GRIP) works on viable measures for communities in the Aral Sea Region to pursue sustainable livelihoods through climate-resilient agri-business models.

The German Sparkassenstiftung and GGGI Uzbekistan will work together on strengthening the capacity building of entrepreneurs in the agri-business sector. One part of this program will be the participation of these young people in the special seminars of German Sparkassenstiftung on “How to Develop a Green Business Plan”. By this, they will not only learn how to start a successful and environmentally friendly agri-business, but they will also get easier access to finance through our already implemented Rotating Credit Funds.

The joint efforts between GGGI and DSIK will enable more agri-businesses in the regions of Karakalpakstan to flourish and invest in sustainable measures and technologies.