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Economy 03/05/2023 Uzbekistan and Germany agree on financing agriculture
Uzbekistan and Germany agree on financing agriculture

Tashkent, Uzbekistan (UzDaily.com) -- As part of the visit of the President of the Republic of Uzbekistan Shavkat Mirziyoyev to the Federal Republic of Germany, mutually beneficial agreements in the field of agriculture were signed between the two countries.

In particular, the Ministry of Agriculture of the Republic of Uzbekistan and the German company "Deutsche Sparkassenstiftung für Internationale Kooperation e.V." signed a memorandum of understanding. The document defines the main areas of cooperation:

support for agricultural insurance;

expanding the use of existing revolving credit funds in certain banks in Uzbekistan;

the use of business simulations in teaching entrepreneurship to young farmers.

The memorandum also reflects the introduction of modern approaches in the field of finance into the agrarian sector of Uzbekistan, for example, the “risk radar” and the “green financial compass”.

The cooperation agreement signed between the Ministry of Agriculture and the JD East program covers the issues of agricultural education, internships and the organization of seminars.

According to the document, JD East will annually organize agricultural internships and seminars for students and graduates from Uzbekistan, as well as young farmers, lasting from 2 weeks to 12 months. At the same time, JD East takes care of all the formalities and preparation of documents necessary for living and studying in Germany. The direction of internship / training is determined by the curriculum of students and the direction of activity of young farmers.

Meetings and negotiations within the framework of the visit of the President of the Republic of Uzbekistan to Germany continue.

 

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