Uzbekistan and UNDP Launch Joint Project to Empower Youth in Digital Economy

Strategic Insights -

The Ministry of Economic Development and Poverty Reduction (MEDPR) of Uzbekistan and the United Nations Development Programme (UNDP) in Uzbekistan have launched a new joint project, 'Empowering the Youth to Embrace the Digital Economy and Digital Entrepreneurship'. The project aims to enhance digital entrepreneurship environment and skills of young entrepreneurs, strengthen institutional capacities, and reduce barriers to access finance for youth's digital business projects and start-ups. The project will focus on youth engagement, digital skills, and enabling environment, with a particular emphasis on empowering young women with digital entrepreneurship skills.

Key Takeaways:

  • The project aims to enhance the digital entrepreneurship environment and digital skills of young entrepreneurs in Uzbekistan.
  • The project will focus on strengthening institutional capacities for developing digital economy and digital entrepreneurship policies with a focus on youth engagement.
  • The project will reduce barriers and create better opportunities for access to finance for youth's digital business projects and start-ups.
  • The project is funded by the Russian Federation, with a total project budget of USD 2,100,000.
  • The project will empower young women with digital entrepreneurship skills, tools, and enhance the enabling environment.
  • The project will increase employment opportunities, competitiveness, and resilience to COVID-19 and similar crises.
  • The project will promote decent work and income-generating opportunities for young people.
  • The project is a logical continuation of current programmatic interventions of UNDP to support the Uzbek Government's efforts towards digital and green transformation.

Statistics:

  • Total project budget: USD 2,100,000 (funded by the Russian Federation).
  • In-kind contributions from the MEDPR and parallel funding from IT Park.
  • Number of beneficiaries: not specified.
  • Duration of the project: not specified.
  • Number of youth expected to benefit from the project: not specified.

Sources:

  • "Ministry Of Economic Development And Poverty Reduction (MEDPR) in Uzbekistan" at [www.medpr.uz](http://www.medpr.uz)
  • "United Nations Development Programme (UNDP) in Uzbekistan" at [www.uz.undp.org](http://www.uz.undp.org)
  • "Embassy of the Russian Federation in Uzbekistan" at [www.uz.rossan.ru](http://www.uz.rossan.ru)