FUNGLODE/GFDD signed agreement of cooperation and affiliation to the Western Hemisphere Network and the Young Americas Business Trust

On November 8, Roy Thomasson, Chief Executive Director of YABT, and Natasha Despotovich, Executive Director of GFDD and Frederic Eman-Zadé, Director General of FUNGLODE, signed an agreement between the organizations to collaborate in proposing go vernmental institutions and the private sector to create programs in the Dominican Republic involving young entrepreneurs which can make an impact on economic growth, social equity, job creation, and poverty alleviation.

The creation of opportunities for the employment of youth and young adults through entrepreneurship, enterprise creation, formal and non-formal training, application of technology, and the expansion of existing enterprises operated by young adults is of particular importance in our country. This Agreement will also help palliate the existing need for programs to foster youth entrepreneurship, particularly those carried out by the private sector which can serve as a resource for:

The purpose of the Young Americas Business Trust is to promote social and economic development in the Western Hemisphere and elsewhere through programs, projects, and activities focused on: helping to create and advance efforts to improve the quality of life of youth and young adults, especially those living in or near poverty

The Young Americas Business Trust helps create opportunities for the employment of youth and young adults through entrepreneurship; formulates strategic plans to help encourage and accelerate entrepreneurial development at the community, national, and international level; supports the development of effective programs to foster youth entrepreneurship, particularly those carried out by the private sector, and collaborate with governmental and private sector organizations and entities to increase technical and financial assistance to support entrepreneurial development and employment skills training initiatives.