Just Transition: Sustainable transformation of the financial sectors in Albania, Armenia, Georgia, Kosovo, Moldova, and Ukraine
Project term: 01.01.2026-30.06.2028
The countries involved in the regional project are experiencing similar developments and facing comparable challenges. They are united by their long-term goal of integration or rapprochement with the European Union, which is seen as an important driver of reform in the financial sector. Improved consumer protection, anti-money laundering measures, the expansion of international payment transactions, digital transformation and the introduction of ESG principles play an important role in this context.
Despite stable economic growth of around 4%, the region has structural weaknesses such as high unemployment, brain drain and a large informal sector. Financial inclusion remains a challenge, especially for people in rural areas and vulnerable groups. Reasons are a low level of financial literacy and an insufficient supply of needs-oriented financial services.
The regional project aims to strengthen local capacities for inclusive and resilient financial systems. This includes enabling the implementation of ESG principles, promoting the financial inclusion of MSMEs and people, especially in rural areas, and improving financial and entrepreneurial literacy for the responsible use of financial services.
» Central and National banks of the project countries » Ministries and state authorities » Banking associations » Commercial banks and MFIs with a strategic focus on MSMEs in rural areas » Colleges » Associations of entrepreneurs
By working on this project, we are contributing to the fulfillment of these Sustainable Development Goals (SDGs) in accordance with the 2030 Agenda:
German Sparkassen-stiftung
The German Sparkassenstiftung for International Cooperation is the development-policy arm of the Sparkassen-Finanzgruppe. Its task is to disseminate the successful Sparkasse idea across borders and around the globe. The German Sparkassenstiftung strengthens financial institutions and promotes financial literacy for all segments of the population. This broadens access to financial services and helps to create jobs and generate income.
