The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. With an authorized capital of SDR 1 billion (approx. 1,325 billion US dollars), the Bank supports economic development and regional cooperation by providing trade and project financing, guarantees, and equity for development projects supporting both public and private enterprises in its member countries.
The member states of BSTDB have agreed to establish the Bank “in order to promote private and entrepreneurial initiative and to further the implementation of reforms in the financial sector”.
More specifically, the operational objectives of the Bank include:
• promoting regional trade links, cross country projects, foreign direct investment;
• supporting activities that contribute to sustainable development, with an emphasis on the generation of employment in the member countries;
• ensuring that each operation is economically and financially sound and contributes to the development of a market orientation.
Countries in common between BSTDB and EastAgri Network: Albania, Bulgaria, Moldova, Romania, Ukraine.