04/16/2026 | News release | Distributed by Public on 04/16/2026 05:12
Strengthening partnerships and exploring new synergies in the Black Sea region
A delegation from the Black Sea Trade and Development Bank (BSTDB), headed by Secretary General, Asterios Tsoukalas, participated in the World Bank and International Monetary Fund Spring Meetings, engaging in a series of high-level discussions with peer international financial institutions (IFIs) and bilateral development finance institutions.
During the meetings, the BSTDB delegation explored opportunities to developing new synergies in the Black Sea region, focusing on current priorities and emerging opportunities for business collaboration. Discussions highlighted shared objectives in supporting sustainable development, enhancing regional connectivity, and mobilizing investment across member countries.
The meetings provided an important platform for exchanging views on evolving economic challenges and identifying areas for joint initiatives aimed at fostering economic growth and resilience in the Black Sea region.
BSTDB reaffirmed its commitment to working closely with international partners to advance development objectives and expand financing opportunities that support private sector growth and regional cooperation in the Black Sea region.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.
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