The Black Sea Trade and Development Bank (BSTDB) is an international financial institution that 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. 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. The organization has an authorized capital of $1.325 billion.

The BSTDB is also related to the Organization of the Black Sea Economic Cooperation, a regional economic organization.

BSTDB is governed by the Agreement Establishing Black Sea Trade and Development Bank, a United Nations registered treaty. The organization was established January 24 1997.

Unlike the International Monetary Fund and others, the BSTDB does not attach policy conditions by which debtor states can be controlled.

Moody's Investors Service gives the organization a positive 'Baa1' credit rating.

Member states

• Albania
• Armenia
• Azerbaijan
• Bulgaria
• Georgia
• Greece
• Moldova
• Romania
• Russia
• Turkey
• Ukraine

See also

• Stability Pact for Southeastern Europe (SP for SEE)
• Southeast European Cooperation Process (SEECP)
• Central European Free Trade Agreement (CEFTA)
• Central European Initiative (CEI)
• Southeast European Cooperative Initiative (SECI)
• Black Sea Forum (BSF)
• Organization of the Black Sea Economic Cooperation (BSEC)

References

External links

• Official BSTDB site