The Black Sea Trade & Development Bank (BSTDB) and PROPARCO, the French Development Financial Institution signed a loan agreement for the financing of projects of mutual interest in the Black Sea region.
For this purpose, PROPARCO will extend a Euro 20 million loan to BSTDB for a term of 10 years.
The financing provided under the loan agreement, will be allocated to private sector projects in Albania, Armenia, Azerbaijan, Georgia, Moldova, Turkey and Ukraine.
Priority sectors for financing include renewable energy, microfinance, health, education, agribusiness and tourism.
