The purpose of Special Funds is to:

• Increase the impact of Donor activities
• Provide alternative route for raising funds - diversify obligations exposure
• Harmonize procedures and consistency of approach
• Establish working relationships with entities interested in BSEC
• Offer opportunity to innovate - pilot projects, complex ventures, experiments with lengthier time horizons, etc.

Special Funds currently administered by BSTDB are:

• A Technical Cooperation Special Fund funded by the government of the Hellenic Republic in the amount of EUR 800,000 and administered by BSTDB, was established in 4 July 2001.
• A Technical Cooperation Special Fund funded by the Oesterreichische EntwicklungsBank AG (OeEB) in the amount of EUR 500,000 and administered by BSTDB, was established in 30 October 2008.

Eligible beneficiaries are private sector entities in BSTDB Member States.

The eligible uses include:

• Upgrade feasibility studies
• Accounts conversion to IAS
• Business Plan assistance
• Focused TA for sensitivity analysis
• 75% tied to use of Greek firms / consultants.

The OeEB Fund

Eligible beneficiaries are private sector entities in BSTDB Member States qualified for Official Development Assistance - Albania, Armenia, Azerbaijan, Georgia, Moldova, Turkey and Ukraine.

The eligible uses include:

• consultancy services for the preparation of feasibility studies
• business plans
• business studies
• financial analysis
• financial accounts according to established international accounting standards
• training of financial sector professionals
• untied facility