Black Sea Trade and Development Bank and Import-Export Bank of China Launch Development Cooperation
Press Release | 04-Nov-2020
The Black Sea Trade and Development Bank (BSTDB) and the Import-Export Bank of China signed a Memorandum of Understanding (MoU) to promote the economic development of the countries of the Black Sea region through financing of energy and infrastructure projects, green investments, trade transactions and cooperation in other areas.
“This Memorandum underscores our commitment to facilitating BSTDB’s collaboration and forging synergies with international investors interested in the Black Sea region. We look forward to working together to offer effective and sustainable solutions for our region,” said Hasan Demirhan, BSTDB Vice President at the MOU signing ceremony.
“This MOU lays a good foundation for future cooperation between China Eximbank and BSTDB in the Black Sea region. China Eximbank looks forward to strengthening communication and cooperation with BSTDB to jointly promote trade and economic development of China and the Black Sea region,” said Sun Ping, Vice President of China Eximbank.
The Export-Import Bank of China is a state-funded and state-owned policy bank dedicated to supporting China’s foreign trade, investment and international economic cooperation. With the Chinese government’s credit support, the Bank plays a crucial role in promoting steady economic growth and structural adjustment, supporting foreign trade, and implementing the “going global” strategy. It is committed to reinforcing financial support to key sectors and weak links in the Chinese economy to ensure sustainable and healthy economic and social development. China Eximbank is rated by Standard & Poor's, Moody's Investors Service, and Fitch, as A+, A1, and A+ respectively. More information on: http://english.eximbank.gov.cn/
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. 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. BSTDB is rated long-term “A-” by Standard and Poor’s and “A2” by Moody’s. For information on BSTDB, visit www.bstdb.org.
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