BSTDB Participates in 2026 IMF–World Bank Annual Meetings in Bangkok
Meetings focus on cooperation, co-financing and investment opportunities across the Black Sea region
The Black Sea Trade and Development Bank (BSTDB) participated in the 2026 Annual Meetings of the International Monetary Fund and the World Bank Group, held in Bangkok, Thailand, from 12–18 October 2026.
The BSTDB delegation, led by Dr. Serhat Köksal, President of BSTDB, and including Ziya Aliyev, Vice President Banking, Dragos Ungureanu, Vice President Risk, Asterios Tsoukalas, Secretary General, and colleagues from across the Bank, held a broad programme of meetings with government representatives, international financial institutions, development finance institutions, commercial banks, investors and rating agencies.
Discussions focused on strengthening institutional cooperation and co-financing opportunities, investment priorities across BSTDB member countries, and developments in international financial markets relevant to the Bank’s funding and financing activities. The delegation also met with senior government representatives from Member States to exchange views on economic developments, national investment priorities and financing needs.
On the margins of the Annual Meetings, BSTDB and the Turkic Investment Fund signed a Memorandum of Understanding, establishing a framework for cooperation in areas including connectivity, infrastructure, trade, energy, MSME finance and private-sector development. The two institutions will explore opportunities for project preparation, co-financing and parallel financing, private-capital mobilisation and knowledge exchange.
BSTDB’s participation in the Annual Meetings reflects its continued engagement with development and financial partners to mobilise investment and support sustainable economic growth and regional connectivity across its member countries.
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.
