The Black Sea Trade and Development Bank (BSTDB) has received a credit line from the Japan Bank for International Cooperation (JBIC) totaling up to $150 million to support important projects in Ukraine and promote green initiatives.
The credit line is designed to provide funding for the reconstruction of Ukraine and other affected member states of BSTDB. These funds will be directed toward projects for the restoration and reconstruction of key economic and social infrastructure in Ukraine.
"The coordinated efforts of BSTDB and JBIC demonstrate the unwavering commitment of international institutions to provide support to Ukraine in times of urgent need. I thank our partners for this initiative, which will contribute to sustainable development and support the implementation of projects in critically important sectors of the economy," noted Ukraine’s First Deputy Prime Minister and Minister of Economy, Yulia Svyrydenko.
The main focus will be on strengthening economic resilience, particularly in sectors such as agriculture, food industry, transport and logistics, digital infrastructure, and pharmaceuticals. This will ensure sustainable economic growth even in challenging conditions. Up to $75 million will be allocated for green initiatives and promoting environmental sustainability in the Black Sea region.
As noted by BSTDB President Dr. Serhat Köksal, the $150 million allocated for Ukraine will mobilize critical investments needed for the country's recovery. Both parts of the credit line reflect the shared commitment of BSTDB and JBIC to address urgent issues while also stimulating green investments in the region.
The Japan Bank for International Cooperation (JBIC) is a Japanese financial institution that conducts lending, investment, and guarantee operations, complementing private sector financial institutions.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by countries in the Black Sea region, including Ukraine, in 1999. The authorized capital is €3.45 billion. Since its inception, the BSTDB Board has approved participation in 58 projects in Ukraine amounting to approximately €1 billion.
