Black Sea Trade and Development Bank (BSTDB)

Black Sea Trade & Development Bank
Policy objectives:

BSTDB was established in June 1992 to provide economic development and regional cooperation for development projects supporting both private and public enterprises in its member countries. As an international financial institution, BSTDB is committed to follow the best international practice in the establishment of its policies, which are approved by its Board of Directors.

Environmental Requirements:

Through the application of its Environmental Policy and implementation of the Environmental Procedures contained in its Operations Manual, BSTDB ensures that environmental concerns are integrated into the assessment procedures of Bank financed operations as well as throughout the project life cycle.

Legal Compliance:

In projects financed in the member countries that are part of the EU or are Acceding, Accession or Candidate countries, EU environmental principles, standards and practices are applied. In the case of the member countries outside the EU, internationally accepted environmental standards are applied. The include standards commonly used by the EU, the World Bank Group, other international financial institutions and international conventions such as the Convention on the Protection of the Black Sea Against Pollution.