The Black Sea Trade and Development Bank (BSTDB) has received a credit line from the Japan Bank for International Cooperation (JBIC) totalling up to USD 150 million to support important projects in Ukraine and promote green initiatives.

The credit line is specifically designed to provide financing for the reconstruction of Ukraine and other affected BSTDB member states. The funds will be used for projects to restore and reconstruct Ukraine’s key economic and social infrastructure.

“The coordinated efforts of the BSTDB and JBIC demonstrate the continued commitment of international institutions to support Ukraine in its time of need. I thank the partners for this initiative, which will contribute to sustainable development and support the implementation of projects in critical sectors of the economy,” said Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine.

The focus will be on strengthening the resilience of the economy, particularly in sectors such as agriculture, food, transport and logistics, digital infrastructure, and pharmaceuticals. This will help ensure sustainable economic growth despite the ongoing difficulties. Up to USD 75 million will be allocated to green initiatives aimed at promoting environmental sustainability across the Black Sea region.

According to BSTDB President Dr. Serhat Köksal, the USD 150 million allocated for Ukraine will catalyse essential investments that are crucial for the country’s recovery. Both parts of the credit line reflect the BSTDB and JBIC’s shared commitment to addressing immediate and acute needs, while fostering green investments in the region.

Background

The Japan Bank for International Cooperation (JBIC) is a financial institution of Japan that conducts lending, investment and guarantee operations, while complementing private sector financial institutions.

The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by the countries of the Black Sea region, including Ukraine, in 1999. The authorised capital of the Bank is EUR 3.45 billion. Since its inception, the BSTDB Board has approved participation in 58 projects in Ukraine worth about EUR 1 billion.