BSTDB - The Black Sea Trade and Development Bank
BSTDB - The Black Sea Trade and Development Bank
04/30/2026 | News release | Archived content
BSTDB participates in MFI Working Group on Environmental and Social Standards Spring Meeting in Vienna
BSTDB participates in MFI Working Group on Environmental and Social Standards Spring Meeting in Vienna
News | 30-Apr-2026
Exchange of best practices and discussions on strengthening environmental and social standards among multilateral financial institutions
The Black Sea Trade and Development Bank (BSTDB) participated in the Spring Meeting of the Multilateral Financial Institutions' (MFI) Working Group on Environmental and Social Standards (WGESS), hosted by the OPEC Fund for International Development and held in Vienna from 28 to 30 April 2026.
The meeting brought together sustainability heads from more than 20 global and regional multilateral financial institutions, providing a platform to exchange best practices and discuss key issues related to environmental and social standards. Discussions focused on mutual reliance in environmental and social due diligence in co-financing operations, accountability mechanisms, contextual risks, sustainability frameworks, as well as safeguards related to nuclear power.
The MFI Working Group on Environmental and Social Standards meets twice a year and focuses on developing common approaches and harmonising environmental and social standards, contributing to more effective and sustainable financing.
BSTDB's participation reflects its continued commitment to high environmental and social standards and its active engagement with international partners in support of sustainable development.
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.
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BSTDB - The Black Sea Trade and Development Bank published this content on April 30, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 06, 2026 at 06:53 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]