BSTDB will host two working groups of the Association of European Development Financial Institutions (EDFI)

The Black Sea Trade and Development Bank will host meetings of two working groups of the Association of European Development Financial Institutions (EDFI) in Thessaloniki on September 22-24, 2010.

The two working groups are engaged in cooperation on Environmental and Social Issues, and Development Impact Evaluation.

EDFI has an Observer Status with BSTDB as of 2008.

Association of European Development Finance Institutions (EDFI) is a group of 15 bilateral development finance institutions of EU countries and Switzerland providing long-term finance for private sector enterprises in developing and reforming economies. EDFI’s mission is to foster co-operation among its members and to strengthen links with institutions of the European Union. The objectives of the EDFI members are to provide finance for investment in the private sector of non-mature economies and to promote responsible corporate governance, and upholding of social and environmental standards in the projects in which they are involved. Since its foundation in Brussels in 1992, EDFI has fostered financial and technical co-operation among its members. The Association also strives to strengthen information flow and cooperation between it members and other bilateral, multilateral and regional development finance institutions.