BSTDB Extends USD 2,5 million to Georgian Commercial Banks to Promote Trade in the Black Sea Region

BSTDB signed Multiple Buyer Credit Agreements with the Bank of Georgia and Microfinance Bank of Georgia (MBG), selected as its financial intermediaries for the BSTDB trade finance programmes in Georgia.

The BSTDB Multiple Buyer Credit programme is designed to provide import financing to Georgian companies buying goods from other member countries of the Black Sea Economic Cooperation (BSEC). This facility will:

The amount of the facility provided to the Bank of Georgia is limited to US$1.5 million. BSTDB developed cooperation with the Bank of Georgia under its Pre-Export Finance Programme, having extended US$1.5 million to support Georgian exporting companies.

With the Microfinance Bank of Georgia BSTDB signed its first Multiple Buyer Credit Agreement for US$1 million.