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BSTDB and JBIC Allocate $150 Million to Aid Ukraine’s Reconstruction Efforts


THESSALONIKI—The Black Sea Trade and Development Bank (BSTDB) has partnered with the Japan Bank for International Cooperation (JBIC) to provide up to $150 million in financial aid for development projects across the Black Sea region, with a significant focus on Ukraine’s economic recovery, Trend reports via the BSTDB.



According to Trend News Agency, the collaboration between BSTDB and JBIC is designed to bolster Ukraine’s resilience through the reconstruction of vital economic and social infrastructure amidst ongoing regional challenges. The funding is set to support various key sectors including agriculture, food production, transport and logistics, digital services, and pharmaceuticals. These sectors are critical for strengthening Ukraine’s economic foundations and accelerating recovery efforts.



Furthermore, the initiative extends its impact beyond immediate recovery, with $75 million dedicated to promoting green initiatives across the Black Sea region. This strategic focus on environmental sustainability is part of a broader effort to ensure long-term growth and stability in the area.



The partnership underscores a significant international effort to assist Ukraine in navigating its current challenges while laying the groundwork for a sustainable and prosperous future within the Black Sea region.