BAKU, Azerbaijan, June 19. Preparations for the
Annual Meeting of the Black Sea Trade and Development Bank (BSDTB)
to be held in Baku have been discussed.


This was reported by the press service of the Azerbaijani
Ministry of Finance following the meeting of the First Deputy
Minister of Finance, Anar Karimov, with a delegation led by the
BSDTB President, Serhat Köksal, held on June 19.


The information noted that the meeting discussed the current
state and future development prospects of cooperation between
Azerbaijan and BSDTB, the bank's activities and financing
directions in our country, infrastructure and sustainable
development projects.


"At the same time, within the framework of Azerbaijan's
chairmanship of the BSDTB Board of Governors for 2025–2026, the
progress of preparations for the Bank's Annual Meeting, which will
be held in Baku on July 1 of this year, was reviewed.


Karimov emphasized that Azerbaijan attaches special importance
to the long-term and fruitful cooperation established with the
BSDTB, noting that the bank plays an important role in expanding
economic cooperation in the region, increasing access to financial
resources and promoting the development of the private sector. It
was noted that Azerbaijan, as one of the founding members,
consistently supports the strengthening of the bank's institutional
stability and development initiatives.







At the same time, Karimov expressed confidence that the Annual
Meeting of the Bank to be held in Baku will make a significant
contribution to further expanding financial and economic dialogue
between member countries, deepening regional cooperation and
strengthening multilateral partnership relations.


Meanwhile, Köksal highly appreciated the dynamics of the
development of cooperation with Azerbaijan and especially noted the
contribution of our country to the bank's activities. He expressed
interest in expanding cooperation in the areas of supporting the
private sector, expanding access to financial resources for small
and medium-sized businesses, infrastructure projects,
diversification of the economy and green transition," the
information said.


During the meeting, the parties also exchanged views on the work
done on the process of increasing the bank's capital, and
reaffirmed Azerbaijan's participation in this process and
commitment to the obligations it has undertaken.