Yerevan  /Mediamax/. Black Sea Trade and Development Bank (BSTDB) signed a loan agreement with French Proparco Financial Development Institute for €20mln for financing projects in the Black Sea region, including in Armenia.

Mediamax reports referring Finmarket that the credit means will be directed at financing projects in the private sector in Armenia, Azerbaijan, Georgia, Moldavia, Turkey and Ukraine.

Priority directions for funding will be the agricultural sector, healthcare, education, tourism, as well as renewable energy sources.