In accordance with the decision of the 8th meeting of the Board of Managers of the Black Sea Bank for Trade and Development (BSBTD) held on June 11 in Baku, a decision was made on the mitigation of the credit conditions over the credit resources of the bank.
According to Heydar Babayev, Azeri economic minister and also the chairman of the meeting, the Board of Managers will be submitted proposals on changing credit conditions, as well as on changes in the structure up to 15 September.
The results of the meeting and Babayevs chairmanship were positively assessed. Only one question
Azerbaijan has fully fulfilled its obligations before that bank and called for other member countries to accelerate the process. According to the president of BSBTD, the position of the Board includes ensuring other countries fulfillment of obligations and then to sell the undistributed part (3%).