The Black Sea Trade and Development Bank (BSTDB) has preserved the resilience of the region, Sahil Babayev, Minister of Finance of the Republic of Azerbaijan and the country's Governor at the BSTDB, said while speaking at the opening ceremony of the 28th Annual Meeting of the BSTDB Board of Governors, APA-Economics reports.
He stated that holding the meeting in Baku demonstrates Azerbaijan's close cooperation with the Bank, as well as its shared commitment to regional cooperation, connectivity, and sustainable development.
According to the minister, the BSTDB's 2025 annual report demonstrates the resilience of the Black Sea region. Thus, the region's real GDP grew by 2.9% last year, the macroeconomic fundamentals of the member countries were generally preserved, a total of nine sovereign credit ratings across six countries were upgraded, and no ratings were downgraded.
Sahil Babayev noted that Azerbaijan continues its reforms aimed at diversifying the economy, strengthening fiscal sustainability, digital transformation, and developing the private sector. He added that through investments in transport and connectivity projects, the country is further strengthening its role as a strategic bridge between Europe and Asia.
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