News

New ADB country director for Mongolia assumes office

The Asian Development Bank (ADB) has appointed Pavit Ramachandran as its new country director for Mongolia.

ADB, Kyrgyz Republic sign agreement to complete Uch-Kurgan hydropower plant upgrade

The Asian Development Bank and the Government of the Kyrgyz Republic have signed a $100 million financing package to modernize aging equipment and improve power generation capacity at the Uch-Kurgan hydropower plant.

VP Shixin Chen visits Georgia, reaffirms ADB’s strong development support

Asian Development Bank (ADB) Vice-President Shixin Chen met with the Vice Prime Minister and Minister of Regional Development and Infrastructure Maya Tskitishvili and reaffirmed ADB’s commitment to support Georgia's’s economic and social development during his visit to the country.

Kyrgyz Republic president, ADB country director inspect Toktogul Hydropower Plant

Kyrgyz Republic President Sooronbai Jeenbekov, accompanied by Asian Development Bank Country Director Candice McDeigan and the Energy Holding Chairman Aitmamat Nazarov, visited the Toktogul Hydropower Plant to inspect the progress of rehabilitation work on the country’s largest and most important power plant.

ADB plans $404 million to support Tajikistan’s development from 2020–2022

The Asian Development Bank’s (ADB) updated indicative financial assistance for Tajikistan from 2020–2022 is planned at $404 million that will help address the country’s challenges and emerging needs.

ADB appoints new country director for Georgia

The Asian Development Bank (ADB) has appointed Shane Rosenthal as its new Country Director for Georgia. ADB has supported Georgia since 2007 and is one of the country’s largest multilateral development partners. Sovereign and nonsovereign loans to Georgia to date total about $2.8 billion.

ADB starts second eco-tourism project for Mongolia’s national parks

The Asian Development Bank (ADB) and the Government of Mongolia wrapped up one successful eco-tourism project and embarked on a second project aimed to help Mongolia benefit from a boom in domestic and overseas tourists while safeguarding the environment.

Mongolia, ADB sign projects to spur trade, improve hospital services, and upgrade roads

The Asian Development Bank (ADB) and the Government of Mongolia signed loan agreements totaling $103 million for projects that will upgrade border crossing points, complete a district demonstration hospital, and scale up road rehabilitation efforts in the country.

ADB supports Uzbekistan in harnessing indigenous hydropower resources

The Asian Development Bank (ADB) has approved a $60 million loan to construct hydropower plants capable of adding 25 megawatts capacity, which will help the Government of Uzbekistan achieve its goal of diversifying the country’s energy mix through greater use of clean energy sources and lowering carbon emissions.

ADB to help improve connectivity, road safety in Kazakhstan

The Asian Development Bank (ADB) has approved a $167.02 million loan for a project that will rehabilitate and reconstruct 89 kilometers of road between Aktobe and Kandyagash, which will connect major trade routes in Kazakhstan and improving the country’s connectivity, trade activities, and road safety.