News

ADB grant to help Tajikistan reconnect to the Central Asian Power System

The Asian Development Bank (ADB) has approved a $35 million grant to reconnect Tajikistan’s electricity system to the Central Asian Power System (CAPS) through interconnection with the Uzbekistan system. This will help expand regional energy trade and improve regional energy efficiency among countries connected to CAPS.

ADB President reaffirms support to CAREC at 17th Ministerial Conference

Asian Development Bank President Takehiko Nakao reaffirmed ADB’s support for CAREC and announced $2 billion in new assistance for regional projects in CAREC countries in 2018.

ADB provides $78 million to improve regional road transport links in Kyrgyz Republic

The Asian Development Bank’s Board of Directors has approved a total of $78 million to complete the rehabilitation of a road that connects two major transport corridors linking the landlocked country to international markets.

ADB supports new road project to improve connectivity in Afghanistan

Afghanistan President Mohammad Ashraf Ghani inaugurated the first phase of a 51-kilometer road section connecting Jabul Saraj to Nijrab road in Parwan province, which is supported by the Asian Development Bank (ADB).

ADB affirms support for Pakistan’s development agenda

Asian Development Bank (ADB) Vice-President Wencai Zhang affirmed ADB’s support for the Government of Pakistan’s new development and reform agenda during his 2-day visit to the country.

ADB grant supports Tajikistan’s efforts in disaster risk management

The Board of Directors of the Asian Development Bank (ADB) has approved a $10 million grant to help Tajikistan prepare and respond to natural hazards and climate change, and reduce the impact of disasters on the people.

ADB approves new partnership strategy for Kyrgyz Republic

The Asian Development Bank's Board of Directors has endorsed a new 5-year country partnership strategy to promote sustainable economic growth, leverage regional cooperation to reap the benefits of access to larger markets, and improve the quality of life in the Kyrgyz Republic.

ADB supports first distributed renewable energy system in Mongolia

The Asian Development Bank’s Board of Directors has approved a $40 million loan to develop a 41-megawatt distributed renewable energy system—a first-of-its-kind in Mongolia using a variety of renewable energy technologies to supply power and heating in the remote and less-developed western regions of the country.

Experts discuss bridging funding gap for Asia’s $8.4 trillion transport needs

Meeting Asia and the Pacific’s transport needs will require $8.4 trillion in financing by 2030, said Asian Development Bank (ADB) President Takehiko Nakao.

ADB President visits the People’s Republic of China, reaffirms partnership

During the visit, Asian Development Bank (ADB) President Takehiko Nakao, People’s Republic of China Minister of Finance (MOF) and ADB Governor Liu Kun, and National Development and Reform Commission (NDRC) Chair He Lifeng signed a memorandum of understanding in which ADB commits to assist the NDRC and MOF in the implementation of the rural vitalization strategy.