News

ADB signs two loans with Pakistan to improve urban, transport sectors

The Asian Development Bank (ADB) and the Government of Pakistan signed two loans totaling $380 million for projects to help improve the country’s urban and transport sectors.

ADB provides $60 million to support power transmission expansion in eastern Afghanistan

Asian Development Bank (ADB) has signed a $60 million grant to provide more electricity for Afghan households, businesses, and industry by extending the national grid connectivity into eastern provinces and strengthening the northeast power system.

ADB loan to help modernize power generation in Uzbekistan

The Asian Development Bank’s (ADB) Board of Directors has approved a $450 million loan to help install between 850 to 950 megawatts in additional generation capacity in the Talimarjan thermal power plant using combined cycle technology, which will help improve power generation efficiency and energy security in Uzbekistan.

ADB approves $400 million to support Azerbaijan’s rail sector, modernize North–South Railway Corridor

The Asian Development Bank’s (ADB) Board of Directors has approved two loans totaling $400 million to help strengthen Azerbaijan’s railway sector and modernize and rehabilitate the Sumgayit–Yalama rail line, a key link in the North–South Railway Corridor.

ADB provides $330 million to Afghanistan to complete National Ring Road

The Asian Development Bank’s (ADB) Board of Directors has approved $330 million in grant financing to support the completion of Afghanistan's national Ring Road, a vital national strategic corridor and a critical part of the country’s regional integration agenda.

VP Zhang visits Georgia, reaffirms ADB’s development support

Asian Development Bank (ADB) Vice-President Wencai Zhang met with the Prime Minister of Georgia Giorgi Kvirikashvili, where he highlighted ADB’s robust and expanding partnership with Georgia and reaffirmed ADB’s commitment to support the country’s economic development.

ADB supports Afghanistan to boost energy supply

Afghanistan President Mohammad Ashraf Ghani witnessed the contract signing of two Asian Development Bank-financed (ADB) energy projects which will help Afghanistan boost energy supply, improve energy security and efficiency, and promote cross-border trade in energy.

ADB approves first full country partnership strategy for Turkmenistan

The Asian Development Bank’s (ADB) Board of Directors has endorsed a 5-year Country Partnership Strategy (CPS) for Turkmenistan to support regional cooperation and economic diversification during 2017–2021. This is ADB’s first full CPS with Turkmenistan since the country joined ADB in 2000.

New ADB strategy to support inclusive, sustainable growth in Afghanistan

The Asian Development Bank’s (ADB) Board of Directors has endorsed a new 5-year country partnership strategy (CPS) to establish a stronger foundation for sustainable growth and poverty reduction in Afghanistan.

ADB president commits more than $5 billion to support new strategy for CAREC

In his speech at the 16th Ministerial Conference on CAREC, Asian Development Bank (ADB) President Takehiko Nakao announced that ADB will commit more than $5 billion to supporting CAREC 2030 in the next 5 years. This is about a quarter of the total ADB financing for projects in CAREC countries except the People’s Republic of China.