News

ADB president expresses support for Turkmenistan economic diversification

Asian Development Bank (ADB) President Takehiko Nakao met with the President of Turkmenistan, Gurbanguly Berdimuhamedov, to discuss the country’s development priorities and reiterate support for the government’s efforts to diversify the economy.

ADB funds the completion of Toktogul hydropower plant rehabilitation

The Asian Development Bank has approved the third and final phase of financial support to complete the rehabilitation of Toktogul hydropower plant, the largest and most important power plant in the Kyrgyz Republic, to increase reliability of national and regional power systems.

ADB signs trade finance agreement with Georgia’s BasisBank

he Asian Development Bank (ADB) and JSC BasisBank (BasisBank) signed a trade finance agreement to provide guarantees of up to $3 million a year to support trade in Georgia.

ADB to fund studies, design for Salang Corridor upgrade

The Asian Development Bank (ADB) has approved a $31.37 million grant to prepare the Salang Corridor rehabilitation project to improve the efficiency and safety of movement of goods and people in Afghanistan and across Central Asia. (Photo credit: ADB)

ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

The Asian Development Bank (ADB) has approved a $240.3 million loan to help Kazakhstan modernize its transport system. Improved transport connectivity will help increase trade links between Kazakhstan and the markets in East Asia, the Caspian Sea region, and further to Europe. (Photo credit: ADB)

$810 million ADB loan to help Pakistan address energy shortage

The Asian Development Bank (ADB) has approved an $810 million multi-tranche financing facility to develop Pakistan's power transmission system, to improve the reliability and quality of energy supply, and to meet increasing demand for electricity. (Photo credit: ADB)

ADB approves $750 million loan facility to lift power reliability in Azerbaijan

The Asian Development Bank (ADB) has approved a $750 million multitranche program loan facility to upgrade power distribution networks in Azerbaijan, that will benefit over 1.4 million consumers and give the wider economy a lift by providing more reliable electricity supplies.

ADB provides Pakistan $100 million for new section of motorway

The Asian Development Bank and the Government of Pakistan signed an agreement for a $100 million loan to build the remaining 64-kilometer section of the motorway (M-4) connecting Shorkot and Khanewal in Punjab province.

ADB approves first cofinancing with AIIB for a Pakistan road project

The Asian Development Bank approved a $100 million loan for a highway project in Pakistan that will mark its first cofinancing with the Asian Infrastructure Investment Bank (AIIB). AIIB will provide a $100 million loan subject to its board approval. The United Kingdom’s Department for International Development (DFID) has also committed a $34 million grant for the project.

Tajikistan president inaugurates ADB-supported energy facility

President Emomali Rahmon inaugurated the new 500-kilovolt switchyard built with the support of the Asian Development Bank (ADB) at the Nurek hydropower plant.