News

ADB president calls for expanded CAREC agenda to meet new challenges

Asian Development Bank (ADB) President Takehiko Nakao concluded a 2-day visit to Pakistan. He met with Prime Minister Mian Muhammad Nawaz Sharif; the Finance Minister and ADB Governor, Senator Ishaq Dar, and other senior officials; and attended the 15th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference, which welcomed Georgia as its 11th member.

ADB president urges Pakistan to stay on course with economic reforms to preserve gains

Asian Development Bank (ADB) President Takehiko Nakao met with Pakistan Prime Minister Mian Muhammad Nawaz Sharif to discuss the government’s development priorities and ADB’s partnership with Pakistan.

ADB to boost Incomes in Liupanshan, Ningxia, by improving rural roads

The Asian Development Bank (ADB) has approved a $100 million loan for a rural road project that will boost local incomes and cut poverty in Liupanshan, Ningxia—one of the poorest areas of the People’s Republic of China.

Central Asian countries identify $94 billion energy investment needs to 2023

Central Asian countries have identified power investment needs of about $94 billion to 2023, according to an Asian Development Bank (ADB)-commissioned study presented at an energy forum in Islamabad, Pakistan.

ADB reaffirms commitment to support infrastructure development

The Asian Development Bank reaffirmed its commitment to support infrastructure development in Afghanistan, and stressed the importance of improved project implementation to enhance development impact in the country.

ADB allocates $95 million to help rehabilitate North-South Corridor

The Asian Development Bank (ADB) has approved a loan and grant amounting to $95.1 million to rehabilitate a section of the North-South Alternate Road Corridor in the Kyrgyz Republic.

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)