News

ADB, Azerbaijan sign a $1 billion MOU to upgrade power distribution network

The Asian Development Bank (ADB) and Government of Azerbaijan have signed a Memorandum of Understanding for a $1 billion investment program to rehabilitate and expand the country’s power distribution network.

ADB annual meeting in Baku to focus on partnership for development

About 3,000 government officials, business leaders, investors, journalists, and representatives from civil society will gather on 2-5 May at the Heydar Aliyev Center in Baku, Azerbaijan, for the Asian Development Bank’s (ADB) 48th Annual Meeting of its Board of Governors.

IFC, ADB, EBRD, Tata Power, and Clean Energy help Georgia achieve energy self-sufficiency

The International Finance Corporation, a member of the World Bank Group, the Asian Development Bank, and the European Bank for Reconstruction and Development are helping Georgia tap its hydropower potential and achieve energy self-sufficiency by investing in the construction and operation of the Shuakhevi hydropower plant.

Japan $3 million grant to support Afghanistan road corridor upgrade

The Government of Japan has approved a $3 million grant to Afghanistan for a project which will improve the country’s main north-south road corridor transport route.

ADB provides $130 million to boost Afghanistan transport network

The Asian Development Bank (ADB) and Government of Afghanistan signed two grant agreements worth $130 million to finance a new road link that will open up an east-west trade corridor with Tajikistan and beyond.

ADB increases country allocation to Tajikistan by $20 million in 2015

The Asian Development Bank (ADB) has agreed to boost its assistance to Tajikistan by around $20 million in 2015, raising its full year planned assistance program to $79 million.

Additional financing to improve road connectivity in Kyrgyz Republic

The Asian Development Bank (ADB) and the Kyrgyz Republic signed around $15 million in additional ADB loan and grant financing for a project to improve national roads that are a key part of a strategic regional road corridor.

ADB loans help PRC tackle surge in transport emissions

The Asian Development Bank (ADB) has signed loans of up to $450 million equivalent to help the People’s Republic of China (PRC) scale up its use of natural gas for transport to curb fast-rising emissions from automobiles and river freight.

ADB warming up cold IMAR with low carbon, low emissions heating

The Asian Development Bank (ADB) has approved a loan of $150 million to introduce a first-of-its-kind low carbon and low emissions heating system utilizing natural gas and wind power, in Hohhot, capital of the Inner Mongolia Autonomous Region (IMAR) of the People’s Republic of China (PRC).

ADB continues support to improve electricity supply in Tajikistan

The Asian Development Bank (ADB) has approved a $54 million grant to improve the electricity supply to households and industry in Tajikistan.