News

ADB $40 million grant for flood reconstruction in northern Afghanistan

The Asian Development Bank (ADB) is providing a $40 million emergency assistance grant to assist with the reconstruction of irrigation and rural road infrastructure at 15 provinces in northern Afghanistan that suffered heavy damage from severe flooding earlier this year.

ADB, Azerbaijan partnership to promote new economic opportunities and inclusive growth

The Asian Development Bank (ADB) and the Government of Azerbaijan have agreed to a country partnership strategy for 2014-2018 to help diversify the economy and foster new economic opportunities, promote inclusive growth, and reduce urban-rural disparities.

ADB president reaffirms support for Pakistan’s development and flood reconstruction

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

ADB operations in Tajikistan ‘successful’ but more attention needed for inclusion and sustainability

The Asian Development Bank (ADB) needs to spur inclusion and sustainability in designing future development support in Tajikistan, says a new report by the Asian Development Bank’s (ADB) Independent Evaluation Department.

US Treasury awards ADB for landmark Afghan railway project

The Asian Development Bank has received a US Department of Treasury award for a pioneering rail project in Afghanistan that is providing a cross-border trade link crucial to the country’s post-conflict economy.

ADB loan to give Uzbekistan power plant new lease of life

The Asian Development Bank has approved a $300 million loan to upgrade Uzbekistan’s Takhiatash thermal power plant to meet rising electricity demand in the west of the fast-growing Central Asian country.

ADB project helps Tajikistan maintain vital link to Uzbekistan

The soon-to-be-completed road from Dushanbe’s Western Gate to the Uzbekistan border will provide a vital connection between Tajikistan and its neighbors and key piece of the Central Asia Regional Economic Cooperation (CAREC) Corridor 3 that spans almost 7,000 kilometers from the Russian Federation in the north to the Persian Gulf in the south.

The CAREC Corridors – Linking the Russian Federation with South Asia and the Middle East

In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets. Corridor 3 connects the Russian Federation to South Asia and the Middle East, running through six of CAREC’s member countries.

Connectivity, regional cooperation key to growth in Central Asia and beyond

Connectivity and regional cooperation remain critical to sustained economic growth, an Asian Development Bank (ADB) seminar heard today. The seminar, Links to Prosperity: Connectivity, Trade and Growth in Developing Asia, took place at ADB’s 47th Annual Meeting of the Board of Governors in Astana.

Landmark cofinancing accord signed by ADB and Kazakhstan

Asian Development Bank (ADB) President Takehiko Nakao signed a groundbreaking cofinancing framework with Kazakhstan Prime Minister Karim Massimov at the opening ceremony of ADB’s 47th Annual Meeting .