News

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 .

Delegates gather in Astana for Asian Development Bank 47th annual meeting

Delegates started arriving at the Palace of Independence in Astana, Kazakhstan to register for the Asian Development Bank’s (ADB) 47th Annual Meeting of its Board of Governors. The meeting begins 2 May and runs through 5 May.

The CAREC Corridors – Linking the Mediterranean and East Asia

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 2 links East Asia to the Mediterranean and southern Europe - with trade expanding in recent years following the implementation of the People’s Republic of China’s “go west” policy.

North-South railway project aiming for completion late this year

The Asian Development Bank fielded a mission to Turkmenistan to review the implementation progress of the North-South Railway Project, the organization’s first-ever lending intervention in the country.

The CAREC Corridors – Linking Europe and East Asia

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 1 - the most active of the six - links Europe to East Asia, traversing the Russian Federation border to the People’s Republic of China via Kazakhstan and the Kyrgyz Republic.

$400 million loan to help Pakistan end crippling power problems

The Asian Development Bank (ADB) has approved a $400 million loan to support the Government of Pakistan's ongoing reforms to tackle the country’s chronic energy crisis which has crippled industries and caused social unrest.

Donors pledge additional $286 million to ADB infrastructure fund for Afghanistan

The governments of Japan, United Kingdom, and the United States will continue their support for improving and maintaining Afghanistan’s key roads, power plants, and other infrastructure by providing an additional $286 million to the Afghanistan Infrastructure Trust Fund.

ADB president reaffirms long-term support for Afghanistan

Asian Development Bank President Takehiko Nakao has completed a visit to Afghanistan during which he reassured the country of the Bank’s continued support during and beyond the current period of transition.

Multimodal transport to spur economic growth in Central PRC

The central province of Anhui in the People’s Republic of China (PRC) will become better connected to coastal industrial hubs with a $200 million loan from the Asian Development Bank (ADB) to improve roads, upgrade the Shuiyang River channel, and build a new intermodal port.

ADB provides $900 million for Jamshoro Power Project

The Asian Development Bank (ADB) and the Government of Pakistan signed an agreement under which ADB will provide $900 million for the 600 megawatt Jamshoro supercritical coal-fired power plant.