News

ADB to help Uzbekistan build Central Asia’s first solar power plant

The Asian Development Bank (ADB) will provide a loan totaling $110 million for a 100-megawatt solar power plant in Samarkand, Uzbekistan that will promote large scale solar energy development in the country.

ADB to assume transaction advisory role for historic regional gas pipeline

The Asian Development Bank (ADB) has been appointed transaction advisor to help attract a commercial consortium leader of global repute that will build, own and operate the planned 1,800-kilometer Turkmenistan–Afghanistan–Pakistan–India (TAPI) natural gas pipeline.

CAREC to support key new routes to boost regional trade

The 10 members of the Central Asia Regional Economic Cooperation (CAREC) program will develop key new road and rail routes linking Central Asia to People’s Republic of China (PRC) and South Asia between now and 2020 to realize the huge trade potential between the three regions.

ADB president meets Kazakhstan prime minister, attends CAREC conference

The President of the Asian Development Bank (ADB), Takehiko Nakao, is in Astana, Kazakhstan to discuss ADB Annual Meeting preparations with the Government of Kazakhstan and to attend the 12th Ministerial Conference on Central Asia Regional Economic Cooperation (CAREC).

Power swaps can help Asia-Pacific manage daunting future energy needs – report

Cross-border power exchanges can play a central role in helping Asia and the Pacific meet its booming demand for power, which is set to sharply outpace the rest of the world’s over the next two decades, says a comprehensive new report from the Asian Development Bank.

PRC’s Inner Mongolia to upgrade major highway to support trade and tourism

A major highway and rural roads in a remote northern area of the People’s Republic of China (PRC) will be upgraded to support increased movement of goods and people, through a $200 million loan from the Asian Development Bank (ADB).

ADB continues improving road connectivity in Tajikistan

The Asian Development Bank (ADB) has approved a $70 million grant for a project to magnify regional economic cooperation and inclusive growth in Tajikistan by improving key roads, enhancing road safety and maintenance, and promoting local community development.

ADB launches new partnership with the Kyrgyz Republic

The Kyrgyz Republic and the Asian Development Bank (ADB) have agreed on a new Country Partnership Strategy (CPS) for 2013 – 2017 to reduce poverty and advance inclusive economic growth.

Central Asia officials meet to discuss implementation of CAREC Program

Senior officials from the 10 member countries of the Central Asia Regional Economic Cooperation (CAREC) Program met in Almaty to review the implementation of the program aimed to develop regional transport networks, boost regional trade, and secure an efficient, reliable energy supply.

ADB loan revitalizes old Silk Road outpost in PRC’s poor northwest

The Asian Development Bank (ADB) is providing a $100 million loan to revitalize Jiuquan City, a former outpost along the Silk Road located in the under-developed northwestern region in the People's Republic of China (PRC).