News

ADB commends Uzbekistan for promoting Central Asia regional cooperation

Asian Development Bank (ADB) President Haruhiko Kuroda praised Uzbekistan for its strong support for regional cooperation, saying that improved trade and transport links will help Central Asia reap the benefits of its strategic location.

ADB approves $1 billion in funding to support landmark rail program in PRC

The People's Republic of China (PRC) is to receive up to $1 billion from the Asian Development Bank (ADB) in a landmark program to support cleaner, safer and more energy efficient railway services in poor southwest regions of the country.

Asia-Pacific must invest up to $9.7 trillion by 2030 to meet energy needs

The Asia and Pacific region must invest between $7 trillion and $9.7 trillion in the energy sector from 2005 to 2030 to meet the rapidly growing demand for energy in the region, according to a new report released by the Asian Development Bank.

ADB officials in Central Asia to promote trade finance program

Private sector officials from the Asian Development Bank today completed a visit to Azerbaijan, Mongolia and Uzbekistan as part of ADB's push to expand its Trade Finance Facilitation Program throughout Central Asia.

Central Asian governments endorse plans to boost integration, trade

Ministers at the 8th Ministerial Conference on Central Asia Regional Economic Cooperation (CAREC) endorsed two major plans to advance cooperation in the region's transport, trade and energy sectors.

ADB president calls for more investment, cooperation, to Improve CAREC trade logistics system

Efficient and cost-competitive transportation and logistics services will help governments in the Central Asia Regional Economic Cooperation (CAREC) region stimulate economic activity and promote social and political cohesion, Asian Development Bank (ADB) President Haruhiko Kuroda said.

Central Asian nations gather in Ulaanbaatar for 8th CAREC Ministerial Meeting

Ministers from across Central Asia are gathering in Ulaanbaatar, Mongolia, for a major annual conference aimed at building transport and energy infrastructure, simplifying border and trade arrangements, and fostering closer cooperation among countries in the region.

ADB-funded railway to help Afghanistan improve regional links, boost growth

Afghanistan's push to develop reliable, safer, sustainable transport systems that boost growth, and increase connectivity with neighboring countries are getting support from a $165 million Asian Development Bank (ADB) grant.

ADB to extend $500 million to Georgia for seven-year road upgrade program

ADB is extending up to $500 million to Georgia to support a major overhaul of vital link-roads between Central Asia and the Caucasus.

ADB to help Georgia improve urban transport

ADB is providing a $30 million loan to finance infrastructure repairs and upgrades in selected urban municipalities in Georgia which have been hard hit by the global economic crisis and conflict with the Russian Federation.