News

ADB to provide $600 million to improve key Uzbekistan road corridor

A key highway in Uzbekistan linking the Central Asian country to its neighbors is getting support from a $600 million Asian Development Bank (ADB) multitranche financing facility.

How CAREC stands to build a prosperous Central Asia

Nowadays trade, transport and energy relations play an important role in the regional cooperation and economic development of the countries. Asian Development Bank (ADB) pays serious attention to the regional cooperation.

Mongolian banks sign up to ADB’s trade finance facilitation program

Top officials from four Mongolian banks signed key trade finance agreements with the Asian Development Bank (ADB) that will help companies in Mongolia to conduct more international trade.

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.