World Bank Group’s managing director visits Kazakhstan, discusses development priorities and enhanced collaboration The World Bank Group’s Managing Director and Chief Operating Officer, Sri Mulyani Indrawati, paid an official visit to Kazakhstan. The main goal of the visit was to discuss the World Bank Group enhanced collaboration with Kazakhstan under the new Partnership Framework Arrangement signed in May 2014.
More than 45,000 households in Georgia will directly benefit from road improvements The World Bank Board of Executive Directors approved an IBRD loan in the amount of $75 million to Georgia for the Third Secondary and Local Roads Project . The project builds on the ongoing Second Secondary and Local Roads project and complements other projects funded by the World Bank in the road sector.
World Bank Group launches new partnership strategy for Tajikistan The World Bank’s Board of Executive Directors discussed a new Country Partnership Strategy For Tajikistan that will guide the support of the World Bank and International Finance Corporation to the country in 2015-2018.
Energy efficiency financing and delivery mechanisms in Kazakhstan Options for developing and implementing energy efficiency financing and delivery mechanisms in Kazakhstan have been extensively discussed at the high-level conference organized by the Ministry of Industry and New Technologies jointly with JSC “Institute for the Development of Electricity and Energy Saving” and the World Bank.
World Bank supports secure and reliable supply of power in Georgia The World Bank Group Board of Executive Directors approved a $60 million International Bank for Reconstruction and Development (IBRD) financing for the Transmission Grid Strengthening Project for Georgia.
World Bank Group launches new country partnership strategy for Georgia The four-year strategy will guide the World Bank Group’s support to the country in helping end extreme poverty and boost shared prosperity in a sustainable manner.
New World Bank project to increase regional transport connectivity in Central Asia The World Bank Group’s Board of Executive Directors approved an allocation of $45 million equivalent to finance the first phase of the transformative Central Asia Roads Links Program, to be implemented in the Kyrgyz Republic in 2014-2019.
Up to $2.5 trillion needed for South Asia infrastructure – World Bank South Asia needs to spend as much as $2.5 trillion on infrastructure by 2020 to bring its power grids, roads and water supplies up to the standard needed to serve its growing population, a World Bank report says.
World Bank Group invests in energy trade between Central Asia and South Asia The World Bank Group’s Board of Directors approved a $ 526.5 million in grant and credit financing for the Central Asia South Asia Electricity Transmission and Trade Project (CASA-1000) for four countries: Afghanistan, Kyrgyz Republic, Pakistan, and Tajikistan.
World Bank continues helping industrial enterprises in Uzbekistan become more energy efficient Mr. Saroj Kumar Jha, the World Bank Regional Country Director for Central Asia, and the Government of Uzbekistan signed a $100 million credit of Additional Financing to the Energy Efficiency Facility for Industrial Enterprises Project for the Republic of Uzbekistan. The project is helping improve energy efficiency in the industrial sector, reducing power and fuel usage, and greenhouse gas emissions.
