News

World Bank fast-tracks $100 million COVID-19 (Coronavirus) support for Afghanistan

The World Bank’s Board of Executive Directors approved a $100.4 million grant for the Afghanistan COVID-19 Emergency Response and Health Systems Preparedness Project to help Afghanistan take effective action to respond to the threat posed by COVID-19 and strengthen its public health preparedness.

World Bank supports energy access in Afghanistan

The World Bank’s Board of Executive Directors approved a $52.5 million grant for the Afghanistan Gas Project that will provide sustainable supply of natural gas to independent power producers in Northern Afghanistan.

World Bank Group supports critical private sector investments in Afghanistan’s energy sector

World Bank Group approved a financing package of 98.8 million consisting of guarantees, a loan, and swaps to support two gas-to-power energy projects in Afghanistan.

ADB grant to improve water resources, enhance productivity in Afghanistan

The Asian Development Bank (ADB) has approved a $348.78 million grant to help in the development of water resources in Kandahar province through the expansion of Dahla Dam, the country’s second largest dam.

World Bank appoints new country director for Afghanistan

The newly appointed World Bank Country Director for Afghanistan, Henry Kerali, a Ugandan national, joined the World Bank in 2003 and has held several leadership positions across the bank, having recently served as the Country Director for Ghana, Liberia, and Sierra Leone in the Africa Region.

ADB private sector deal to promote solar power in Afghanistan

The Asian Development Bank (ADB) has signed a $4 million loan with a special purpose vehicle and subsidiaries owned by the 77 Construction, Contracting, and Trading Group (77 Group), an international civil works contracting firm headquartered in Turkey, to help build a 15.1 megawatt solar power plant and promote the development of renewable energy in Afghanistan.

Infrastructure development key to Afghanistan’s growth — ADB

Focusing on infrastructure development will help bring about long-term growth in Afghanistan and address persistent issues affecting the country’s economic prospects, apart from security, including poor connectivity, poor access to limited energy supply, and low agriculture productivity, says a new Asian Development Bank (ADB) report.

ADB reaffirms commitment to support energy sector development in Afghanistan

The Asian Development Bank (ADB) reaffirmed its commitment to support Afghanistan’s energy development priorities at a ceremony organized by Da Afghanistan Breshna Sherkat to recognize the support of ADB and other development partners to the energy sector.

ADB signs deal to enhance energy connectivity in Afghanistan

The Asian Development Bank (ADB) signed a memorandum of understanding for a series of energy projects, which will help Afghanistan enhance energy security and efficiency, boost energy supply, and strengthen the country’s cross-border trade in energy.

ADB President reaffirms support to CAREC at 17th Ministerial Conference

Asian Development Bank President Takehiko Nakao reaffirmed ADB’s support for CAREC and announced $2 billion in new assistance for regional projects in CAREC countries in 2018.