News

ADB supports modernization of Uch–Kurgan hydropower plant

The Asian Development Bank (ADB) has approved a $100 million financing package to modernize aging equipment and improve power generation capacity at the Uch–Kurgan hydropower plant (HPP), the oldest of the six HPPs installed along the Naryn River cascade in the Kyrgyz Republic.

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.

ADB provides $78 million to improve regional road transport links in Kyrgyz Republic

The Asian Development Bank’s Board of Directors has approved a total of $78 million to complete the rehabilitation of a road that connects two major transport corridors linking the landlocked country to international markets.

Kyrgyz Republic to increase regional connectivity and boost tourism in prime visitor area, with World Bank support

About 2.5 million people are expected to benefit from local integrated development and the promotion of sustainable tourism in Issyk-Kul Oblast, thanks to a new phase of the Central Asia Regional Links Program.

ADB approves new partnership strategy for Kyrgyz Republic

The Asian Development Bank's Board of Directors has endorsed a new 5-year country partnership strategy to promote sustainable economic growth, leverage regional cooperation to reap the benefits of access to larger markets, and improve the quality of life in the Kyrgyz Republic.

The CASA-1000 project crosses another important milestone

By putting in place the commercial and institutional arrangements and the transmission infrastructure, the World Bank Group-supported Central Asia-South Asia Regional Electricity and Trade Project (CASA-1000) is the first step toward creating the Central Asia-South Asia Regional Electricity Market (CASAREM).

EBRD deepens cooperation with Kazakhstan

Deepening the EBRD’s engagement with Kazakhstan, the bank's new First Vice President Jürgen Rigterink is scheduled to visit the country for meetings with the authorities and businesses, to sign new investment projects, and head a prominent delegation at the Global Challenges Summit in the capital Astana from 17 to 19 May.

ADB-supported Kyrgyz Republic’s largest hydropower plant achieves key milestone

JSC Electric Power Plants, the major state-owned power generation company in the Kyrgyz Republic, announced the award of a turn-key contract for the Asian Development Bank-supported modernization of the Toktogul hydropower plant to a joint venture of GE Hydro (France) and GE Renewables (Switzerland) for $104 million. (Photo credit: ADB)

ADB partners with Kyrgyz Republic to secure water resources, combat climate change

The Asian Development Bank (ADB) and the Government of the Kyrgyz Republic presented and discussed the technical assistance on the Climate Resilience Disaster Risk Reduction in Water Resources Management Project at an inception workshop in Bishkek. The technical assistance is financed by the Japan Fund for Poverty Reduction and administered by ADB.

The Caucasus and Central Asia: Time for Decisive Action

The economies in the Caucasus and Central Asia (CCA) are recovering supported by improving economic conditions in their main trading partners, higher commodity prices, and reforms taking hold, according to the International Monetary Fund's (IMF) 2017 CCA Regional Economic Outlook.