News

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.

CAREC aviation officials discuss regional air cooperation

Aviation officials and airline representatives from 11 member countries of the CAREC Program met in Singapore to discuss potential for enhanced regional air transport connectivity and cooperation.

EBRD donors support infrastructure improvements and economic integration

The European Bank for Reconstruction and Development (EBRD) supports investments into modern energy connections and transport infrastructure from the Western Balkans to Central Asia and the southern and eastern Mediterranean. Furthermore, EBRD has designed several financial instruments to support cross-border trade.

ADB, Kyrgyz Republic sign agreement to complete Toktogul hydropower plant upgrade

The Asian Development Bank (ADB) and the Government of the Kyrgyz Republic have signed the loan agreement for the third and final phase of support to rehabilitate the Toktogul hydropower plant and increase the reliability of the national and regional power systems.

First EBRD-financed buses arrive in Osh, Kyrgyz Republic

Thirty brand new buses have arrived in Osh, the southern capital of the Kyrgyz Republic. The buses are part of a project financed by the European Bank for Reconstruction and Development (EBRD) that aims to boost safe and accessible public transport services in the city.

ADB, Kyrgyz Republic sign agreement for North–South alternate road corridor rehabilitation

The Asian Development Bank (ADB) and the Government of the Kyrgyz Republic today signed the financing agreement amounting to $95.1 million to rehabilitate a section of the North-South Alternate Road Corridor in the Kyrgyz Republic. (Photo credit: ADB)

ADB holds regional trade finance workshop in Tashkent

The Asian Development Bank’s Trade Finance Program launched a two-day workshop for trade finance professionals in Tashkent. A total of 48 participants representing 36 banks from seven Central Asia and Caucasus countries are attending.

EBRD and EU support energy and water efficiency in the Kyrgyz Republic

The European Bank for Reconstruction and Development (EBRD) is launching a new $35 million credit line to boost energy savings and resource efficiency in the Kyrgyz Republic.