News

Central Asian countries identify $94 billion energy investment needs to 2023

Central Asian countries have identified power investment needs of about $94 billion to 2023, according to an Asian Development Bank (ADB)-commissioned study presented at an energy forum in Islamabad, Pakistan.

Japan, EBRD support infrastructure for renewables in Mongolia

The EBRD and Japan are supporting Mongolia’s renewable energy sector with a new project to modernize part of the country’s electricity transmission infrastructure.

ADB border crossing loan to help boost PRC, Russian Federation Trade

The Asian Development Bank (ADB) has approved a $27 million loan to support more efficient and less costly trade flows across three major border crossing points in Mongolia, paving the way for increased trade with neighboring People’s Republic of China (PRC) and the Russian Federation

ADB supports Mongolia’s drive to boost food safety, exports

The Asian Development Bank (ADB) has approved a $15 million loan to support Mongolia’s efforts to continue strengthening food safety and animal and plant health standards to realize the country’s vast potential by increasing agri-food exports to neighboring countries.

ADB president calls for CAREC to boost regional cooperation efforts

In his keynote address at the CAREC Ministerial Conference, ADB President Takehiko Nakao said that in the current difficult global economic environment, CAREC countries should further strengthen regional cooperation and integration efforts.

The CAREC Corridors – Linking the Russian Federation with South Asia and the Middle East

In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets. Corridor 3 connects the Russian Federation to South Asia and the Middle East, running through six of CAREC’s member countries.

The CAREC Corridors – Linking the Mediterranean and East Asia

In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets. Corridor 2 links East Asia to the Mediterranean and southern Europe - with trade expanding in recent years following the implementation of the People’s Republic of China’s “go west” policy.

The CAREC Corridors – Linking Europe and East Asia

In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets. Corridor 1 - the most active of the six - links Europe to East Asia, traversing the Russian Federation border to the People’s Republic of China via Kazakhstan and the Kyrgyz Republic.

ADB assistance to bring improvements to Ulaanbaatar’s ‘ger’ areas

The Asian Development Bank (ADB) will provide $163.7 million for the building of better roads, installation of more effective water supply and sewerage systems, and the provision of heating services in Ulaanbaatar to help upgrade basic urban infrastructure and services in in peri-urban areas of Ulaanbaatar, also known as ger areas, where a majority of the city’s poor residents live.

CAREC to support key new routes to boost regional trade

The 10 members of the Central Asia Regional Economic Cooperation (CAREC) program will develop key new road and rail routes linking Central Asia to People’s Republic of China (PRC) and South Asia between now and 2020 to realize the huge trade potential between the three regions.