News

IsDB approves more than $592 million to finance new development projects

The Board of Executive Directors of the Islamic Development Bank (IsDB) has approved $592.2 million in financing for new development projects in several member countries and some Muslim communities in non-member countries.

ADB-financed road upgrade to improve Dushanbe–Kurgonteppa connectivity

ADB has approved $65.2 million in loan and grant financing for Tajikistan to improve road connectivity between the capital Dushanbe and Kurgonteppa, two major cities and economic hubs in the country.

ADB president calls for expanded CAREC agenda to meet new challenges

Asian Development Bank (ADB) President Takehiko Nakao concluded a 2-day visit to Pakistan. He met with Prime Minister Mian Muhammad Nawaz Sharif; the Finance Minister and ADB Governor, Senator Ishaq Dar, and other senior officials; and attended the 15th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference, which welcomed Georgia as its 11th member.

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.

Need for reforms intensifies amid weak growth in Caucasus, Central Asia

The Caucasus and Central Asia is embarking on one of its slowest economic recoveries since independence, the IMF announced, as the region continues to battle the effects of a number of large and persistent external shocks

Q&A: Central Asia-South Asia Electricity Transmission and Trade Project (CASA-1000)

The CASA-1000 project is the first step towards creating the Central Asia-South Asia Regional Electricity Market (CASAREM), leveraging Central Asia's significant energy resources to help alleviate South Asia's energy shortages on a mutually beneficial basis.

Tajikistan president inaugurates ADB-supported energy facility

President Emomali Rahmon inaugurated the new 500-kilovolt switchyard built with the support of the Asian Development Bank (ADB) at the Nurek hydropower plant.

ADB ready to support deeper economic reforms in Tajikistan

Sean O’Sullivan, Director General of the Asian Development Bank (ADB)’s Central and West Asia Department, concluded a two-day visit to Tajikistan, during which he met with Prime Minister Kokhir Rasulzoda and other senior government officials to discuss the country's development priorities and current economic situation, ADB’s assistance program, and reaffirm ADB’s continued support for national development.

Tajikistan and IDB plan increased cooperation in trade and infrastructure

The President of the Republic of Tajikistan, His Excellency Emomali Rahmon, and the Islamic Development Bank President, Dr. Ahmad Mohamed Ali, have discussed ways to enhance cooperation in the areas of trade and infrastructure projects.

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.