News

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.

New ADB strategy to support inclusive, sustainable growth in Afghanistan

The Asian Development Bank’s (ADB) Board of Directors has endorsed a new 5-year country partnership strategy (CPS) to establish a stronger foundation for sustainable growth and poverty reduction in Afghanistan.

ADB president commits more than $5 billion to support new strategy for CAREC

In his speech at the 16th Ministerial Conference on CAREC, Asian Development Bank (ADB) President Takehiko Nakao announced that ADB will commit more than $5 billion to supporting CAREC 2030 in the next 5 years. This is about a quarter of the total ADB financing for projects in CAREC countries except the People’s Republic of China.

First energy efficient kindergartens open in Aktau

Three energy efficient kindergartens were opened in Aktau city providing 1500 students and staff with improved heating, water supply and lighting

CAREC countries to discuss new technology and financing for future energy

The second CAREC Energy Investment Forum, which seeks to increase investment in clean energy in the CAREC countries, is jointly organized by the Government of Kazakhstan’s Ministry of Energy and the Asian Development Bank (ADB) within the framework of the EXPO 2017 international exhibition: Future Energy.

Forum highlights new technology and financing for future energy

Officials from the Central Asian Regional Economic Cooperation (CAREC) countries, experts from international financial institutions, and private sector representatives gathered today for a 2-day forum in Astana to discuss financing and leapfrogging technologies for the region to tackle climate change.

ADB, AFD approved over $400 million to accelerate energy reforms in Pakistan

The Asian Development Bank (ADB) and the Agence Francaise de Development (AFD) have approved over $400 million in loans to support Pakistan’s efforts to provide a more reliable and secure energy sector. (Photo credit: ADB)

ADB VP reaffirms support to Kazakhstan, regional cooperation

Asian Development Bank (ADB) Vice-President Wencai Zhang is on a 4-day visit in Astana where he has held talks with senior officials of the Government of Kazakhstan about ADB’s new 2017-2021 Country Partnership Strategy

World Bank supports energy security in Tajikistan

The rehabilitation of the Nurek Hydropower Plant will help secure electricity supply in winter and boost economic productivity.

New ADB Pakistan country director assumes office

The Asian Development Bank (ADB) has appointed Xiaohong Yang as new Country Director for Pakistan. Ms. Yang, who assumed office on April 24, 2017, is the first woman to head ADB’s resident mission to the country.