News

ADB to help manage food insecurity risks in Mongolia amid supply disruptions caused by COVID-19

The Asian Development Bank (ADB) has approved a $410,000 technical assistance (TA) grant to help manage food insecurity risks amid supply disruptions caused by the coronavirus (COVID-19) disease pandemic in Mongolia.

Uzbekistan to modernize its national innovation system with support from the World Bank

The World Bank’s Board of Executive Directors approved a financing package of $50 million for the implementation of the Modernizing National Innovation System Project in Uzbekistan. Boosting innovation and research has become ever more important given the new wave of digitalization and automation that is rapidly altering economies around the world.

Digital Transformation in Tajikistan as Central COVID-19 Response Policy

Some countries have succeeded in their attempts to manage the COVID-19 crisis, seeking ways to translate perceived weaknesses, old or new, into sources of post-crisis recovery and resilience. There are first signs that Tajikistan is ready to do exactly that, according to this speech by Jan-Peter Olters, World Bank Country Manager for Tajikistan.

Investing in people is crucial to economic recovery in Central Asia

A special analysis in the Europe and Central Asia Economic Update focuses on human capital, an area that requires serious attention of the governments given the severe impact of the pandemic on health and education.

EBRD pledges $40 million in support of Uzbekistan SMEs

The latest $40 million finance facility, extended to the country’s fourth largest lender, Ipoteka Bank, will also provide support to women-led businesses.

ADB approves $110 million grant to enhance power supply in Afghanistan

The Asian Development Bank (ADB) approved a $110 million grant to boost power supply and strengthen Afghanistan’s energy sector by improving its sustainability and promoting cross-border trade in energy.

ADB approves $200 million loan to improve power sector in Uzbekistan

The Asian Development Bank (ADB) approved a $200 million policy-based loan to strengthen Uzbekistan’s power sector by improving its financial sustainability and ensuring adequate investment in critical infrastructure.

Georgia joins the race to produce green hydrogen

The Georgian government, realizing that water currently spilled during the summer months would be put to better use producing hydrogen, has asked the EBRD to explore the country’s potential for generating green hydrogen, which could then be blended and transported to end -users through existing gas pipelines.

EBRD and GCF boost climate financing for Mongolian enterprises

Smaller firms in Mongolia will benefit from new opportunities to make their businesses more energy efficient and productive, thanks to a $4 million loan provided by the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) to XacLeasing, one of the country’s largest financial leasing companies.

EBRD, GCF and CIFs $42.6 million for solar plant in Kazakhstan

The European Bank for Reconstruction and Development (EBRD) is organizing a new financing for the construction of a 76 MWp solar plant in the Karaganda region of Kazakhstan