News

ADB $150 million loan to overhaul transport and logistics in Chongqing

The Asian Development Bank (ADB) has approved a $150 million loan to develop an efficient goods handling system for Chongqing that integrates logistics for road, water, and rail transport.

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 VP reaffirms support for Azerbaijan’s development priorities

Asian Development Bank (ADB) Vice President Wencai Zhang met with Ilham Aliyev, President of Azerbaijan, Prime Minister Artur Rasi-zade, and Samir Sharifov, Minister of Finance and ADB Governor, to reaffirm ADB’s continuous support for the country’s development and reform priorities. (Photo credit: ADB)

ADB to help improve strategic road connection on Armenia-Georgia border

The Asian Development Bank (ADB) has approved a $50 million loan to improve the transport efficiency and safety of the M6 Highway from Vanadzor in Armenia to the border with Georgia at Bagratashen, one of the most strategic roads for internal and external trade.

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 $25.5 million grant to improve road maintenance in Afghanistan

The Asian Development Bank (ADB) has approved a $25.5 million grant to boost maintenance work on sections of Afghanistan’s regional highway in the southeastern part of the country and enhance the overall sustainability of the road transport sector.

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.

ADB president urges Pakistan to stay on course with economic reforms to preserve gains

Asian Development Bank (ADB) President Takehiko Nakao met with Pakistan Prime Minister Mian Muhammad Nawaz Sharif to discuss the government’s development priorities and ADB’s partnership with Pakistan.

ADB to boost Incomes in Liupanshan, Ningxia, by improving rural roads

The Asian Development Bank (ADB) has approved a $100 million loan for a rural road project that will boost local incomes and cut poverty in Liupanshan, Ningxia—one of the poorest areas of the People’s Republic of China.

ADB reaffirms commitment to support infrastructure development

The Asian Development Bank reaffirmed its commitment to support infrastructure development in Afghanistan, and stressed the importance of improved project implementation to enhance development impact in the country.