News

EBRD and EU support energy and water efficiency in the Kyrgyz Republic

The European Bank for Reconstruction and Development (EBRD) is launching a new $35 million credit line to boost energy savings and resource efficiency in the Kyrgyz Republic.

EBRD and Kazakhstan’s gas operator KazTransGas to work on energy efficiency

The European Bank for Reconstruction and Development (EBRD) and Kazakhstan’s national gas operator, KazTransGas, have agreed to join forces in supporting the country’s drive towards a green economy.

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.

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

EBRD and EU support electricity upgrades in Osh, Kyrgyz Republic

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are continuing their program to modernize derelict public infrastructure in the Kyrgyz Republic with a new project in the southern Osh region.

EBRD supports first wind farm in Georgia

The European Bank for Reconstruction and Development (EBRD) and the government of Georgia are today inaugurating the first wind power plant in Georgia and the Caucasus region.

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.

Azerbaijan’s opportunity to reboot, diversify economy

Growth in Azerbaijan fell to 1.1 percent in 2015, and is expected to decrease further in 2016 as the country copes with the large decline in oil prices, cuts in public investment, currency depreciations, and the slowdown in trading partners’ economies, said the IMF in its latest assessment.