News

Uzbekistan resumes WTO membership negotiations

WTO members welcomed the resumption of WTO membership negotiations for Uzbekistan when the working party on the country’s accession to the WTO met on 7 July 2020—almost 15 years after its last formal meeting.

Members discuss reflecting impact of COVID-19 in WTO-led Aid for Trade initiative

World Trade Organization (WTO) members agreed to discuss how to reflect the impact of the COVID-19 pandemic in their future work and agreed to extend the current biennial Aid for Trade work program into 2022 when the next Global Review will also be held.

ADB, Mongolia sign projects for COVID-19 shock response, economic cooperation zone, solid waste management

The Asian Development Bank (ADB) and the Government of Mongolia signed three projects to lessen the socioeconomic impacts of the coronavirus disease (COVID-19) pandemic on poor and vulnerable groups in Mongolia, to help support Mongolia’s post-pandemic recovery by developing an economic cooperation zone, and improve solid waste management.

Joint statement by heads of multilateral development banks and the WTO on supporting trade finance during the COVID-19 crisis.

This statement was issued by the World Trade Organization and heads of multilateral development banks, including the President of the Asian Development Bank.

EBRD ensures sustainable operations of KazTransGaz

The facility of up to €243.5 million will help KazTransGas address the company’s liquidity and working-capital needs caused by the economic impact of the coronavirus crisis, and will also secure the uninterrupted supply of natural gas to households across Kazakhstan.

EBRD and UNWTO boost tourism recovery

The European Bank for Reconstruction and Development (EBRD) and the United Nations World Tourism Organisation (UNWTO) are joining forces to boost the recovery of the tourism sector.

ADB provides $500 million loan to mitigate health and economic impacts of COVID-19 in Uzbekistan

The Asian Development Bank (ADB) approved a $500 million loan to help the Government of Uzbekistan mitigate the adverse health and economic impacts of the coronavirus disease (COVID-19) pandemic.

ADB approves $1 billion assistance package to support Kazakhstan’s pandemic response

The Asian Development Bank (ADB) has approved a $1 billion assistance package to help the Government of Kazakhstan mitigate the health, social, and economic impacts of the coronavirus disease (COVID-19) pandemic.

ADB to support economic cooperation zone for Mongolia

he Asian Development Bank (ADB) has approved a $30 million loan to develop and operationalize Mongolia’s Zamyn-Uud free zone, which is part of a proposed economic cooperation zone between the country and the People’s Republic of China (PRC).

World Bank-supported project finances cash transfers to protect vulnerable children in Tajikistan

Up to 50,000 low-income families with young children in Tajikistan will receive a one-time payment of 500 Tajik somoni as emergency social assistance. These payments are provided as part of the World Bank-financed Tajikistan Emergency COVID-19 Project.