News

ADB Approves $121 million loan to complete modernization of Eastern Uzbekistan railway network

The Asian Development Bank (ADB) has approved a $121 million loan to complete the modernization of the railway network in eastern Uzbekistan that will help to stimulate economic growth in the Fergana Valley and improve trade and regional connectivity.

ADB to develop Asian Transport Outlook to support larger and more sustainable transport sector in Asia

The Asian Transport Outlook (ATO) will support the planning and delivery of transport sector assistance by ADB, as well as transport policy and initiatives by Asian governments, in line with the Sustainable Development Goals (SDGs), Paris Agreement, and other international agreements.

Renewable energy is the future for Pakistan’s power system: A new World Bank study

A new World Bank study launched today suggests that Pakistan should quickly implement a major scale-up of solar and wind generation.

New funding to improve food systems will help prevent zoonotic diseases

Germany became the first donor to invest in Food Systems 2030, a new World Bank Multi-Donor Trust Fund that proposes to help countries maximize the impact of their public spending and transform their food systems to increase food security and reach their 2030 Sustainable Development Goals.

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.