News

ADB reaffirms support, targets more funding for infrastructure

Sean O’ Sullivan, Director General of the Asian Development Bank (ADB)’s Central and West Asia Department, has concluded a 3-day visit to Afghanistan, where he met key government officials to discuss ADB’s current country operations, explore options for enhanced service delivery, and reaffirm ADB’s support in the current challenging environment.

ADB expands cooperation with Georgia

The Asian Development Bank’s (ADB) Director General of the Central and West Asia Department, Sean O’Sullivan, met with officials from the Government of Georgiato discuss ADB’s operations in the country.

ADB allocates $1.5 billion to support energy, transport, and urban sectors

The Asian Development Bank (ADB)’s updated business plan for Azerbaijan will allocate around $1.5 billion in loans and technical assistance grants to help the country diversify its economy and promote sustainable, non-oil growth.

ADB allocates $1.5 billion to support energy, transport, and urban sectors

The Asian Development Bank’s updated business plan for Azerbaijan will allocate around $1.5 billion in loans and technical assistance grants to help the country diversify its economy and promote sustainable, non-oil growth. (Photo credit: ADB)

TAPI shareholders agreement signed at ground breaking ceremony

The shareholders of TAPI Pipeline Company Limited have signed the Shareholders Agreement at a groundbreaking ceremony to commemorate the beginning of construction of the Turkmen portion of the planned 1,800 km Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline project.

New ADB research shows design of special economic zones determines success

Special economic zones can be a driving force for increased trade, investment, and economic reform in Asia at a time the region is experiencing a slowdown in trade, provided the right business environments and policies are put in place, says a new Asian Development Bank report.

ADB $1.2 billion grant to support Afghanistan’s energy security

The Asian Development Bank has approved $1.2 billion in grants to reinforce ongoing energy projects in Afghanistan and to provide new funds to boost energy supply, improve power sector efficiency, and promote cross border trade in energy.

INFOGRAPHIC: The Afghanistan Infrastructure Trust Fund

Following changes in Afghanistan in 2014, ADB and other development partners remain committed to support the country's long term development.

TAPI shareholders agreement initialed

he shareholders of TAPI Pipeline Company Limited have agreed on their respective shareholding percentages and initialed the Shareholders Agreement. TAPI Company Limited will build, finance, own and operate the planned 1,600 kilometer Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline.

ADB president calls for CAREC to boost regional cooperation efforts

In his keynote address at the CAREC Ministerial Conference, ADB President Takehiko Nakao said that in the current difficult global economic environment, CAREC countries should further strengthen regional cooperation and integration efforts.