Donors pledge additional $286 million to ADB infrastructure fund for Afghanistan The governments of Japan, United Kingdom, and the United States will continue their support for improving and maintaining Afghanistan’s key roads, power plants, and other infrastructure by providing an additional $286 million to the Afghanistan Infrastructure Trust Fund.
Multimodal transport to spur economic growth in Central PRC The central province of Anhui in the People’s Republic of China (PRC) will become better connected to coastal industrial hubs with a $200 million loan from the Asian Development Bank (ADB) to improve roads, upgrade the Shuiyang River channel, and build a new intermodal port.
ADB helps to complete the Bishkek-Osh Road a key regional link The Asian Development Bank (ADB) and the Kyrgyz government have signed a financing agreement for the implementation of the reconstruction of a section of the Bishkek-Osh road that will strengthen national and regional connectivity and promote inclusive growth.
New EBRD strategy for Kazakhstan The European Bank for Reconstruction and Development (EBRD) has adopted a new 3-year strategy for its activities in Kazakhstan.
ADB assistance to bring improvements to Ulaanbaatar’s ‘ger’ areas The Asian Development Bank (ADB) will provide $163.7 million for the building of better roads, installation of more effective water supply and sewerage systems, and the provision of heating services in Ulaanbaatar to help upgrade basic urban infrastructure and services in in peri-urban areas of Ulaanbaatar, also known as ger areas, where a majority of the city’s poor residents live.
CAREC to support key new routes to boost regional trade The 10 members of the Central Asia Regional Economic Cooperation (CAREC) program will develop key new road and rail routes linking Central Asia to People’s Republic of China (PRC) and South Asia between now and 2020 to realize the huge trade potential between the three regions.
ADB president meets Kazakhstan prime minister, attends CAREC conference The President of the Asian Development Bank (ADB), Takehiko Nakao, is in Astana, Kazakhstan to discuss ADB Annual Meeting preparations with the Government of Kazakhstan and to attend the 12th Ministerial Conference on Central Asia Regional Economic Cooperation (CAREC).
PRC’s Inner Mongolia to upgrade major highway to support trade and tourism A major highway and rural roads in a remote northern area of the People’s Republic of China (PRC) will be upgraded to support increased movement of goods and people, through a $200 million loan from the Asian Development Bank (ADB).
ADB continues improving road connectivity in Tajikistan The Asian Development Bank (ADB) has approved a $70 million grant for a project to magnify regional economic cooperation and inclusive growth in Tajikistan by improving key roads, enhancing road safety and maintenance, and promoting local community development.
ADB launches new partnership with the Kyrgyz Republic The Kyrgyz Republic and the Asian Development Bank (ADB) have agreed on a new Country Partnership Strategy (CPS) for 2013 – 2017 to reduce poverty and advance inclusive economic growth.
