News

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.

Central Asia officials meet to discuss implementation of CAREC Program

Senior officials from the 10 member countries of the Central Asia Regional Economic Cooperation (CAREC) Program met in Almaty to review the implementation of the program aimed to develop regional transport networks, boost regional trade, and secure an efficient, reliable energy supply.

ADB loan revitalizes old Silk Road outpost in PRC’s poor northwest

The Asian Development Bank (ADB) is providing a $100 million loan to revitalize Jiuquan City, a former outpost along the Silk Road located in the under-developed northwestern region in the People's Republic of China (PRC).

World Bank continues to support upgrading Georgia’s major transport route

The World Bank Board of Executive Directors approved today a $75 million equivalent financing for the Fourth East-West Highway Improvement Project (EWHIP4) for Georgia. This is the latest in a series of investments aimed at upgrading the E60 Highway, Georgia’s key transport corridor.

Government of Afghanistan signs $250 million grant with the World Bank to strengthen village–level governance and improve rural infrastructure

A $250 million grant, to finance the on-going third phase of the National Solidarity Program (NSP III) of the government of Afghanistan, was signed between the Ministry of Finance and the World Bank.

Afghanistan: Afghan road workers learn about HIV/AIDS

An innovative ADB project in Afghanistan introduces safe sex practices in a culturally sensitive manner.

CAREC ministers agree on $23 billion action plan to boost Central Asian links

Ministers of the 10 Central Asia Regional Economic Cooperation (CAREC) Program nations have agreed on a plan to implement more than $23 billion in new regional transport infrastructure projects, together with energy and trade initiatives, aimed at creating seamless connectivity and greater prosperity in the region.

Regional energy, connectivity issues to be discussed during CAREC conference

Ministers from 10 countries, including Turkmenistan, will discuss ways to promote regional energy trade and promote greater connectivity during the upcoming 11th Central Asia Regional Economic Cooperation (CAREC) Program’s Ministerial Conference, taking place on 29-31 October in Wuhan, Hubei Province, People’s Republic of China (PRC).