News

EBRD allocates $150 million for infrastructure development in Tajikistan

A $150 million loan by the EBRD will finance the construction of a 44-kilometer stretch of the M41 road, the main transport corridor in the country linking Tajikistan with the Kyrgyz Republic, Kazakhstan, and China.

World Bank continues its support to civil aviation sector reform in Uzbekistan

The Government of Uzbekistan and the World Bank have signed an advisory services agreement for modernizing the country’s civil aviation sector.

Afghanistan Infrastructure Trust Fund holds annual Steering Committee meeting

The Steering Committee of the multi-donor Afghanistan Infrastructure Trust Fund, administered by the Asian Development Bank, held its Annual Meeting to review overall progress and provide strategic direction for efforts to support the government’s infrastructure priorities.

Uzbekistan enters the next phase of market reforms with renewed support from the World Bank

World Bank Vice President for Europe and Central Asia Cyril Muller welcomed the Government of Uzbekistan’s progress in transforming the economy and pledged the institution’s continued support for further reforms.

New ADB President Masatsugu Asakawa assumes office

Masatsugu Asakawa assumes office as the 10th President of the Asian Development Bank (ADB).

EBRD sets new investment record in Uzbekistan

The European Bank for Reconstruction and Development (EBRD) achieved a new record in Uzbekistan in 2019 with an annual investment of $576 million (€517 million) through 13 private and public sector projects.

ADB to step up private sector operations in vulnerable countries, emerging sectors

The Asian Development Bank (ADB) will sharpen the focus of its private sector operations on complex, innovative, smaller, and sometimes riskier projects in challenging markets and sectors, and enhance efforts to address climate change and support women under an operational plan that will guide ADB’s nonsovereign assistance over the next 5 years.

EBRD finances major infrastructure project in Mongolia

Regional integration and international trade between Mongolia, [People's Republic of] China, and Russia will be boosted by the completion of a major infrastructure project supported by the EBRD.

Political instability, disasters hinder agri output: ADB

The ADB in its latest report “Agriculture Development in the Central Asia Regional Economic Cooperation Program Member Countries Review of Trends, Challenges, and Opportunities" maintained that Pakistan has suffered from episodes of political instability and natural disasters that hindered agriculture production in certain regions.

Global Economic Prospects: Europe and Central Asia

Growth in Central Asia is anticipated to slightly moderate to 4.4% following agreed-upon oil production cuts by Kazakhstan.