News

ADB deal with RG Brands to support women-run businesses in Kazakhstan, Kyrgyz Republic

The Asian Development Bank (ADB) and RG Brands, a leading food and beverage group in Kazakhstan, signed a $20 million loan to modernize operations along the company’s regional distribution chain.

Greening growth in Mongolia

Mongolia’s livestock industry, once the primary engine of the economy, now faces threats from climate change and overgrazing. Without prompt policy action, the national and regional costs will continue to grow, weighing on both economic growth and inequality.

EBRD and partners deepen green finance in Georgia

Intensifying the effort to strengthen Georgia’s energy efficiency, the European Bank for Reconstruction and Development (EBRD) is launching a new Green Economy Financing Facility for the country.

$110 million grant from ADB to construct Obigarm-Nurobod road in Tajikistan

The Asian Development Bank (ADB) has approved a $110 million grant to Tajikistan to construct 30 kilometers (km) of a highway and 30 km of secondary roads between the towns of Obigarm and Nurobod in the northeast of the country.

ADB approves $300 million to reform Pakistan’s energy sector

The Asian Development Bank (ADB) approved a $300 million policy-based loan that will help the Government of Pakistan to address financial sustainability, governance, and energy infrastructure policy constraints in Pakistan’s energy sector.

UPCOMING: Fifth CAREC Railway Working Group Meeting

The Fifth Meeting of the Railway Working Group aims to report on progress made in the TA activities including rail sector assessments and traffic modelling, and to share key concepts and best practices in railway reform.

Masatsugu Asakawa elected ADB President

Masatsugu Asakawa has been unanimously elected President of the Asian Development Bank (ADB) by its Board of Governors.

EBRD to finance additional green buses for Tbilisi

The European Bank for Reconstruction and Development (EBRD) is bringing an additional 200 modern, low-floor buses to Tbilisi in response to the ever-growing demand for public transport in Georgia’s fast-growing capital city.

World Bank supports energy access in Afghanistan

The World Bank’s Board of Executive Directors approved a $52.5 million grant for the Afghanistan Gas Project that will provide sustainable supply of natural gas to independent power producers in Northern Afghanistan.

EBRD and EU support dairy farmers in Tajikistan

The Enhanced Competitiveness of Tajik Agribusinesses Project , through which the The EBRD provides up to €20 million to beneficiaries through local banks and microfinance institutions, while the European Union (EU) complements it with €10 million for technical support, investment grants, and risk sharing.