News

ADB-funded road program to spur growth, development in West Mongolia

The Asian Development Bank (ADB) has approved a financing facility of up to $170 million for road improvements along a transport corridor in western Mongolia that will help reduce the region's isolation and spur development in one of the country's poorest areas.

Development partners commit to support CAREC 2020

Ministers and senior representatives of development agencies met in Baku, Azerbaijan to discuss support for the new 10-year strategy for the Central Asia Regional Economic Cooperation (CAREC) Program.

Regional cooperation on track as CAREC endorses 10-year strategy

Ministers from the 10-country Central Asia Regional Economic Cooperation (CAREC) Program endorsed CAREC 2020, a framework for intensified regional cooperation that promises to build on the program's first decade of achievement.

CAREC ministers celebrate a decade of cooperation

Next week in Baku, Azerbaijan, ministers from 10 countries spanning the Caucuses, and Central, East and South Asia will gather to mark a decade of achievement, including $17 billion of investments in energy, trade and transportation under the Central Asia Regional Economic Cooperation (CAREC) Program.

ADB-funded Uzbekistan rail project to accelerate regional trade

The Asian Development Bank (ADB) is extending $100 million to upgrade a key railway in Uzbekistan which will stimulate local growth and boost regional trade.

ADB adds $754 million to infrastructure projects in Afghan road and rail sector

The Asian Development Bank (ADB) has approved $754 million in assistance to rebuild Afghanistan's shattered road and rail network, bringing to more than $1.7 billion the amount it has contributed to reconstruction of the country's infrastructure over the past decade.

Afghanistan Joins Tajikistan, Kyrgyz Republic cross-border transport accord

Afghanistan, Kyrgyz Republic and Tajikistan have finalized an agreement that will allow Afghanistan to take part in a cross-border transport accord recently ratified by the two Central Asian countries.

ADB $500 million investment program aids Uzbekistan’s push for increased trade, growth

The Asian Development Bank (ADB) is providing a multitranche financing facility of up to $500 million to help Uzbekistan reconstruct around 230 kilometers of poor quality roads, which will improve road connectivity and safety, and boost trade along a key regional transport corridor linking Asia to Europe.

World Bank supports integration of Southern Kyrgyz Republic

The World Bank’s Board of Directors approved a Second Additional Financing in the amount of $16 million equivalent to support scaling up activities under the on-going National Road Rehabilitation (Osh-Batken-Isfana) Project in the Kyrgyz Republic.

ADB helps improve living vonditions in PRC’s poor northwest

The Asian Development Bank (ADB) is providing a $100 million loan to build new urban infrastructure that will improve living conditions and support the growth of tourism in five remote counties in northwest People's Republic of China.