News

New ADB country director for Mongolia assumes office

The Asian Development Bank (ADB) has appointed Pavit Ramachandran as its new country director for Mongolia.

ADB, Kyrgyz Republic sign agreement to complete Uch-Kurgan hydropower plant upgrade

The Asian Development Bank and the Government of the Kyrgyz Republic have signed a $100 million financing package to modernize aging equipment and improve power generation capacity at the Uch-Kurgan hydropower plant.

EBRD opens second office in Uzbekistan

The EBRD is expanding its regional presence in Central Asia’s most populated region by opening an office in Andijan, one of the largest municipalities in east Uzbekistan.

Doing Business 2020 records important results in Tajikistan’s emergent reform program to improve the business climate

The World Bank Group’s Doing Business 2020 report has recorded three related reforms in the past year, earning Tajikistan a spot among the world’s top 10 most improved economies for ease of doing business.

Doing Business 2020: Reforms propel Uzbekistan to place among world’s Top 20 business climate improvers

Uzbekistan undertook four key business climate reforms in the past year and earned a spot among the world’s top twenty most improved economies for ease of doing business, according to the World Bank Group’s Doing Business 2020 study.

Georgia ranks 7th in the world for ease of doing business, says latest World Bank Study

For starting a business, for example, Georgia leads alongside with New Zealand in having the lowest number of procedures required, according to the World Bank’s Doing Business 2020 study “Comparing Business Regulation in 190 Economies.”

VP Shixin Chen visits Georgia, reaffirms ADB’s strong development support

Asian Development Bank (ADB) Vice-President Shixin Chen met with the Vice Prime Minister and Minister of Regional Development and Infrastructure Maya Tskitishvili and reaffirmed ADB’s commitment to support Georgia's’s economic and social development during his visit to the country.

EBRD president praises Kazakhstan’s investment potential

In addition to its geographical location at the crossroads of transcontinental trade routes connecting Europe and Asia and being a key component of the Belt and Road Initiative, Kazakhstan also offers an attractive investment climate, abundant resources in renewable energy, and “high quality human capital,” according to EBRD President Suma Chakrabarti.

Kyrgyz Republic president, ADB country director inspect Toktogul Hydropower Plant

Kyrgyz Republic President Sooronbai Jeenbekov, accompanied by Asian Development Bank Country Director Candice McDeigan and the Energy Holding Chairman Aitmamat Nazarov, visited the Toktogul Hydropower Plant to inspect the progress of rehabilitation work on the country’s largest and most important power plant.

World Bank Group supports critical private sector investments in Afghanistan’s energy sector

World Bank Group approved a financing package of 98.8 million consisting of guarantees, a loan, and swaps to support two gas-to-power energy projects in Afghanistan.