News

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.

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.