News

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.

ADB grant to support tourism development in Tajikistan

The Asian Development Bank (ADB) has approved a $10 million grant to help Tajikistan develop tourism in the country. The project is ADB’s first tourism sector operation in Tajikistan.

ADB to help construct, improve part of Georgia’s East–West Highway

The Asian Development Bank (ADB) has approved a $278 million loan (in euro equivalent) to construct and rehabilitate about 30 kilometers of main and secondary roads between the towns of Shorapani and Argveta on Georgia’s East–West Highway, one of the country’s main trade and transport networks.

Azerbaijan joins EBRD donor community

A $2 million grant contribution from the Ministry of the Economy of Azerbaijan will support European Bank for Reconstruction and Development (EBRD) projects in a wide range of sectors to help diversify the country’s economy, promote the development of private businesses outside the oil sector, enhance innovation and boost exports.

Kazakhstan farmers to become key players in regional meat exports

The World Bank and the Ministry of Agriculture of the Republic of Kazakhstan publicly discussed the details of the proposed Sustainable Livestock Development Project aimed at facilitating the development of an environmentally sustainable, inclusive, and competitive livestock sector in Kazakhstan.