News

ADB supports Uzbekistan in harnessing indigenous hydropower resources

The Asian Development Bank (ADB) has approved a $60 million loan to construct hydropower plants capable of adding 25 megawatts capacity, which will help the Government of Uzbekistan achieve its goal of diversifying the country’s energy mix through greater use of clean energy sources and lowering carbon emissions.

ADB to help improve connectivity, road safety in Kazakhstan

The Asian Development Bank (ADB) has approved a $167.02 million loan for a project that will rehabilitate and reconstruct 89 kilometers of road between Aktobe and Kandyagash, which will connect major trade routes in Kazakhstan and improving the country’s connectivity, trade activities, and road safety.

Comprehensive Reforms Can Help Kyrgyz Republic Achieve Faster, More Inclusive Growth — ADB

The Kyrgyz Republic is poised to achieve faster and more inclusive growth over the next decade as the government implements reforms that promote economic diversification, good governance, private sector participation, integration of technology in key economic sectors, and better social protection, says a new Asian Development Bank (ADB) Country Diagnostic Study

EBRD and Green Climate Fund commit up to $6.4 million to finance new solar plant in Kazakhstan

The EBRD, in partnership with the Green Climate Fund (GCF), is stepping up its efforts to support renewables in Kazakhstan with a loan of up to $6.4 million to finance a new 10 MW solar plant in the Zhanakorgan District in southern Kazakhstan.

EBRD and EU help Georgian hydroponic farm expand

Georgia signed an association agreement with the European Union (EU) and established a free trade area with the EU market. This opened up the world’s largest trading block, with its hundreds of millions of consumers, to Georgia’s goods – agricultural produce included.

Communities in rural Tajikistan to gain better access to clean water and sanitation, with World Bank support

Over 400,000 people in rural Tajikistan will gain access to clean drinking water and around 100,000 people, mostly children, will benefit from better sanitation facilities and hygiene training, thanks to the World Bank-financed Rural Water Supply and Sanitation Project, launched today in Bokhtar.

Transport, housing key for Asian cities to continue booming — ADB Report

To remain engines of economic growth and jobs, developing Asia’s burgeoning cities need efficient transport networks and affordable housing backed by effective and coordinated land and economic planning, according to the theme chapter of the Asian Development Outlook 2019 Update released by the Asian Development Bank (ADB).

Asia’s economic outlook dims as trade and investment weaken — ADB

Economic growth in developing Asia remains robust but prospects have further dimmed and risks to the region’s economies are rising as trade and investment weaken, according to Asian Development Outlook 2019 Update, the Asian Development Bank’s (ADB) flagship economic publication.

ADB vice-president reaffirms commitment to Uzbekistan’s development

Asian Development Bank (ADB) Vice-President Diwakar Gupta reiterated ADB’s support for the government’s development and reform agenda during his 2-day visit to Uzbekistan.

CAREC countries move a step closer to regional energy market after historic ministers’ meeting in Uzbekistan

Nine countries in Central and West Asia signed a historic declaration that will accelerate cross-border cooperation on energy issues and move the region a step closer to the creation of a regional energy market.