News

$500 million loan to Pakistan to boost trade, address deficit, and support economic reforms

The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support the Government of Pakistan’s reforms to improve trade competitiveness and exports as a defense against external shocks and to help finance the country’s trade deficit.

ADB approves $415 million loan to improve Georgia’s North–South road corridor

The Asian Development Bank (ADB) has approved a $415 million loan to Georgia to build a new highway as part of a wider government program to improve the country’s transport network and enhance Georgia as a regional trade and tourism hub.

World Bank welcomes Uzbekistan’s continued reform commitment, increases support

World Bank Vice President for Europe and Central Asia, Cyril Muller, commended the Government of Uzbekistan for accelerating social and economic reforms to improve people’s living standards.

World Bank appoints new country manager for Kazakhstan

Jean-Francois Marteau, a French national, with over 20 years of experience in economic policy implementation and project management, has been appointed the World Bank's new Country Manager in Kazakhstan.

World Bank appoints new country manager for Kazakhstan

Jean-Francois Marteau, a French national, with over 20 years of experience in economic policy implementation and project management, has been appointed the World Bank's new country manager in Kazakhstan.

‘Regional cooperation to be a key theme in ADB’s new country partnership strategy for Pakistan’

A conversation with Safdar Parvez, director, Regional Cooperation and Operations Coordination Division, Central and West Asia Department, Asian Development Bank revolved around the CAREC Program and other regional trade, infrastructure and transport related issues.

New project aims to help improve access to electricity in Tajikistan’s remote regions

To ensure access to electricity for vulnerable communities in Tajikistan’s remotest regions along the western foothills of the Himalayas, the World Bank’s Board of Executive Directors approved the financing of $31.7 million for the Tajikistan Rural Electrification Project.

PRC’s experience with high-speed rail offers lessons for other countries

The People's Republic of China (PRC) has put into operation over 25,000 kilometers of dedicated high-speed railway lines since 2008, far more than the total high-speed lines operating in the rest of the world.

ADB, Pakistan discuss new partnership strategy to drive economic growth

Asian Development Bank (ADB) and the Government of Pakistan held a series of country consultations to formulate a new Country Partnership Strategy, which will guide ADB’s engagement in the country from 2020 to 2024.

World Bank appoints new country director for Afghanistan

The newly appointed World Bank Country Director for Afghanistan, Henry Kerali, a Ugandan national, joined the World Bank in 2003 and has held several leadership positions across the bank, having recently served as the Country Director for Ghana, Liberia, and Sierra Leone in the Africa Region.