News

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.

ADB plans $404 million to support Tajikistan’s development from 2020–2022

The Asian Development Bank’s (ADB) updated indicative financial assistance for Tajikistan from 2020–2022 is planned at $404 million that will help address the country’s challenges and emerging needs.

Clean and energy efficient heating initiative for ger area residents gets boost with additional financing from the World Bank

The World Bank Board of Executive Directors approved $12 million in additional financing for the Ulaanbaatar Clean Air Project.

ADB appoints new country director for Georgia

The Asian Development Bank (ADB) has appointed Shane Rosenthal as its new Country Director for Georgia. ADB has supported Georgia since 2007 and is one of the country’s largest multilateral development partners. Sovereign and nonsovereign loans to Georgia to date total about $2.8 billion.

EBRD moves to urban regeneration and sustainable tourism

Urban regeneration, green buildings, and sustainable and inclusive tourism with links to the local economy are the priorities of the EBRD’s new strategy for the property and tourism sector,