News

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.

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 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.

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.

New regional energy strategy maps path to secure energy future for CAREC region

Ministers from the 11 members of the CAREC Program have endorsed a new long-term strategy to improve energy security, increase investment, and improve the sustainability of energy systems in the region, setting it on a path toward achieving a secure energy future.

ADB President confirms support for expanded agenda of CAREC at 18th Ministerial Conference

In his remarks, Asian Development Bank (ADB) President Takehiko Nakao emphasized ADB’s support for CAREC member countries and its ongoing commitment to regional cooperation and integration

ADB, Kyrgyz Republic sign agreement to complete Uch-Kurgan hydropower plant upgrade

The Asian Development Bank and the Government of the Kyrgyz Republic have signed a $100 million financing package to modernize aging equipment and improve power generation capacity at the Uch-Kurgan hydropower plant.

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.