News

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,

ADB starts second eco-tourism project for Mongolia’s national parks

The Asian Development Bank (ADB) and the Government of Mongolia wrapped up one successful eco-tourism project and embarked on a second project aimed to help Mongolia benefit from a boom in domestic and overseas tourists while safeguarding the environment.

Mongolia, ADB sign projects to spur trade, improve hospital services, and upgrade roads

The Asian Development Bank (ADB) and the Government of Mongolia signed loan agreements totaling $103 million for projects that will upgrade border crossing points, complete a district demonstration hospital, and scale up road rehabilitation efforts in the country.

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.