News

ADB-supported irrigation project to improve Kazakhstan’s agricultural productivity

The Asian Development Bank (ADB) has approved a $249.8 million equivalent loan in local currency (tenge) to the Republican State Enterprise Kazvodkhoz, a state-owned enterprise dealing with water facilities, to help in the rehabilitation and improvement of irrigation networks serving 171,000 hectares of land in four provinces in Kazakhstan.

ADB grant to improve water resources, enhance productivity in Afghanistan

The Asian Development Bank (ADB) has approved a $348.78 million grant to help in the development of water resources in Kandahar province through the expansion of Dahla Dam, the country’s second largest dam.

EBRD offers new financing opportunities for Uzbekistan exporters and importers

The EBRD is providing a boost to domestic importers and exporters in Uzbekistan by opening a limit of up to $20 million under the EBRD’s Trade Facilitation Programme (TFP) to Asaka bank.

EBRD and EU support new tool to boost agricultural lending in Azerbaijan

Banks in Azerbaijan are expected to increase their capacity to lend to local farmers and agricultural firms thanks to a new, innovative tool to evaluate loans in the sector.

ADB to upgrade two new border crossing points in Mongolia to ease Trade

The Asian Development Bank (ADB) has approved a $27 million loan as additional financing to expand the scope of an ongoing cross-border trade facilitation project in Mongolia, which will now include two new border crossing points.

New ADB country strategy to expand trade, drive economic growth in Georgia

The 5-year partnership strategy, from 2019–2023, supports the Government of Georgia’s overall development strategy to increase productivity and reduce poverty through closer economic integration with its neighbors and the rest of the world.

Kazakhstan adopts roadmap on dairy industry standards

Kazakhstan is strengthening its commitment to improving the safety of raw milk and dairy products with the signing of a roadmap in the country’s capital Nur-Sultan that will bring the national dairy industry to the level of the Eurasian Economic Union standards.

EBRD promotes flight safety in Tajikistan

Almost 1.5 million passengers using key airports in Tajikistan annually will enjoy safer flights following air navigation systems upgrades financed by the EBRD.

$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.