News

ADB’s $30 million loan to M-KAT Green opens new clean energy pathway in Kazakhstan

The Asian Development Bank (ADB) has signed an agreement for a $30.5 million loan in tenge equivalent to M-KAT Green LLP—a special purpose vehicle created for the project—to build and operate a solar plant to ease power supply shortages and boost the share of renewable sources in the country’s energy mix.

CAREC senior officials and partners discuss progress of 2030 strategy

The high-level meeting serves as a platform to discuss important issues of regional relevance and prepare the agenda for the 18th CAREC Ministerial Conference to be held in Tashkent in November this year.

Tashkent hosts a meeting of the Advisory Board of the Institute of CAREC

The meeting in Tashkent discussed the issue of the feasibility of early and large-scale investments in climate change mitigation and adaptation, which is considered as the most effective way to reduce future costs in the public interest.

ADB, Uzbekistan renew development partnership with new 5-year strategy

The new country partnership strategy, from 2019–2023, supports the Government of Uzbekistan's ongoing reforms to help the economy’s transition towards a more inclusive and market-driven growth path.

ADB’s new 5-year country strategy promotes diversified and inclusive growth in Azerbaijan

ADB’s new Country Partnership Strategy, operational from 2019–2023, will focus on three strategic priorities to support Azerbaijan: boosting private sector development, raising public sector efficiency, as well as improving infrastructure and strengthening human capital.

Improved irrigation, better crops for Khyber Pakhtunkhwa farmers

The World Bank approved $171 million to support agricultural productivity in Khyber Pakhtunkhwa, by improving irrigation, strengthening small farmers’ skills, and supporting farmers to add value to their products.

Grant program to help increase opportunities for Tajikistan’s vulnerable communities

Two projects -- the Rural Economy Development Project and the Socio-Economic Resilience Strengthening Project -- that aim to address fragility risks and increase social resilience in Tajikistan’s vulnerable regions were approved by the World Bank’s Board of Executive Directors.

ADB Vice-President Shixin Chen reaffirms commitment to Tajikistan’s development

ADB Vice-President Shixin Chen reiterated ADB’s support for Tajikistan’s development priorities through the country partnership strategy and national development programs.

CAREC workshop discusses the development of a new economic corridor

The initiative to create a new economic corridor between the cities of Shymkent-Tashkent-Khujand and adjacent areas can expand regional dynamism and promote economic integration in the region, as noted at the workshop of the Central Asian Regional Economic Cooperation Program (CAREC) in which the Asian Development Bank (ADB) serves as the secretariat.

ADB to help transform two national parks in Mongolia as models for sustainable tourism

The Asian Development Bank (ADB) has approved $38 million in loans to develop ecotourism in Khuvsgul Lake National Park and Onon-Balj National Park to serve as models for economically inclusive development and conservation in Mongolia.