News

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.

ADB to help modernize Uzbekistan’s railway fleet, improve services

The Asian Development Bank (ADB) has approved a $170 million loan to help improve Uzbekistan’s railway fleet through the procurement of 24 state-of-the-art electric locomotives.

ADB private sector deal to promote solar power in Afghanistan

The Asian Development Bank (ADB) has signed a $4 million loan with a special purpose vehicle and subsidiaries owned by the 77 Construction, Contracting, and Trading Group (77 Group), an international civil works contracting firm headquartered in Turkey, to help build a 15.1 megawatt solar power plant and promote the development of renewable energy in Afghanistan.

ADB Vice-President Shixin Chen meets Kazakhstan Prime Minister, reaffirms commitment to country partnership

Asian Development Bank (ADB) Vice-President Shixin Chen reaffirmed ADB’s commitment to further strengthen its partnership with Kazakhstan on his visit to the country from 14 to 18 May.

Pakistan proposes CAREC single-visa to exploit tourism potential

Pakistan sought introduction of a single tourist visa for all member states of the CAREC Program as well as a unified marketing strategy for efficient and cost-effective development and promotion of interlinked tourist attractions and facilities in the bloc.