EBRD deepens cooperation with Kazakhstan Deepening the EBRD’s engagement with Kazakhstan, the bank's new First Vice President Jürgen Rigterink is scheduled to visit the country for meetings with the authorities and businesses, to sign new investment projects, and head a prominent delegation at the Global Challenges Summit in the capital Astana from 17 to 19 May.
ADB helps inaugurate new power distribution network in southwest Kabul The Asian Development Bank (ADB) and the Government of Afghanistan inaugurated a new power distribution network, which will help provide efficient and reliable electricity to around 200,000 people, who previously did not have access to electricity, in the southwest of Kabul.
Opening Remarks at the CAREC High-Level Session on New Opportunities for Regional Cooperation – Wencai Zhang Opening remarks by ADB Vice-President Wencai Zhang at the CAREC High-Level Session on New Opportunities for Regional Cooperation: The Potential of CAREC–BRI Collaboration at the 51st ADB Annual Meeting on 3 May 2018 in Manila, Philippines.
ADB seminar furthers potential of broader CAREC–BRI collaboration CAREC member countries can capitalize on new regional and international development dynamics, including the Belt and Road Initiative (BRI), to strengthen regional infrastructure, boost trade, and reduce poverty, according to participants at a high-level Asian Development Bank (ADB) seminar.
ADB grant to further improve transport connectivity and safety in Tajikistan The Asian Development Bank’s Board of Directors has approved a $90 million grant as additional financing for the rehabilitation of a 40-kilometer section of the Dushanbe and Kurgonteppa road to improve connectivity between two major cities and economic hubs in Tajikistan and enhance the safety of the country’s highway network. (Photo credit: ADB)
ADB provides $260 million to expand power transmission network in Pakistan The agreement is part of the Second Power Transmission Enhancement Investment Program aimed to improve coverage, reliability, transparency, and quality of the power transmission service in Pakistan by expanding the 220-kilovolt transmission network in Sindh and Balochistan provinces, and upgrading the supervisory control and data acquisition (SCADA) and revenue metering systems (RMS) in the country.
Energy, transport lead the way as performance of 2017 ADB-funded projects in Tajikistan remains strong Energy and transport sectors remained the largest recipients of the Asian Development Bank financing in 2017 in Tajikistan, accounting for 48.3% and 31.7%, respectively, of all projects under implementation,
Tajikistan parliament approves ratification of agreement establishment of CAREC Institute Members of Tajikistan’s lower house (Majlisi Namoyandagon) of Parliament (Majlisi Oli) have unanimously endorsed the law on ratification of an agreement on establishment of the Central Asia Regional Economic Cooperation (CAREC) Institute that was signed in the Kyrgyz capital, Bishkek, in 2014.
ADB, Aloqabank partner to support trade in Uzbekistan The Asian Development Bank’s Trade Finance Program and Joint-Stock Commercial Aloqabank signed an agreement to provide loans and support trade in Uzbekistan.
ADB-supported Kyrgyz Republic’s largest hydropower plant achieves key milestone JSC Electric Power Plants, the major state-owned power generation company in the Kyrgyz Republic, announced the award of a turn-key contract for the Asian Development Bank-supported modernization of the Toktogul hydropower plant to a joint venture of GE Hydro (France) and GE Renewables (Switzerland) for $104 million. (Photo credit: ADB)
