News

EBRD approves new strategy for Tajikistan

The new strategy sets out the European Bank for Reconstruction and Development's priorities in the country for the period 2020-2025 and addresses issues such as a volatile macroeconomic environment, a challenging business climate and vulnerability to climate change factors.

Uzbekistan enters the next phase of market reforms with renewed support from the World Bank

World Bank Vice President for Europe and Central Asia Cyril Muller welcomed the Government of Uzbekistan’s progress in transforming the economy and pledged the institution’s continued support for further reforms.

EBRD sets new investment record in Uzbekistan

The European Bank for Reconstruction and Development (EBRD) achieved a new record in Uzbekistan in 2019 with an annual investment of $576 million (€517 million) through 13 private and public sector projects.

ADB deal with RG Brands to support women-run businesses in Kazakhstan, Kyrgyz Republic

The Asian Development Bank (ADB) and RG Brands, a leading food and beverage group in Kazakhstan, signed a $20 million loan to modernize operations along the company’s regional distribution chain.

Kazakhstan farmers to become key players in regional meat exports

The World Bank and the Ministry of Agriculture of the Republic of Kazakhstan publicly discussed the details of the proposed Sustainable Livestock Development Project aimed at facilitating the development of an environmentally sustainable, inclusive, and competitive livestock sector in Kazakhstan.

ADB President confirms support for expanded agenda of CAREC at 18th Ministerial Conference

In his remarks, Asian Development Bank (ADB) President Takehiko Nakao emphasized ADB’s support for CAREC member countries and its ongoing commitment to regional cooperation and integration

Doing Business 2020 records important results in Tajikistan’s emergent reform program to improve the business climate

The World Bank Group’s Doing Business 2020 report has recorded three related reforms in the past year, earning Tajikistan a spot among the world’s top 10 most improved economies for ease of doing business.

Doing Business 2020: Reforms propel Uzbekistan to place among world’s Top 20 business climate improvers

Uzbekistan undertook four key business climate reforms in the past year and earned a spot among the world’s top twenty most improved economies for ease of doing business, according to the World Bank Group’s Doing Business 2020 study.

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.

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.