News

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.

Mongolia, ADB sign projects to spur trade, improve hospital services, and upgrade roads

The Asian Development Bank (ADB) and the Government of Mongolia signed loan agreements totaling $103 million for projects that will upgrade border crossing points, complete a district demonstration hospital, and scale up road rehabilitation efforts in the country.

Comprehensive Reforms Can Help Kyrgyz Republic Achieve Faster, More Inclusive Growth — ADB

The Kyrgyz Republic is poised to achieve faster and more inclusive growth over the next decade as the government implements reforms that promote economic diversification, good governance, private sector participation, integration of technology in key economic sectors, and better social protection, says a new Asian Development Bank (ADB) Country Diagnostic Study

Asia’s economic outlook dims as trade and investment weaken — ADB

Economic growth in developing Asia remains robust but prospects have further dimmed and risks to the region’s economies are rising as trade and investment weaken, according to Asian Development Outlook 2019 Update, the Asian Development Bank’s (ADB) flagship economic publication.

New facility to improve ADB’s overall operations in Kyrgyz Republic

The Asian Development Bank (ADB) has approved a $10 million grant for the Multisector Activities Support Facility—the first project using the Small Expenditure Financing Facility modality in ADB. The facility aims to improve the efficiency, sustainability, responsiveness, and readiness of ADB-financed projects and programs in the Kyrgyz Republic.

ADB grant to support reforms aimed at diversifying Kyrgyz Republic’s economy

The Asian Development Bank (ADB) has approved a $50 million policy-based grant for the first subprogram of the Promoting Economic Diversification Program, which supports the Government of the Kyrgyz Republic’s efforts to diversify the economy through reforms aimed at improving the country’s trade and investment competitiveness, small and medium-sized enterprise (SME) development, public–private partnerships, and the link between skills development and industry needs.

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.