News

World Bank continues to support upgrading Georgia’s major transport route

The World Bank Board of Executive Directors a 16.9 million euro equivalent Additional Financing for the East-West Highway Corridor Improvement Project for Georgia. The project’s goals are to reduce road user costs along the corridor section upgraded under the project, and strengthen the capacity of the Roads Department under the Ministry of Regional Development and Infrastructure.

The Caucasus and Central Asia: Time for Decisive Action

The economies in the Caucasus and Central Asia (CCA) are recovering supported by improving economic conditions in their main trading partners, higher commodity prices, and reforms taking hold, according to the International Monetary Fund's (IMF) 2017 CCA Regional Economic Outlook.

New ADB strategy to support inclusive, sustainable growth in Afghanistan

The Asian Development Bank’s (ADB) Board of Directors has endorsed a new 5-year country partnership strategy (CPS) to establish a stronger foundation for sustainable growth and poverty reduction in Afghanistan.

ADB president commits more than $5 billion to support new strategy for CAREC

In his speech at the 16th Ministerial Conference on CAREC, Asian Development Bank (ADB) President Takehiko Nakao announced that ADB will commit more than $5 billion to supporting CAREC 2030 in the next 5 years. This is about a quarter of the total ADB financing for projects in CAREC countries except the People’s Republic of China.

ADB VP reaffirms commitment to supporting infrastructure development in Afghanistan

Asian Development Bank (ADB) Vice-President Wencai Zhang met with Afghanistan President Ashraf Ghani and Minister of Finance and ADB Governor Eklil Ahmad Hakimi to discuss ADB’s new Country Partnership Strategy and reaffirm commitment to support the country’s infrastructure development and reform priorities.

ADB $800 million financing to help improve connectivity, trade in Pakistan

The Asian Development Bank’s (ADB) Board of Directors has approved a $800 million multitranche financing facility to help enhance regional connectivity and trade in the CAREC corridors in Pakistan. The investment program will expand Pakistan’s regional connectivity links while helping to improve road traffic efficiency

ADB provides additional funding to improve roads, highways in Afghanistan

The Asian Development Bank’s (ADB) Board of Directors has approved an additional $30 million grant to further improve maintenance works on sections of Afghanistan’s regional highways and road networks in a bid to enhance the sustainability of the country’s transport sector.

New ADB–Kazakhstan Strategy to support sustainable growth, economic diversification

The Asian Development Bank’s (ADB) Board of Directors has endorsed a new country partnership strategy (CPS) for Kazakhstan, expected to deliver more than $3 billion in assistance through 2021 to help the country diversify its economy, achieve inclusive development, and promote sustainable growth.

What [People’s Republic of] China’s ‘Belt and Road Initiative’ means for the Western Balkans

The European Bank for Reconstruction and Development has commissioned an independent report on the development of the Balkan Silk Road.

ADB president expresses confidence in future of CAREC Institute

Asian Development Bank (ADB) President Takehiko Nakao expressed confidence in the important role the new intergovernmental organization would play in the development of the CAREC program, as regional cooperation efforts among member countries enter a new phase.