News

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.

Better trade facilitation could reduce trade costs in Asia by up to 9% annually — report

Improved trade facilitation — the simplification, modernization, and harmonization of export and import processes — can reduce trade costs by up to 9% in Asia and the Pacific, according to a new joint report by the Asian Development Bank and the United Nations Economic and Social Commission for Asia and the Pacific.

CAREC countries advance regional road safety strategy

Lead engineers and senior transport officials from member countries of the CAREC Program committed to accelerate the implementation of road safety initiatives at a meeting in Dushanbe, Tajikistan.

ADB to provide $180 million to help improve railway safety in PRC

he Asian Development Bank’s (ADB) Board of Directors has approved a $180 million loan to help the government build a safer, more reliable, and more efficient rail transport system in the mountainous southwest region of the People’s Republic of China (PRC).

ADB appoints new country director for Afghanistan

The Asian Development Bank (ADB) has appointed Samuel Tumiwa as new Country Director for Afghanistan.