News

World Bank Group supports diversification of Azerbaijan’s gas export markets and security of energy supply for Turkey and Europe

The World Bank’s Board of Executive Directors approved a US$400 million loan for Turkey and a $400 million loan for Azerbaijan for the Trans-Anatolian Natural Gas Pipeline (TANAP) Project.

EBRD adopts new country strategy for Georgia

The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has adopted a new country strategy for Georgia, which reinforces the bank’s commitment to support the country’s economy and sets out the priorities for its activities over the next four years. (Photo credit: EBRD)

EBRD earmarks €200 million for renewables in Kazakhstan

The EBRD Board of Directors has approved a financing framework of up to €200 million. This will be used to finance primarily private renewable energy projects with a total generating capacity of 300 MW within the next five years.

ADB, Kyrgyz Republic sign agreement to complete Toktogul hydropower plant upgrade

The Asian Development Bank (ADB) and the Government of the Kyrgyz Republic have signed the loan agreement for the third and final phase of support to rehabilitate the Toktogul hydropower plant and increase the reliability of the national and regional power systems.

Georgia: The world’s first carbon neutral hydropower project

Georgia’s newest hydroelectric power plant was constructed on the Tergi river, in the Kazbegi region, by JSC Dariali Energy, the majority of which is owned by private investors, with the support of $80 million loan from the European Bank for Reconstruction and Development (EBRD).

EBRD supports Kazakhstan’s Samruk-Energy with €100 million loan

The European Bank for Reconstruction and Development is providing support to the national energy company Samruk-Energy as it embarks on an ambitious program of privatization in line with the strategy of its parent holding, the sovereign wealth fund Samruk-Kazyna. (Photo credit: EBRD)

First EBRD-financed buses arrive in Osh, Kyrgyz Republic

Thirty brand new buses have arrived in Osh, the southern capital of the Kyrgyz Republic. The buses are part of a project financed by the European Bank for Reconstruction and Development (EBRD) that aims to boost safe and accessible public transport services in the city.

ADB supports $1 billion financing to expand Azerbaijan gas field

The Asian Development Bank (ADB) will provide $1 billion in private and public sector assistance to expand Azerbaijan’s Shah Deniz II, one of the world’s largest gas fields.

Road safety for key thoroughfare of Dushanbe, Tajikistan

The European Bank for Reconstruction and Development and road safety organisation Eastern Alliance for Safe and Sustainable Transport are teaming up with other partners for a road safety project in Dushanbe, Tajikistan, where a major international motorway will soon come into operation. (Photo credit: EBRD)

Visiting World Bank vice president reiterated support to Georgia

Cyril Muller, World Bank Vice President for Europe and Central Asia, commended Georgia for its steady economic growth and development priorities, as he concluded his official county visit.