News

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.

First energy efficient kindergartens open in Aktau

Three energy efficient kindergartens were opened in Aktau city providing 1500 students and staff with improved heating, water supply and lighting

CAREC countries to discuss new technology and financing for future energy

The second CAREC Energy Investment Forum, which seeks to increase investment in clean energy in the CAREC countries, is jointly organized by the Government of Kazakhstan’s Ministry of Energy and the Asian Development Bank (ADB) within the framework of the EXPO 2017 international exhibition: Future Energy.

Forum highlights new technology and financing for future energy

Officials from the Central Asian Regional Economic Cooperation (CAREC) countries, experts from international financial institutions, and private sector representatives gathered today for a 2-day forum in Astana to discuss financing and leapfrogging technologies for the region to tackle climate change.

ADB, AFD approved over $400 million to accelerate energy reforms in Pakistan

The Asian Development Bank (ADB) and the Agence Francaise de Development (AFD) have approved over $400 million in loans to support Pakistan’s efforts to provide a more reliable and secure energy sector. (Photo credit: ADB)