News

ADB’s $30 million loan to M-KAT Green opens new clean energy pathway in Kazakhstan

The Asian Development Bank (ADB) has signed an agreement for a $30.5 million loan in tenge equivalent to M-KAT Green LLP—a special purpose vehicle created for the project—to build and operate a solar plant to ease power supply shortages and boost the share of renewable sources in the country’s energy mix.

CAREC senior officials and partners discuss progress of 2030 strategy

The high-level meeting serves as a platform to discuss important issues of regional relevance and prepare the agenda for the 18th CAREC Ministerial Conference to be held in Tashkent in November this year.

Tashkent hosts a meeting of the Advisory Board of the Institute of CAREC

The meeting in Tashkent discussed the issue of the feasibility of early and large-scale investments in climate change mitigation and adaptation, which is considered as the most effective way to reduce future costs in the public interest.

ADB Vice-President Shixin Chen reaffirms commitment to Tajikistan’s development

ADB Vice-President Shixin Chen reiterated ADB’s support for Tajikistan’s development priorities through the country partnership strategy and national development programs.

ADB private sector deal to promote solar power in Afghanistan

The Asian Development Bank (ADB) has signed a $4 million loan with a special purpose vehicle and subsidiaries owned by the 77 Construction, Contracting, and Trading Group (77 Group), an international civil works contracting firm headquartered in Turkey, to help build a 15.1 megawatt solar power plant and promote the development of renewable energy in Afghanistan.

ADB Vice-President Shixin Chen meets Kazakhstan Prime Minister, reaffirms commitment to country partnership

Asian Development Bank (ADB) Vice-President Shixin Chen reaffirmed ADB’s commitment to further strengthen its partnership with Kazakhstan on his visit to the country from 14 to 18 May.

EBRD approves new strategy for Azerbaijan

The European Bank for Reconstruction and Development (EBRD) has approved a new strategy for Azerbaijan which will guide EBRD’s investments and policy work in the country for the next five years.

#EBRDmore: Doing more in Central Asia

A record level of business in Uzbekistan in a single year, continued support for renewable projects in Kazakhstan and the launch of the EBRD Green Cities programme in Mongolia – these are just a few examples of the EBRD’s successful work in Central Asia in 2018.

ADB, UNDP renew agreement to accelerate progress towards sustainable development

The Asian Development Bank (ADB) and United Nations Development Programme (UNDP) signed a five-year memorandum of understanding today to accelerate progress towards sustainable development in Asia and the Pacific.

Infrastructure development key to Afghanistan’s growth — ADB

Focusing on infrastructure development will help bring about long-term growth in Afghanistan and address persistent issues affecting the country’s economic prospects, apart from security, including poor connectivity, poor access to limited energy supply, and low agriculture productivity, says a new Asian Development Bank (ADB) report.