News

Central Asian cooperation stands at crossroads of new era

As a connecting link between Europe and East Asia, Central Asia is set to reap the benefits of burgeoning trade between the two economic giants.

Kazakhstan launches energy efficiency project

The Ministry of Investments and Development jointly with the World Bank officially launched the Kazakhstan Energy Efficiency Project to improve the energy efficiency in public and social facilities and to create the enabling environment for sustainable energy efficiency financing.

Energy efficiency finance focus of EBRD conference in Istanbul

When world leaders meet for the UNFCCC Conference of the Parties climate summit in December this year in Paris, energy efficiency will feature prominently as part of the global response to climate change.

ADB, DFID provide funding for Pakistan economic corridor

The Asian Development Bank (ADB) and the Department for International Development (DFID) of the United Kingdom will cofinance the $327 million cost of the 59 kilometer Hassanabdal - Havelian Expressway (E-35) project.

ADB to help Pakistan advance inclusive growth in new 2015-2019 partnership

The Asian Development Bank has approved a new country partnership strategy with Pakistan for 2015-2019 with a provisional assistance package of at least $1.2 billion a year on average, which will focus on infrastructure upgrades and institutional reforms.

ADB, EBRD, and BSTDB cofinance landmark offshore gas field in Azerbaijan

The Asian Development Bank and the European Bank for Reconstruction and Development, with the participation of the Black Sea Trade and Development Bank, are arranging a financing package of $1 billion for a landmark offshore natural gas field project in Azerbaijan, Shah Deniz stage II, that is crucial for energy security and a common gas market in Europe.

TAPI steering committee endorses Turkmengaz as consortium leader for gas pipeline project

The TAPI Steering Committee has unanimously endorsed State Concern “Turkmengas” as the consortium leader of TAPI Pipeline Company Limited to spearhead efforts to build, finance, own and operate the planned 1,600 kilometer Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline

EBRD approves new strategy for Tajikistan

The European Bank for Reconstruction and Development (EBRD) has approved a new country strategy which will guide its work in Tajikistan in the next four years.

EBRD invests in energy reform and transmission system upgrade in Tajikistan

The EBRD is providing a $110 million loan to national power utility of Tajikistan, Barki Tojik to finance construction of the power converter station and related infrastructure in Tajikistan, as part of the high-voltage transmission line project Central Asia South Asia Electricity Transmission and Trade, otherwise known as CASA-1000.

EBRD moves to new address in Astana, Kazakhstan

The EBRD’s team in Astana, the capital of Kazakhstan, has moved to new offices, which highlights growing EBRD investment in the country.