News

ADB to fund studies, design for Salang Corridor upgrade

The Asian Development Bank (ADB) has approved a $31.37 million grant to prepare the Salang Corridor rehabilitation project to improve the efficiency and safety of movement of goods and people in Afghanistan and across Central Asia. (Photo credit: ADB)

ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

The Asian Development Bank (ADB) has approved a $240.3 million loan to help Kazakhstan modernize its transport system. Improved transport connectivity will help increase trade links between Kazakhstan and the markets in East Asia, the Caspian Sea region, and further to Europe. (Photo credit: ADB)

$810 million ADB loan to help Pakistan address energy shortage

The Asian Development Bank (ADB) has approved an $810 million multi-tranche financing facility to develop Pakistan's power transmission system, to improve the reliability and quality of energy supply, and to meet increasing demand for electricity. (Photo credit: ADB)

ADB approves $750 million loan facility to lift power reliability in Azerbaijan

The Asian Development Bank (ADB) has approved a $750 million multitranche program loan facility to upgrade power distribution networks in Azerbaijan, that will benefit over 1.4 million consumers and give the wider economy a lift by providing more reliable electricity supplies.

In Almaty, sharing knowledge to strengthen energy and water security across Central Asia

In Central Asia, energy and water security are critical to boosting income levels, reducing poverty, and ensuring sustainable development for all citizens across the region. This cannot be achieved, however, without enhanced cooperation at both the national and regional level.

ADB provides Pakistan $100 million for new section of motorway

The Asian Development Bank and the Government of Pakistan signed an agreement for a $100 million loan to build the remaining 64-kilometer section of the motorway (M-4) connecting Shorkot and Khanewal in Punjab province.

ADB approves first cofinancing with AIIB for a Pakistan road project

The Asian Development Bank approved a $100 million loan for a highway project in Pakistan that will mark its first cofinancing with the Asian Infrastructure Investment Bank (AIIB). AIIB will provide a $100 million loan subject to its board approval. The United Kingdom’s Department for International Development (DFID) has also committed a $34 million grant for the project.

World Bank Support will improve transport links, increase access to markets in Kazakhstan

The World Bank Board of Directors approved a $978 million loan to improve transport links along the Kazakhstan Center West Corridor and strengthen the capacity of the local authorities to better manage and preserve roads.

INFOGRAPHIC: The Potential of Intra-regional Trade for South Asia

With intra-regional trade at less than 5% of total trade, South Asia is the least integrated region in the world, dwarfed by East Asia’s 35% and Europe’s 60%.

How China’s Belt and Road Initiative could boost south-eastern Europe

The Belt and Road Initiative to connect China via land and sea with the global economy will eventually encompass three continents, over 65 countries and more than 4 billion people who produce 55 per cent of the world’s gross national product.