News

KICB and EBRD support private Kyrgyz chain of petrol stations

The Kyrgyz Investment and Credit Bank (KICB) and the European Bank for Reconstruction and Development (EBRD) are continuing to support medium-sized private companies in the Kyrgyz Republic through a special joint-financing mechanism which makes it possible to offer larger and longer-term financing.

Tajikistan and EBRD agree to work on energy reform

The Government of Tajikistan and the EBRD signed a Memorandum of Understanding (MoU) detailing the reform agenda which is the precondition to the financing of the landmark regional electricity transmission project, known as CASA 1000.

ADB provides $197 million to develop highway in Balochistan

The Asian Development Bank (ADB) and the Government of Pakistan signed a $197 million loan to upgrade a national highway in Balochistan province.

ADB, Azerbaijan sign a $1 billion MOU to upgrade power distribution network

The Asian Development Bank (ADB) and Government of Azerbaijan have signed a Memorandum of Understanding for a $1 billion investment program to rehabilitate and expand the country’s power distribution network.

Logistics centers can become hubs of freight activity in PRC

Market-based logistics centers linking rails, flights, ships and other modes of transportation can facilitate the storage, handling, and movement of the People's Republic of China’s (PRC's) containerized freight, more effectively connecting PRC’s local markets with the rest of the world, according to a new World Bank research paper.

World Bank country manager for Tajikistan visits projects in Sughd Oblast

World Bank Country Manager for Tajikistan Patricia Veevers-Carter visited the northern Sughd Oblast of Tajikistan to discuss with local authorities and beneficiaries the progress of the World Bank Group financed projects in agriculture, health, education, social protection, transportation and private sector development.

ADB annual meeting in Baku to focus on partnership for development

About 3,000 government officials, business leaders, investors, journalists, and representatives from civil society will gather on 2-5 May at the Heydar Aliyev Center in Baku, Azerbaijan, for the Asian Development Bank’s (ADB) 48th Annual Meeting of its Board of Governors.

PRC to improve rural roads and highway management with help from World Bank

Hundreds of thousands of people in Western People's Republic of China (PRC) will benefit from better rural roads and highway management with $300 million in loans approved by the World Bank Group’s Board of Executive Directors.

IFC, ADB, EBRD, Tata Power, and Clean Energy help Georgia achieve energy self-sufficiency

The International Finance Corporation, a member of the World Bank Group, the Asian Development Bank, and the European Bank for Reconstruction and Development are helping Georgia tap its hydropower potential and achieve energy self-sufficiency by investing in the construction and operation of the Shuakhevi hydropower plant.

World Bank continues to support better roads in Georgia

The World Bank Board of Executive Directors approved an International Bank for Reconstruction and Development loan in the amount of $40 million to Georgia for the Secondary Road Asset Management Project.