News

EBRD lends 30 billion tenge to Kazakhstan’s national railway company

The European Bank for Reconstruction and Development (EBRD) is stepping up its efforts to support the private sector in Kazakhstan by providing a financing package equivalent to $30 million for one of the largest private railway operators in the country, Eastcomtrans LLP.

ADB, Azerbaijan partnership to promote new economic opportunities and inclusive growth

The Asian Development Bank (ADB) and the Government of Azerbaijan have agreed to a country partnership strategy for 2014-2018 to help diversify the economy and foster new economic opportunities, promote inclusive growth, and reduce urban-rural disparities.

ADB president reaffirms support for Pakistan’s development and flood reconstruction

Asian Development Bank (ADB) President Takehiko Nakao met with Pakistan Prime Minister Mian Muhammad Nawaz Sharif to discuss ADB’s partnership with Pakistan and the country’s development opportunities.

EBRD invests in hydropower in Tajikistan

Harnessing the potential of hydropower has, for decades, been behind the construction of hydroelectric power plants in the EBRD region. This was especially true in Central Asia where the annual thaw in the Pamir and Tian Shan mountains was the spur for major projects in Soviet times.

ADB operations in Tajikistan ‘successful’ but more attention needed for inclusion and sustainability

The Asian Development Bank (ADB) needs to spur inclusion and sustainability in designing future development support in Tajikistan, says a new report by the Asian Development Bank’s (ADB) Independent Evaluation Department.

EBRD and Demirbank to boost energy efficiency in Azerbaijan

The European Bank for Reconstruction and Development (EBRD) is lending $5 million to Demirbank to finance energy efficiency projects in the country. The facility will be used for on-lending to qualifying corporate and individual customers for industrial and residential energy efficiency projects and equipment.

US Treasury awards ADB for landmark Afghan railway project

The Asian Development Bank has received a US Department of Treasury award for a pioneering rail project in Afghanistan that is providing a cross-border trade link crucial to the country’s post-conflict economy.

ADB loan to give Uzbekistan power plant new lease of life

The Asian Development Bank has approved a $300 million loan to upgrade Uzbekistan’s Takhiatash thermal power plant to meet rising electricity demand in the west of the fast-growing Central Asian country.

More than 45,000 households in Georgia will directly benefit from road improvements

The World Bank Board of Executive Directors approved an IBRD loan in the amount of $75 million to Georgia for the Third Secondary and Local Roads Project . The project builds on the ongoing Second Secondary and Local Roads project and complements other projects funded by the World Bank in the road sector.

World Bank Group launches new partnership strategy for Tajikistan

The World Bank’s Board of Executive Directors discussed a new Country Partnership Strategy For Tajikistan that will guide the support of the World Bank and International Finance Corporation to the country in 2015-2018.