News

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.

Energy efficiency financing and delivery mechanisms in Kazakhstan

Options for developing and implementing energy efficiency financing and delivery mechanisms in Kazakhstan have been extensively discussed at the high-level conference organized by the Ministry of Industry and New Technologies jointly with JSC “Institute for the Development of Electricity and Energy Saving” and the World Bank.

ADB project helps Tajikistan maintain vital link to Uzbekistan

The soon-to-be-completed road from Dushanbe’s Western Gate to the Uzbekistan border will provide a vital connection between Tajikistan and its neighbors and key piece of the Central Asia Regional Economic Cooperation (CAREC) Corridor 3 that spans almost 7,000 kilometers from the Russian Federation in the north to the Persian Gulf in the south.

World Bank supports secure and reliable supply of power in Georgia

The World Bank Group Board of Executive Directors approved a $60 million International Bank for Reconstruction and Development (IBRD) financing for the Transmission Grid Strengthening Project for Georgia.

World Bank Group launches new country partnership strategy for Georgia

The four-year strategy will guide the World Bank Group’s support to the country in helping end extreme poverty and boost shared prosperity in a sustainable manner.

The CAREC Corridors – Linking the Russian Federation with South Asia and the Middle East

In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets. Corridor 3 connects the Russian Federation to South Asia and the Middle East, running through six of CAREC’s member countries.

Connectivity, regional cooperation key to growth in Central Asia and beyond

Connectivity and regional cooperation remain critical to sustained economic growth, an Asian Development Bank (ADB) seminar heard today. The seminar, Links to Prosperity: Connectivity, Trade and Growth in Developing Asia, took place at ADB’s 47th Annual Meeting of the Board of Governors in Astana.