News

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.

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.