News

IMF approves additional disbursement for Kyrgyz Republic

The Executive Board of the International Monetary Fund (IMF)completed the fifth review of Kyrgyz Republic’s economic performance under the program supported by the Extended Credit Facility (ECF).

ADB power project to boost Afghanistan North-South Link

The Asian Development Bank (ADB) has approved a $159 million grant for a power transmission project to help Afghanistan overcome shortages in key areas and ultimately aid its push to become an exporter of surplus electricity to neighboring countries

ADB to help Uzbekistan build Central Asia’s first solar power plant

The Asian Development Bank (ADB) will provide a loan totaling $110 million for a 100-megawatt solar power plant in Samarkand, Uzbekistan that will promote large scale solar energy development in the country.

ADB to assume transaction advisory role for historic regional gas pipeline

The Asian Development Bank (ADB) has been appointed transaction advisor to help attract a commercial consortium leader of global repute that will build, own and operate the planned 1,800-kilometer Turkmenistan–Afghanistan–Pakistan–India (TAPI) natural gas pipeline.

CAREC to support key new routes to boost regional trade

The 10 members of the Central Asia Regional Economic Cooperation (CAREC) program will develop key new road and rail routes linking Central Asia to People’s Republic of China (PRC) and South Asia between now and 2020 to realize the huge trade potential between the three regions.

ADB president meets Kazakhstan prime minister, attends CAREC conference

The President of the Asian Development Bank (ADB), Takehiko Nakao, is in Astana, Kazakhstan to discuss ADB Annual Meeting preparations with the Government of Kazakhstan and to attend the 12th Ministerial Conference on Central Asia Regional Economic Cooperation (CAREC).

Power swaps can help Asia-Pacific manage daunting future energy needs – report

Cross-border power exchanges can play a central role in helping Asia and the Pacific meet its booming demand for power, which is set to sharply outpace the rest of the world’s over the next two decades, says a comprehensive new report from the Asian Development Bank.

PRC’s Inner Mongolia to upgrade major highway to support trade and tourism

A major highway and rural roads in a remote northern area of the People’s Republic of China (PRC) will be upgraded to support increased movement of goods and people, through a $200 million loan from the Asian Development Bank (ADB).

ADB continues improving road connectivity in Tajikistan

The Asian Development Bank (ADB) has approved a $70 million grant for a project to magnify regional economic cooperation and inclusive growth in Tajikistan by improving key roads, enhancing road safety and maintenance, and promoting local community development.

ADB launches new partnership with the Kyrgyz Republic

The Kyrgyz Republic and the Asian Development Bank (ADB) have agreed on a new Country Partnership Strategy (CPS) for 2013 – 2017 to reduce poverty and advance inclusive economic growth.