News

New railway line to shorten travel time to Inner Mongolia

The World Bank Board of Executive Directors approved a loan of $200 million to the People’s Republic of China to help finance construction of the ZhangHu Railway to improve accessibility and mobility of China’s Inner Mongolia Autonomous Region.

ADB and Uzbekistan sign loan agreements worth $508 million

The President of the Asian Development Bank Haruhiko Kuroda signed loan agreements on rural housing, railway electrification, electricity metering, and water supply and sanitation for a total amount of $508 million.

ADB helps Uzbekistan establish solar energy institute

The International Solar Energy Institute is envisioned to become an internationally recognized source of expertise for solar energy education, training and technology. Its applied research will bring innovation, promote technology transfer and spur efficient and economic solar technology use

ADB-funded road program to spur growth, development in West Mongolia

The Asian Development Bank (ADB) has approved a financing facility of up to $170 million for road improvements along a transport corridor in western Mongolia that will help reduce the region's isolation and spur development in one of the country's poorest areas.

Development partners commit to support CAREC 2020

Ministers and senior representatives of development agencies met in Baku, Azerbaijan to discuss support for the new 10-year strategy for the Central Asia Regional Economic Cooperation (CAREC) Program.

Regional cooperation on track as CAREC endorses 10-year strategy

Ministers from the 10-country Central Asia Regional Economic Cooperation (CAREC) Program endorsed CAREC 2020, a framework for intensified regional cooperation that promises to build on the program's first decade of achievement.

ADB, EBRD strengthen ties in Caucasus and Central Asia

The Asian Development Bank (ADB) and the European Bank for Reconstruction and Development (EBRD) have agreed to work more closely on a range of projects to build capacity and promote public private partnerships across the Caucasus and Central Asia.

CAREC ministers celebrate a decade of cooperation

Next week in Baku, Azerbaijan, ministers from 10 countries spanning the Caucuses, and Central, East and South Asia will gather to mark a decade of achievement, including $17 billion of investments in energy, trade and transportation under the Central Asia Regional Economic Cooperation (CAREC) Program.

EBRD and Kazakhstan support emergency response for oil and gas operations

The European Bank for Reconstruction and Development has teamed up with Kazakhstan’s Ministry for Emergency Situations with an agreement to develop large-scale emergency response capacity for offshore oil & gas projects, modernize crisis management centers, and develop effective international emergency coordination.

ADB-funded Uzbekistan rail project to accelerate regional trade

The Asian Development Bank (ADB) is extending $100 million to upgrade a key railway in Uzbekistan which will stimulate local growth and boost regional trade.