News

World Bank vice president Laura Tuck visits the Kyrgyz Republic

Laura Tuck, World Bank Vice President for Europe and Central Asia, completed her visit to the Kyrgyz Republic. The aim of her visit was to discuss with the country’s leadership the ongoing partnership between the World Bank and the Kyrgyz Republic.

Government of Afghanistan signs $250 million grant with the World Bank to strengthen village–level governance and improve rural infrastructure

A $250 million grant, to finance the on-going third phase of the National Solidarity Program (NSP III) of the government of Afghanistan, was signed between the Ministry of Finance and the World Bank.

ADB approves $48 million loan to boost regional power transmission in Georgia

The Asian Development Bank (ADB) has approved a $48 million loan for a regional power transmission project in Georgia that will build and upgrade power substations to boost Georgia’s ability to export electricity and support growing regional trade in power in the Caucasus.

Trade in Kazakhstan seen rising as ADB, local banks sign trade finance deals

Two local banks in Kazakhstan signed trade finance agreements with the Asian Development Bank (ADB) to boost their lending portfolios to domestic trading companies whose financing were hampered by a series of bank restructurings in the country.

Afghanistan: Afghan road workers learn about HIV/AIDS

An innovative ADB project in Afghanistan introduces safe sex practices in a culturally sensitive manner.

ADB, OFID sign risk-sharing agreement on trade finance program

The Asian Development Bank and the OPEC Fund for International Development signed a risk distribution agreement to support trade in emerging Asian countries under ADB's Trade Finance Program.

CAREC ministers agree on $23 billion action plan to boost Central Asian links

Ministers of the 10 Central Asia Regional Economic Cooperation (CAREC) Program nations have agreed on a plan to implement more than $23 billion in new regional transport infrastructure projects, together with energy and trade initiatives, aimed at creating seamless connectivity and greater prosperity in the region.

Regional energy, connectivity issues to be discussed during CAREC conference

Ministers from 10 countries, including Turkmenistan, will discuss ways to promote regional energy trade and promote greater connectivity during the upcoming 11th Central Asia Regional Economic Cooperation (CAREC) Program’s Ministerial Conference, taking place on 29-31 October in Wuhan, Hubei Province, People’s Republic of China (PRC).

CAREC ministers to gather in People’s Republic of China to chart way forward for the region

Ministers from 10 nations spanning the Caucasus, Central, East, and South Asia will gather on 29-31 October to discuss concrete ways to boost connectivity and cooperation in their region through to 2020.

Afghanistan connects through CAREC road and railway corridors

Trains loaded with cargo have started to roll on Afghanistan’s first railway, part of an expanding transport network in the region, that is moving the country toward its potential as a crossroads for trade and commerce.