News

World Bank supports integrated district heating project to improve air quality for 2.3 million Urumqi residents

The World Bank Board approved a $100 million loan to help two districts in Urumqi with access to more energy efficient and environmental friendly district heating services.

EBRD extends trade finance facility to VTB Kazakhstan

The European Bank for Reconstruction and Development (EBRD) is stepping up its support to Kazakhstan’s exporters and importers with a new $20 million trade finance guarantee facility to VTB Kazakhstan, a subsidiary of OJSC Bank VTB of Russia, to facilitate the financing of foreign trade at a time when lending to the real economy remains limited.

ADB signs first trade finance agreements in Georgia

The Asian Development Bank signed trade finance agreements with Bank of Georgia and TBC Bank that are expected to bolster the trade sector and Georgia's role as a strategic hub between Europe and Asia.

EBRD finances two district heating networks in Kazakhstan

The European Bank for Reconstruction and Development (EBRD) is providing JSC Central-Asian Electric Power Corporation (CAEPCO) with a facility which will support the modernization of district heating networks resulting in better and more efficient services for the people of northern Kazakhstan.

Japan first donor to infrastructure reconstruction fund for Afghanistan

The Government of Japan has become the first donor country to contribute to a new Asian Development Bank (ADB) administered fund that aims to help rebuild roads and other vital infrastructure in Afghanistan.

Turkmenistan gets first ADB loan for regional rail link

The Asian Development Bank (ADB) is providing $125 million in its first ever loan to Turkmenistan for a rail link that will expand economic opportunities at home and support increased trade in Central Asia and beyond.

World Bank financing to help over 4 million Uzbekistan citizens get improved electricity supply

More than 4 million residential and business consumers of electricity in the South-Western part of Uzbekistan will have better access to reliable electricity supply thanks to World Bank financing.

EBRD extends energy efficiency investments in Kazakhstan

The European Bank for Reconstruction and Development is helping to modernize Kazakhstan’s energy generation network with a senior secured loan of 3.1 billion Kazakh tenge (equivalent to €15 million) to AES Sogrinsk CHP power plant.

ADB provides $340 million to complete Afghan Ring Road

The Asian Development Bank (ADB) and Afghanistan's Minister of Finance signed two agreements totaling more than $340 million that will lead to the completion of Afghanistan's vital Ring Road and to improvements in the power sector.

ADB lays groundwork for easier border crossing in Central Asia

The Asian Development Bank (ADB) has approved a technical assistance grant for a feasibility study for the upgrading and modernization of border crossing points in Central Asia.