News

CAREC 2020: Boosting trade, transport, and energy in Central Asia

Senior officials from the 10 member countries of the Central Asia Regional Economic Cooperation (CAREC) Program, met in Baku, Azerbaijan, and moved towards completing a strategic framework that over the next decade will help further develop regional transport networks, boost regional trade, and help secure reliable, efficient energy.

EBRD finances power transmission in Kazakhstan

The EBRD is helping to modernize the transmission of electricity in Kazakhstan with a loan that will improve energy efficiency in the system and increase electricity transmission capacities.

PRC: 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 supports energy efficiency plan for Kazakh Railways

The European Bank for Reconstruction and Development has teamed up with Kazakhstan’s railway authorities with an accord to promote energy efficiency activities across the country’s railways network.

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.