News

ADB extends $45 million for power sector improvements in Kyrgyz Republic

The Kyrgyz Republic is getting financial assistance of nearly $45 million from the Asian Development Bank (ADB) to help turnaround a power sector hampered by inefficiencies and losses.

Kazakhstan to get $800 million from ADB to improve roads, boost regional trade

The Asian Development Bank (ADB) is extending a loan facility of up to $800 million to Kazakhstan to upgrade roads and boost transit trade along a key Central Asia transport corridor.

World Bank supports reconstruction of Pakistan’s Karachi Port

The World Bank’s Board of Directors endorsed the $115.8 million Karachi Port Improvement Project. The financing will help reconstruct the country’s largest port to relieve the capacity constraints and strengthen shipping revenues for the Pakistan economy.

ADB $122 million grant to bolster Tajikistan’s energy security, trade

The Asian Development Bank (ADB) is extending a $122 million grant to expand and modernize Tajikistan's electricity transmission system, which will help it boost energy trading with neighboring countries to meet winter shortages.

World Bank helps improve roads in Azerbaijan

The World Bank approved a $70 million equivalent IDA Credit and a $171.6 million IBRD Loan to the Republic of Azerbaijan for the Third Highway Project. This project will improve safety and efficiency of the Baku – Shamakhi road by upgrading it from two to four lanes, and will strengthen management of the nascent motorway network.

$150 million to help Inner Mongolia install efficient, cleaner heating

The Asian Development Bank (ADB) will extend a $150 million loan to help the Inner Mongolia Autonomous Region of the People's Republic of China (PRC) improve its aging coal-fired heating systems, making them more energy efficient and less polluting.

Public-private partnerships can unlock Central Asia’s vast potential – ADB

Public-private partnerships can play a vital role in unlocking Central Asia's vast economic potential, senior officials at the Asian Development Bank (ADB) told a business forum.

Public-Private Partnerships Can Unlock Central Asia’s Vast Potential – ADB

Public-private partnerships can play a vital role in unlocking Central Asia's vast economic potential, senior officials at the Asian Development Bank (ADB) told a business forum.

ADB allocates more funds for Afghanistan reconstruction

The Asian Development Bank (ADB) will provide more grant funds to Afghanistan to support essential reconstruction work and economic development.

World Bank Group holds consultations with the Central Asian region on future energy strategy

The World Bank Group held consultations in Central Asia to gather input for a new energy sector strategy, which is expected to be completed in early 2011.