News

ADB to help Uzbekistan build efficient and clean power plant

The Asian Development Bank's (ADB) Board of Directors approved financing totaling $350 million to improve energy security and energy efficiency in Uzbekistan.

ADB to provide $600 million to improve key Uzbekistan road corridor

A key highway in Uzbekistan linking the Central Asian country to its neighbors is getting support from a $600 million Asian Development Bank (ADB) multitranche financing facility.

How CAREC stands to build a prosperous Central Asia

Nowadays trade, transport and energy relations play an important role in the regional cooperation and economic development of the countries. Asian Development Bank (ADB) pays serious attention to the regional cooperation.

Kazakhstan’s Rail Sector

The EBRD is providing a $50 million loan to Kaztemirtrans, a subsidiary of the Kazakhstan’s national rail network operator Kazakhstan Temir Zholy (KTZ), to finance the renewal of the company’s rolling stock.

Energy Project scale-up to improve delivery of electricity in Mongolia

The World Bank’s Board of Executive Directors approved a $12 million scale up of a successful Mongolian energy project. The Energy Project, which was first introduced in 2001, was instrumental in improving the financial sustainability of the energy sector by reducing losses and improving revenue collection in Ulaanbaatar and 9 aimag (provincial) centers in Mongolia.

Uzbekistan workshop assesses climate change risk to Energy Sector

In the coming decades, Uzbekistan is projected to face rising average temperatures, increasing risk of heat waves, greater warming in summer months, as well as changing precipitation, leading to more floods and droughts.

Mongolian banks sign up to ADB’s trade finance facilitation program

Top officials from four Mongolian banks signed key trade finance agreements with the Asian Development Bank (ADB) that will help companies in Mongolia to conduct more international trade.

Europe and Central Asia facing energy crunch

The outlook for primary energy supplies, heat, and electricity is questionable for the Eastern Europe and Central Asia region, despite Russia and Central Asia’s current role as a major energy supplier to both Eastern and Western Europe. In spite of the underlying resource base, the region as a whole will face an energy crunch unless investments of more than $3 trillion are made over the next 20 years, according to the new World Bank report.

ADB commends Uzbekistan for promoting Central Asia regional cooperation

Asian Development Bank (ADB) President Haruhiko Kuroda praised Uzbekistan for its strong support for regional cooperation, saying that improved trade and transport links will help Central Asia reap the benefits of its strategic location.

Afghanistan Reconstruction Trust Fund to support the Afghan government’s development agenda with anticipated $2.6 billion over next 3 years

Representatives of donor countries met to discuss one of the main vehicles for international cooperation in Afghanistan: the Afghanistan Reconstruction Trust Fund, administered by the World Bank. Supported by 31 countries, the fund has mobilized over $3.6 billion since it was established in 2002, and has now become the main financing vehicle for Afghan development priorities.