News

EBRD investment in renewal energy in Mongolia

The EBRD is promoting the development of renewable energy in Mongolia with a $700,000 equity investment in the first wind farm project in the country. About 60 wind turbines with a total capacity of 50MW are planned to be installed on the Salkhit Mountain, 70 km outside the capital Ulaanbaatar.

ADB approves $1 billion in funding to support landmark rail program in PRC

The People's Republic of China (PRC) is to receive up to $1 billion from the Asian Development Bank (ADB) in a landmark program to support cleaner, safer and more energy efficient railway services in poor southwest regions of the country.

Poor road safety conditions threaten economic and social well-being of Europe and Central Asia countries

Unsafe road traffic conditions in the countries of Europe and Central Asia have tremendous adverse implications for their economic and social well-being, says a World Bank report.

Asia-Pacific must invest up to $9.7 trillion by 2030 to meet energy needs

The Asia and Pacific region must invest between $7 trillion and $9.7 trillion in the energy sector from 2005 to 2030 to meet the rapidly growing demand for energy in the region, according to a new report released by the Asian Development Bank.

ADB officials in Central Asia to promote trade finance program

Private sector officials from the Asian Development Bank today completed a visit to Azerbaijan, Mongolia and Uzbekistan as part of ADB's push to expand its Trade Finance Facilitation Program throughout Central Asia.

Central Asian governments endorse plans to boost integration, trade

Ministers at the 8th Ministerial Conference on Central Asia Regional Economic Cooperation (CAREC) endorsed two major plans to advance cooperation in the region's transport, trade and energy sectors.

ADB president calls for more investment, cooperation, to Improve CAREC trade logistics system

Efficient and cost-competitive transportation and logistics services will help governments in the Central Asia Regional Economic Cooperation (CAREC) region stimulate economic activity and promote social and political cohesion, Asian Development Bank (ADB) President Haruhiko Kuroda said.

Central Asian nations gather in Ulaanbaatar for 8th CAREC Ministerial Meeting

Ministers from across Central Asia are gathering in Ulaanbaatar, Mongolia, for a major annual conference aimed at building transport and energy infrastructure, simplifying border and trade arrangements, and fostering closer cooperation among countries in the region.

Launch of Atyrau–Aktau road in Kazakhstan

The first section of the Atyrau-Aktau road in Kazakhstan, reconstructed with the support of the EBRD, was inaugurated in Atyrau, the center of the country’s oil and gas industry.

ADB-funded railway to help Afghanistan improve regional links, boost growth

Afghanistan's push to develop reliable, safer, sustainable transport systems that boost growth, and increase connectivity with neighboring countries are getting support from a $165 million Asian Development Bank (ADB) grant.