News

Expanding CAREC takes stock of a decade of cooperation

The Central Asia Regional Economic Cooperation (CAREC) Program is holding its 9th Ministerial Conference (MC) as member countries take stock of a partnership that is laying the groundwork for a truly integrated and globally connected region.

World Bank and Turkmenistan expand collaboration: Memorandum of understanding signed on a project to modernize Turkmenbashi Sea Port

The International Bank for Reconstruction and Development and the Government of Turkmenistan have signed a Memorandum of Understanding to set the framework for collaboration in preparing an investment project which will further develop the port of Turkmenbashi and improve the efficiency of its operations.

World Bank provides additional financing to the National Road Rehabilitation Project in the Kyrgyz Republic

The World Bank’s Board of Directors approved Additional Financing in the total amount of $10 million to support the on-going National Road Rehabilitation (Osh-Batken-Isfana) Project in the Kyrgyz Republic.

World Bank continues to support Pakistan’s productive highway network

The World Bank approved a credit worth $130 million in additional financing for the Pakistan Highway Rehabilitation Project to continue revitalizing and modernizing Pakistan’s highway system.

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.