News

Better trade facilitation could reduce trade costs in Asia by up to 9% annually — report

Improved trade facilitation — the simplification, modernization, and harmonization of export and import processes — can reduce trade costs by up to 9% in Asia and the Pacific, according to a new joint report by the Asian Development Bank and the United Nations Economic and Social Commission for Asia and the Pacific.

ADB VP reaffirms support to Kazakhstan, regional cooperation

Asian Development Bank (ADB) Vice-President Wencai Zhang is on a 4-day visit in Astana where he has held talks with senior officials of the Government of Kazakhstan about ADB’s new 2017-2021 Country Partnership Strategy

ADB supports new Bamyan road to boost connectivity in Afghanistan

The road will boost Afghanistan’s transport network, widen economic and social opportunities, and connect remote areas to the country’s center.

Growth accelerates in Europe and Central Asia as World Bank calls for more trade benefiting more people

Economic growth in Europe and Central Asia (ECA) will accelerate slightly in 2017, following the stabilization of oil prices, benefitting the eastern half of the region, and a continued recovery in the western half of the region.

EBRD, EU, and TBC Bank to help Georgia companies grasp new trade opportunities

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are expanding their joint program with TBC Bank to support the development of small and medium-sized enterprises in Georgia by adopting EU standards to make them more competitive on international markets.

CAREC aviation officials discuss regional air cooperation

Aviation officials and airline representatives from 11 member countries of the CAREC Program met in Singapore to discuss potential for enhanced regional air transport connectivity and cooperation.

EBRD donors support infrastructure improvements and economic integration

The European Bank for Reconstruction and Development (EBRD) supports investments into modern energy connections and transport infrastructure from the Western Balkans to Central Asia and the southern and eastern Mediterranean. Furthermore, EBRD has designed several financial instruments to support cross-border trade.

ADB investment in Batumi bypass to improve logistics, transport in Georgia

The Asian Development Bank (ADB) has approved a $114 million loan to help improve regional connectivity and road transport efficiency in Georgia, while strengthening the country’s bid to become a regional transport and logistics hub.

World Bank project aims to help Mongolia diversify exports

The Mongolia Ministry of Finance and the World Bank launched the Export Development Project aimed to help small- and medium-sized enterprises in non-minerals sectors strengthen their export capabilities and boost their access to export markets.

EBRD president concludes visit to Uzbekistan

The European Bank for Reconstruction and Development (EBRD) has signed an agreement with the government of Uzbekistan to explore ways of increasing its investment activity in the country