News

New ADB strategy to support inclusive, sustainable growth in Afghanistan

The Asian Development Bank’s (ADB) Board of Directors has endorsed a new 5-year country partnership strategy (CPS) to establish a stronger foundation for sustainable growth and poverty reduction in Afghanistan.

ADB president commits more than $5 billion to support new strategy for CAREC

In his speech at the 16th Ministerial Conference on CAREC, Asian Development Bank (ADB) President Takehiko Nakao announced that ADB will commit more than $5 billion to supporting CAREC 2030 in the next 5 years. This is about a quarter of the total ADB financing for projects in CAREC countries except the People’s Republic of China.

ADB $800 million financing to help improve connectivity, trade in Pakistan

The Asian Development Bank’s (ADB) Board of Directors has approved a $800 million multitranche financing facility to help enhance regional connectivity and trade in the CAREC corridors in Pakistan. The investment program will expand Pakistan’s regional connectivity links while helping to improve road traffic efficiency

New ADB–Kazakhstan Strategy to support sustainable growth, economic diversification

The Asian Development Bank’s (ADB) Board of Directors has endorsed a new country partnership strategy (CPS) for Kazakhstan, expected to deliver more than $3 billion in assistance through 2021 to help the country diversify its economy, achieve inclusive development, and promote sustainable growth.

What [People’s Republic of] China’s ‘Belt and Road Initiative’ means for the Western Balkans

The European Bank for Reconstruction and Development has commissioned an independent report on the development of the Balkan Silk Road.

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.