News

ADB signs two loans with Pakistan to improve urban, transport sectors

The Asian Development Bank (ADB) and the Government of Pakistan signed two loans totaling $380 million for projects to help improve the country’s urban and transport sectors.

Promoting safe and sustainable roads in Tajikistan

Together with the Eastern Alliance for Safe and Sustainable Transport and the Young Generation of Tajikistan, the European Bank for Reconstruction and Development (EBRD) is running a road safety media and public awareness campaign in Dushanbe to promote the use of seat belts and highlight the benefits of eco-driving.

ADB approves $400 million to support Azerbaijan’s rail sector, modernize North–South Railway Corridor

The Asian Development Bank’s (ADB) Board of Directors has approved two loans totaling $400 million to help strengthen Azerbaijan’s railway sector and modernize and rehabilitate the Sumgayit–Yalama rail line, a key link in the North–South Railway Corridor.

ADB provides $330 million to Afghanistan to complete National Ring Road

The Asian Development Bank’s (ADB) Board of Directors has approved $330 million in grant financing to support the completion of Afghanistan's national Ring Road, a vital national strategic corridor and a critical part of the country’s regional integration agenda.

CAREC strategy 2030 launched: ADB to loan $2 billion for two railways projects

Asian Development Bank (ADB) will provide a loan of two billion dollars to Pakistan for the upgrades of two railway projects under the Central Asia Regional Economic Cooperation (CAREC) strategy 2030. (The News International)

VP Zhang visits Georgia, reaffirms ADB’s development support

Asian Development Bank (ADB) Vice-President Wencai Zhang met with the Prime Minister of Georgia Giorgi Kvirikashvili, where he highlighted ADB’s robust and expanding partnership with Georgia and reaffirmed ADB’s commitment to support the country’s economic development.

ADB approves first full country partnership strategy for Turkmenistan

The Asian Development Bank’s (ADB) Board of Directors has endorsed a 5-year Country Partnership Strategy (CPS) for Turkmenistan to support regional cooperation and economic diversification during 2017–2021. This is ADB’s first full CPS with Turkmenistan since the country joined ADB in 2000.

World Bank continues to support upgrading Georgia’s major transport route

The World Bank Board of Executive Directors a 16.9 million euro equivalent Additional Financing for the East-West Highway Corridor Improvement Project for Georgia. The project’s goals are to reduce road user costs along the corridor section upgraded under the project, and strengthen the capacity of the Roads Department under the Ministry of Regional Development and Infrastructure.

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.