News

ADB, NNS sign loans to build milestone solar power project in Uzbekistan

The Asian Development Bank (ADB) and “Nur Navoi Solar” Foreign Enterprise Limited Liability Company (NNS) signed loans of up to $17.5 million for a 100-megawatt (MW) solar power plant that will be the first public–private partnership renewable energy project in Uzbekistan.

Pioneering solar power plant to take off in Uzbekistan with World Bank Group support

The World Bank Group, Abu Dhabi Future Energy Company PJSC (Masdar), Asian Development Bank, and the Government of Uzbekistan signed loan and guarantee agreements to finance the first 100-megawatt solar photovoltaic power plant in the country, in support of its efforts to produce clean energy, strengthen the security of supply and combat climate change.

ADB $93 million loan to boost skills development and inclusive growth in Uzbekistan

The Asian Development Bank (ADB) announced that it has approved a $93 million loan to help enhance competitiveness in Uzbekistan and boost inclusive growth by improving market-relevant skills development for young people and unemployed job seekers.

ADB releases $60 million for second part of air quality improvement program in Ulaanbaatar

The Asian Development Bank (ADB) has approved the release of $60 million as second tranche of a program to improve the air quality and health in the Mongolian capital of Ulaanbaatar.

EBRD supports Turkmen tomato producer Agromar

The European Bank for Reconstruction and Development (EBRD) is supporting the expansion of the Turkmen tomato producer Agromar with a $2.5 million loan for the extension of the company’s production facilities.

World Bank approves $85 million grant to expand public services, access to clean water and sanitation in Afghanistan

The World Bank Board of Executive Directors approved two grants totaling nearly $85 million from the International Development Association , as part of a $393 million financial package to help Afghanistan alleviate COVID-19 impacts and improve access to clean water, sanitation, and public services.

World Bank announces $300 million for Pakistan to build resilience to natural disasters and health emergencies

The World Bank’s Board of Executive Directors approved $300 million in financing for two projects in Pakistan—the Sindh Resilience Project and the Solid Waste Emergency and Efficiency Project—hat will bolster Pakistan’s efforts to build resilience to natural hazards such as floods and droughts in the Sindh province, and will strengthen solid waste management in Karachi to tackle recurrent urban flooding and public health emergencies in the city.

Human capital is central to a fast and inclusive economic recovery in Tajikistan

To provide Tajikistan with a strong foundation for a quick and sustainable recovery, investments in human capital remain central to efforts to offset the immediate and long-term impacts of the COVID-19 pandemic on people’s health, education, and overall well-being.

ADB approves $2.5 million grant for Georgia’s fight against COVID-19

The Asian Development Bank (ADB) has approved a $2.5 million grant to support Georgia’s ongoing response to the coronavirus disease (COVID-19) pandemic.

CAREC endorses long-term strategy to promote safe, sustainable, and inclusive tourism

Ministers and senior officials from the 11 member countries of CAREC) Program have endorsed a new long-term strategy to promote safe, sustainable, and inclusive tourism development in the region, and enhance its attractiveness as a competitive tourism destination globally.