News

ADB approves new partnership strategy for Kyrgyz Republic

The Asian Development Bank's Board of Directors has endorsed a new 5-year country partnership strategy to promote sustainable economic growth, leverage regional cooperation to reap the benefits of access to larger markets, and improve the quality of life in the Kyrgyz Republic.

ADB supports first distributed renewable energy system in Mongolia

The Asian Development Bank’s Board of Directors has approved a $40 million loan to develop a 41-megawatt distributed renewable energy system—a first-of-its-kind in Mongolia using a variety of renewable energy technologies to supply power and heating in the remote and less-developed western regions of the country.

Experts discuss bridging funding gap for Asia’s $8.4 trillion transport needs

Meeting Asia and the Pacific’s transport needs will require $8.4 trillion in financing by 2030, said Asian Development Bank (ADB) President Takehiko Nakao.

CAREC countries discuss transport partnership in Ashgabat

CFCFA members and development partners meet to discuss issues of increasing the volume of trade, passenger and cargo transportation between CAREC countries, as well as to present transport development projects in the region.

CAREC to enhance Pakistan’s exports to [People’s Republic of] China: ADB

Asian Development Bank sees opportunities for Pakistan in CAREC Program to expand and diversify its exports to the People's Republic of China and Central Asian states, underscoring a need for increasing ownership of the projects for regional connectivity and economic cooperation.

New ADB’s SEZ study findings to promote Pakistan’s trade and exports

Asian Development Bank (ADB) convened consultation workshops on the CAREC Integrated Trade Agenda 2030 and Special Economic Zones Development here to promote Pakistan’s trade and exports.

ADB President visits the People’s Republic of China, reaffirms partnership

During the visit, Asian Development Bank (ADB) President Takehiko Nakao, People’s Republic of China Minister of Finance (MOF) and ADB Governor Liu Kun, and National Development and Reform Commission (NDRC) Chair He Lifeng signed a memorandum of understanding in which ADB commits to assist the NDRC and MOF in the implementation of the rural vitalization strategy.

Reforms can accelerate economic diversification in Kazakhstan — ADB

Kazakhstan’s future growth depends on reforms that provide a level playing field for the private sector and support economic diversification, according to a new Asian Development Bank (ADB) Country Diagnostic Study.

ADB, Tajikistan celebrate 20 years of development partnership

Asian Development Bank (ADB) Vice-President Wencai Zhang reiterated ADB’s support to Tajikistan’s development agenda, as the country strives to achieve inclusive and sustainable growth.

CAREC to benefit from cooperation with BRI, says official

Sanjaasuren Bayaraa, director of the CAREC Institute set up to enhance CAREC programs through knowledge generation and capacity building, said CAREC should coordinate and collaborate with the Belt and Road Initiative for win-win results for all sides involved.