News

New ADB President Masatsugu Asakawa assumes office

Masatsugu Asakawa assumes office as the 10th President of the Asian Development Bank (ADB).

EBRD finances major infrastructure project in Mongolia

Regional integration and international trade between Mongolia, [People's Republic of] China, and Russia will be boosted by the completion of a major infrastructure project supported by the EBRD.

Global Economic Prospects: Europe and Central Asia

Growth in Central Asia is anticipated to slightly moderate to 4.4% following agreed-upon oil production cuts by Kazakhstan.

ADB deal with RG Brands to support women-run businesses in Kazakhstan, Kyrgyz Republic

The Asian Development Bank (ADB) and RG Brands, a leading food and beverage group in Kazakhstan, signed a $20 million loan to modernize operations along the company’s regional distribution chain.

Greening growth in Mongolia

Mongolia’s livestock industry, once the primary engine of the economy, now faces threats from climate change and overgrazing. Without prompt policy action, the national and regional costs will continue to grow, weighing on both economic growth and inequality.

EBRD and partners deepen green finance in Georgia

Intensifying the effort to strengthen Georgia’s energy efficiency, the European Bank for Reconstruction and Development (EBRD) is launching a new Green Economy Financing Facility for the country.

$110 million grant from ADB to construct Obigarm-Nurobod road in Tajikistan

The Asian Development Bank (ADB) has approved a $110 million grant to Tajikistan to construct 30 kilometers (km) of a highway and 30 km of secondary roads between the towns of Obigarm and Nurobod in the northeast of the country.

ADB approves $300 million to reform Pakistan’s energy sector

The Asian Development Bank (ADB) approved a $300 million policy-based loan that will help the Government of Pakistan to address financial sustainability, governance, and energy infrastructure policy constraints in Pakistan’s energy sector.

UPCOMING: Fifth CAREC Railway Working Group Meeting

The Fifth Meeting of the Railway Working Group aims to report on progress made in the TA activities including rail sector assessments and traffic modelling, and to share key concepts and best practices in railway reform.

Masatsugu Asakawa elected ADB President

Masatsugu Asakawa has been unanimously elected President of the Asian Development Bank (ADB) by its Board of Governors.