News

Digital Transformation in Tajikistan as Central COVID-19 Response Policy

Some countries have succeeded in their attempts to manage the COVID-19 crisis, seeking ways to translate perceived weaknesses, old or new, into sources of post-crisis recovery and resilience. There are first signs that Tajikistan is ready to do exactly that, according to this speech by Jan-Peter Olters, World Bank Country Manager for Tajikistan.

Investing in people is crucial to economic recovery in Central Asia

A special analysis in the Europe and Central Asia Economic Update focuses on human capital, an area that requires serious attention of the governments given the severe impact of the pandemic on health and education.

EBRD pledges $40 million in support of Uzbekistan SMEs

The latest $40 million finance facility, extended to the country’s fourth largest lender, Ipoteka Bank, will also provide support to women-led businesses.

ADB approves $110 million grant to enhance power supply in Afghanistan

The Asian Development Bank (ADB) approved a $110 million grant to boost power supply and strengthen Afghanistan’s energy sector by improving its sustainability and promoting cross-border trade in energy.

ADB approves $200 million loan to improve power sector in Uzbekistan

The Asian Development Bank (ADB) approved a $200 million policy-based loan to strengthen Uzbekistan’s power sector by improving its financial sustainability and ensuring adequate investment in critical infrastructure.

Georgia joins the race to produce green hydrogen

The Georgian government, realizing that water currently spilled during the summer months would be put to better use producing hydrogen, has asked the EBRD to explore the country’s potential for generating green hydrogen, which could then be blended and transported to end -users through existing gas pipelines.

EBRD and GCF boost climate financing for Mongolian enterprises

Smaller firms in Mongolia will benefit from new opportunities to make their businesses more energy efficient and productive, thanks to a $4 million loan provided by the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) to XacLeasing, one of the country’s largest financial leasing companies.

EBRD, GCF and CIFs $42.6 million for solar plant in Kazakhstan

The European Bank for Reconstruction and Development (EBRD) is organizing a new financing for the construction of a 76 MWp solar plant in the Karaganda region of Kazakhstan

Georgia needs more investment in human capital to assure the well-being of its future generations

Young people in the Europe and Central Asia region are being provided with the opportunities needed to grow into productive adults. However, the COVID-19 pandemic is threatening the gains made so far, as governments struggle to maintain health and education services in the face of restrictions to protect public health, including school closings.

Georgia needs more investment in human capital to assure the well-being of its future generations

Young people in the Europe and Central Asia region are being provided with the opportunities needed to grow into productive adults, thanks to continued investments in health and education during their childhood and teenage years, according to the latest update of the World Bank’s Human Capital Index.