News

CAREC aviation officials discuss regional air cooperation

Aviation officials and airline representatives from 11 member countries of the CAREC Program met in Singapore to discuss potential for enhanced regional air transport connectivity and cooperation.

EBRD donors support infrastructure improvements and economic integration

The European Bank for Reconstruction and Development (EBRD) supports investments into modern energy connections and transport infrastructure from the Western Balkans to Central Asia and the southern and eastern Mediterranean. Furthermore, EBRD has designed several financial instruments to support cross-border trade.

ADB, Kyrgyz Republic sign agreement to complete Toktogul hydropower plant upgrade

The Asian Development Bank (ADB) and the Government of the Kyrgyz Republic have signed the loan agreement for the third and final phase of support to rehabilitate the Toktogul hydropower plant and increase the reliability of the national and regional power systems.

First EBRD-financed buses arrive in Osh, Kyrgyz Republic

Thirty brand new buses have arrived in Osh, the southern capital of the Kyrgyz Republic. The buses are part of a project financed by the European Bank for Reconstruction and Development (EBRD) that aims to boost safe and accessible public transport services in the city.

ADB, Kyrgyz Republic sign agreement for North–South alternate road corridor rehabilitation

The Asian Development Bank (ADB) and the Government of the Kyrgyz Republic today signed the financing agreement amounting to $95.1 million to rehabilitate a section of the North-South Alternate Road Corridor in the Kyrgyz Republic. (Photo credit: ADB)

ADB holds regional trade finance workshop in Tashkent

The Asian Development Bank’s Trade Finance Program launched a two-day workshop for trade finance professionals in Tashkent. A total of 48 participants representing 36 banks from seven Central Asia and Caucasus countries are attending.

EBRD and EU support energy and water efficiency in the Kyrgyz Republic

The European Bank for Reconstruction and Development (EBRD) is launching a new $35 million credit line to boost energy savings and resource efficiency in the Kyrgyz Republic.

ADB president calls for expanded CAREC agenda to meet new challenges

Asian Development Bank (ADB) President Takehiko Nakao concluded a 2-day visit to Pakistan. He met with Prime Minister Mian Muhammad Nawaz Sharif; the Finance Minister and ADB Governor, Senator Ishaq Dar, and other senior officials; and attended the 15th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference, which welcomed Georgia as its 11th member.

Central Asian countries identify $94 billion energy investment needs to 2023

Central Asian countries have identified power investment needs of about $94 billion to 2023, according to an Asian Development Bank (ADB)-commissioned study presented at an energy forum in Islamabad, Pakistan.

Need for reforms intensifies amid weak growth in Caucasus, Central Asia

The Caucasus and Central Asia is embarking on one of its slowest economic recoveries since independence, the IMF announced, as the region continues to battle the effects of a number of large and persistent external shocks