News

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 supports $1 billion financing to expand Azerbaijan gas field

The Asian Development Bank (ADB) will provide $1 billion in private and public sector assistance to expand Azerbaijan’s Shah Deniz II, one of the world’s largest gas fields.

Road safety for key thoroughfare of Dushanbe, Tajikistan

The European Bank for Reconstruction and Development and road safety organisation Eastern Alliance for Safe and Sustainable Transport are teaming up with other partners for a road safety project in Dushanbe, Tajikistan, where a major international motorway will soon come into operation. (Photo credit: EBRD)

Visiting World Bank vice president reiterated support to Georgia

Cyril Muller, World Bank Vice President for Europe and Central Asia, commended Georgia for its steady economic growth and development priorities, as he concluded his official county visit.

ADB to upgrade highways, improve road safety in Kashkadarya

The Asian Development Bank (ADB) has approved a $198 million loan to help upgrade and widen 77 kilometers of the existing Karshi-Shakhrisabz-Kitab highway in Kashkadarya province, southeast of Uzbekistan, to improve tourism, mobility, as well as domestic and international trade. (Photo credit: ADB)

ADB approves $415 million grant to support Afghanistan’s energy security

The Asian Development Bank (ADB) has approved a $415 million grant to boost Afghanistan’s energy supply and strengthen the country’s cross-border trade in energy. (Photo credit: ADB)

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 to help improve clean energy access, efficiency in Pakistan

he Asian Development Bank (ADB) has approved a $325 million loan to help enhance Pakistan’s energy security by helping install clean energy sources and improve people’s access to electricity in Khyber Pakhtunkhwa Province and Punjab, two of the country’s largest provinces.

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.

Uzbekistan’s energy sector to become more efficient and reliable with World Bank support

The World Bank’s Board of Executive Directors approved $150 million in financing for the Modernization and Upgrade of Transmission Substations Project in Uzbekistan. It is aimed at improving the technical efficiency and reliability of the power transmission networks in the country.