News

ADB $150 million loan to overhaul transport and logistics in Chongqing

The Asian Development Bank (ADB) has approved a $150 million loan to develop an efficient goods handling system for Chongqing that integrates logistics for road, water, and rail transport.

IsDB approves more than $592 million to finance new development projects

The Board of Executive Directors of the Islamic Development Bank (IsDB) has approved $592.2 million in financing for new development projects in several member countries and some Muslim communities in non-member countries.

ADB VP reaffirms support for Azerbaijan’s development priorities

Asian Development Bank (ADB) Vice President Wencai Zhang met with Ilham Aliyev, President of Azerbaijan, Prime Minister Artur Rasi-zade, and Samir Sharifov, Minister of Finance and ADB Governor, to reaffirm ADB’s continuous support for the country’s development and reform priorities. (Photo credit: ADB)

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 to help improve strategic road connection on Armenia-Georgia border

The Asian Development Bank (ADB) has approved a $50 million loan to improve the transport efficiency and safety of the M6 Highway from Vanadzor in Armenia to the border with Georgia at Bagratashen, one of the most strategic roads for internal and external trade.

ADB-financed road upgrade to improve Dushanbe–Kurgonteppa connectivity

ADB has approved $65.2 million in loan and grant financing for Tajikistan to improve road connectivity between the capital Dushanbe and Kurgonteppa, two major cities and economic hubs in the country.

ADB $25.5 million grant to improve road maintenance in Afghanistan

The Asian Development Bank (ADB) has approved a $25.5 million grant to boost maintenance work on sections of Afghanistan’s regional highway in the southeastern part of the country and enhance the overall sustainability of the road transport sector.

EBRD and Kazakhstan’s gas operator KazTransGas to work on energy efficiency

The European Bank for Reconstruction and Development (EBRD) and Kazakhstan’s national gas operator, KazTransGas, have agreed to join forces in supporting the country’s drive towards a green economy.

ADB, Pakistan sign loans to boost cross-border trade with neighbors

he Asian Development Bank (ADB) and Government of Pakistan signed loan agreements for $250 million to boost cross-border trade activity with neighboring countries

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.