News

ADB $40 million grant for flood reconstruction in northern Afghanistan

The Asian Development Bank (ADB) is providing a $40 million emergency assistance grant to assist with the reconstruction of irrigation and rural road infrastructure at 15 provinces in northern Afghanistan that suffered heavy damage from severe flooding earlier this year.

EBRD co-hosts first ever Tajikistan foreign investment conference

Tajikistan invited foreign and local investors, top government representatives and international financial institutions to participate in this week’s first ever Tajikistan Economic and Investment Forum in a demonstration of its growing integration with the global economy.

EBRD and Muganbank to boost energy efficiency in Azerbaijan

The European Bank for Reconstruction and Development (EBRD) is lending $3 million to Muganbank to finance energy efficiency projects in the country. The facility is provided for on-lending to qualifying corporate and individual customers, and will be used for energy efficiency and renewable energy projects.

EBRD lends 30 billion tenge to Kazakhstan’s national railway company

The European Bank for Reconstruction and Development (EBRD) is stepping up its efforts to support the private sector in Kazakhstan by providing a financing package equivalent to $30 million for one of the largest private railway operators in the country, Eastcomtrans LLP.

ADB, Azerbaijan partnership to promote new economic opportunities and inclusive growth

The Asian Development Bank (ADB) and the Government of Azerbaijan have agreed to a country partnership strategy for 2014-2018 to help diversify the economy and foster new economic opportunities, promote inclusive growth, and reduce urban-rural disparities.

ADB president reaffirms support for Pakistan’s development and flood reconstruction

Asian Development Bank (ADB) President Takehiko Nakao met with Pakistan Prime Minister Mian Muhammad Nawaz Sharif to discuss ADB’s partnership with Pakistan and the country’s development opportunities.

EBRD invests in hydropower in Tajikistan

Harnessing the potential of hydropower has, for decades, been behind the construction of hydroelectric power plants in the EBRD region. This was especially true in Central Asia where the annual thaw in the Pamir and Tian Shan mountains was the spur for major projects in Soviet times.

ADB operations in Tajikistan ‘successful’ but more attention needed for inclusion and sustainability

The Asian Development Bank (ADB) needs to spur inclusion and sustainability in designing future development support in Tajikistan, says a new report by the Asian Development Bank’s (ADB) Independent Evaluation Department.

EBRD and Demirbank to boost energy efficiency in Azerbaijan

The European Bank for Reconstruction and Development (EBRD) is lending $5 million to Demirbank to finance energy efficiency projects in the country. The facility will be used for on-lending to qualifying corporate and individual customers for industrial and residential energy efficiency projects and equipment.

US Treasury awards ADB for landmark Afghan railway project

The Asian Development Bank has received a US Department of Treasury award for a pioneering rail project in Afghanistan that is providing a cross-border trade link crucial to the country’s post-conflict economy.