News

ADB loan to help modernize power generation in Uzbekistan

The Asian Development Bank’s (ADB) Board of Directors has approved a $450 million loan to help install between 850 to 950 megawatts in additional generation capacity in the Talimarjan thermal power plant using combined cycle technology, which will help improve power generation efficiency and energy security in Uzbekistan.

The Caucasus and Central Asia: Time for Decisive Action

The economies in the Caucasus and Central Asia (CCA) are recovering supported by improving economic conditions in their main trading partners, higher commodity prices, and reforms taking hold, according to the International Monetary Fund's (IMF) 2017 CCA Regional Economic Outlook.

ADB approves $80 million for Uzbekistan railway electrification

The Asian Development Bank (ADB) has approved an $80 million loan for the electrification of 145 kilometers of railway in Uzbekistan, linking the cities of Pap, Namangan, and Andijan.

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 president concludes visit to Uzbekistan

The European Bank for Reconstruction and Development (EBRD) has signed an agreement with the government of Uzbekistan to explore ways of increasing its investment activity in the country

ADB president visits Uzbekistan to strengthen partnership, signs 4 new loan agreements

Asian Development Bank (ADB) President Takehiko Nakao met with the President of the Republic of Uzbekistan Shavkat Mirziyoyev and signed loan agreements totaling $573 million. Mr. Nakao expressed confidence in the country’s economic prospects and reiterated ADB’s support for the government’s development agenda.

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 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.

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.