ADB loan revitalizes old Silk Road outpost in PRC’s poor northwest The Asian Development Bank (ADB) is providing a $100 million loan to revitalize Jiuquan City, a former outpost along the Silk Road located in the under-developed northwestern region in the People's Republic of China (PRC).
World Bank continues to support upgrading Georgia’s major transport route The World Bank Board of Executive Directors approved today a $75 million equivalent financing for the Fourth East-West Highway Improvement Project (EWHIP4) for Georgia. This is the latest in a series of investments aimed at upgrading the E60 Highway, Georgia’s key transport corridor.
World Bank helps reduce energy losses in the Uzbekistan’s capital city and two regions The World Bank and the Government of Uzbekistan signed a $180 million loan to the Republic of Uzbekistan for Advanced Electricity Metering Project. The Project’s objective is to reduce commercial losses of three regional power distribution companies in Tashkent, and the Tashkent and Syrdarya Regions (Oblasts).
Asia’s future prosperity requires major change in energy use Asia is moving along a dangerously unsustainable energy path that will result in environmental disaster and a gaping divide in energy access between rich and poor unless the region dramatically changes course, says a new Asian Development Bank (ADB) report.
World Bank vice president Laura Tuck visits the Kyrgyz Republic Laura Tuck, World Bank Vice President for Europe and Central Asia, completed her visit to the Kyrgyz Republic. The aim of her visit was to discuss with the country’s leadership the ongoing partnership between the World Bank and the Kyrgyz Republic.
Government of Afghanistan signs $250 million grant with the World Bank to strengthen village–level governance and improve rural infrastructure A $250 million grant, to finance the on-going third phase of the National Solidarity Program (NSP III) of the government of Afghanistan, was signed between the Ministry of Finance and the World Bank.
ADB approves $48 million loan to boost regional power transmission in Georgia The Asian Development Bank (ADB) has approved a $48 million loan for a regional power transmission project in Georgia that will build and upgrade power substations to boost Georgia’s ability to export electricity and support growing regional trade in power in the Caucasus.
Trade in Kazakhstan seen rising as ADB, local banks sign trade finance deals Two local banks in Kazakhstan signed trade finance agreements with the Asian Development Bank (ADB) to boost their lending portfolios to domestic trading companies whose financing were hampered by a series of bank restructurings in the country.
Afghanistan: Afghan road workers learn about HIV/AIDS An innovative ADB project in Afghanistan introduces safe sex practices in a culturally sensitive manner.
ADB, OFID sign risk-sharing agreement on trade finance program The Asian Development Bank and the OPEC Fund for International Development signed a risk distribution agreement to support trade in emerging Asian countries under ADB's Trade Finance Program.
