News

ADB, IFC, Citibank, and MCB Bank support Pakistan’s textile sector, boosting trade

The Asian Development Bank, International Finance Corp., Citibank, and Pakistan's MCB Bank announced that they have completed a landmark trade transaction that will help boost the textile industry in Pakistan, a sector that accounts for over 60% of the country's industrial activity.

ADB funds logistics center to help Mongolia expand, speed up trade

Mongolia with support from the Asian Development Bank (ADB) will build a state-of-the-art road/rail linked logistics facility that will help expand and speed up trade, and increase the landlocked country's global competitiveness.

Kyrgyz Republic, Tajikistan sign cross-border transport agreement under CAREC

Kubanychbek Mamaev, Permanent Secretary of the Ministry of Transport and Communications of the Kyrgyz Republic, and Olimjon Boboev, Minister of Transport and Communications of the Republic of Tajikistan, signed a Cross-Border Transport Agreement (CBTA) that will promote bilateral and regional trade. This is the first CBTA signed under the Central Asia Regional Economic Cooperation (CAREC) Program.

ADB establishes pooled infrastructure fund for Afghanistan

The Asian Development Bank (ADB) will set up a new fund which will pool public and private resources to help Afghanistan finance much-needed infrastructure.

World Bank supports a safe and reliable electricity supply in Kazakhstan

The World Bank Board of Directors approved a $78 million loan for the Kazakhstan Alma Electricity Transmission Project to the Republic of Kazakhstan to improve the reliability and quality of electricity supply to consumers in the Almaty region. The project will expand the capacity of the Almaty Oblast transmission network in an environmentally responsible and financially sustainable manner.

ADB to help People’s Republic of China’s smaller cities switch to natural gas, save energy

The Asian Development Bank (ADB) is extending up to $200 million to facilitate private sector participation in natural gas distribution infrastructure in the People's Republic of China.

Improved transport infrastructure key to reducing poverty – ADB Vice-President

Transport infrastructure has a critical role to play to help boost growth and reduce poverty in the Asia and Pacific region, said Asian Development Bank (ADB) Vice-President (Finance and Administration) Bindu N. Lohani.

Turkmenistan and Pakistan join CAREC as Central Asia partnership looks to 2020

The inclusion of Turkmenistan and Pakistan extends CAREC's reach to the Arabian Sea and beyond, improving Central Asia's competitiveness in world markets, including East and South Asia, Europe, and the Russian Federation.

World Bank approves additional financing for the regional and municipal infrastructure development project in Georgia

The World Bank Board of Executive Directors approved an Additional Financing in the amount of $45 million to Georgia for the Regional and Municipal Infrastructure Development Project . The additional financing has been requested by the Government of Georgia to scale up the project activities through rehabilitating additional municipal services and infrastructure throughout the country, and preparing strategic development plans for a number of selected cities.

Turkmenistan and Pakistan join CAREC as Central Asia partnership looks to 2020

Ministers at the 9th Ministerial Conference of the Central Asia Regional Economic Cooperation (CAREC) Program welcomed the accession of two new members - Turkmenistan and Pakistan. This is a special event, consolidating the CAREC partnership and its work in transport, trade facilitation, and trade policy.