Azerbaijan discusses further cooperation prospects with Asian Development Bank
The Deputy Minister of Economy of Azerbaijan met with a representative of the Asian Development Bank (ADB). The conversation focused on prospects for further cooperation.
Asian Development Bank
ADB: Azerbaijan becomes regional leader in decarbonization
Azerbaijan is becoming a leader in decarbonization in the region, team leader and energy specialist at the Asian Development Bank (ADB) Kangbin Zheng said at the presentation of a decarbonization project within the framework of cooperation between Azerbaijan Railways and the ADB in Baku.
ADB approves over $233 mln loan to Georgia
The Asian Development Bank (ADB) approved a $233.2-million loan to help expand access to reliable, safe water supply services in rural areas of Georgia.
Georgia and Asian Development Bank discuss cooperation issues
The Georgian Minister of Finance and the Asian Development Bank's President discussed projects being implemented in the republic. This issue was one of the central topics at the meeting held in Milan.
Caspian Green Energy Corridor to be funded by ADB and AIIB
The Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) have allocated $2 million in funding for the Caspian Green Energy Corridor project, which involves Azerbaijan, Kazakhstan, and Uzbekistan, Azerbaijan's …
Growth forecasts for Caucasus and Central Asia states revised up
The Asian Development Bank (ADB) has revised up the growth projection for the Caucasus and Central Asia to 4.9% from 4.7% for 2024 and to …
ADB to help Azerbaijan revitalize North-South Corridor section
Azerbaijan Railways (ADY) and the Asian Development Bank (ADB) have signed a loan agreement worth $131.5 mln to rehabilitate a crucial …
Nearly $300mln to be invested in Central Kazakhstan's longest road
The Asian Development Bank said it has approved a sovereign-guaranteed local currency loan of up to $291.49 million equivalent to reconstruct 208 km of road in central …
Georgia predicted to have serious economic growth
The International Monetary Fund has upgraded its economic growth forecast for Georgia to a 7.6% for 2024, surpassing the rates of European countries and the country's regional neighbours, the Georgian Economy Ministry said. In its …
Tajikistan allocated $15 mln tp connect power grid to Uzbekistan
The Asian Development Bank (ADB) has approved additional grant finaning of $15 million to help Tajikistan scale up an ongoing project to reconnect the …
Azerbaijan's railway digitization funds of $47 mln approved
The Asian Development Bank has approved the allocation of a loan of $47 million to support the digitalization of Azerbaijan's railway system. This funding will improve the safety, reliability, and efficiency of …
Armenia, ADB discuss cooperation issues
The parties discussed issues of interaction between the republic and the bank
New airport in Georgia - tender announced
The Asian Development Bank has issued a tender for developing a general development plan for the new Tbilisi International Airport, the United Airports of Georgia said. The body would oversee the selection process for a consulting …
ADB to help Georgia in treating cancer and diabetes
The Asian Development Bank (ADB) has approved a €46.3 million ($50 million equivalent) policy-based loan to help improve access …
Asian Development Bank allocates money to support women in Georgia
The Asian Development Bank (ADB) and Credo Bank have signed a loan of 65 million lari ($25 million) to support onlending activities to …
Asian Development Bank to boost support for Georgia
Georgian Prime Minister Irakli Garibashvili discussed Georgia's current economic situation and its fiscal and budgetary parameters with President of the …
Kazakhstan to pay Russia over $43 mln for 4.2% stake in EDB
Kazakhstan will pay Russia about 20 billion tenge or just over $43 million for a 4.2% stake in Eurasian Development Bank (EDB), Deputy Prime Minister and Minister of Finance Yerulan Zhamaubayev said. "The total cost is about 20 …
EDB: International North-South transport corridor’s importance growing rapidly
The International North–South Transport Corridor (INSTC) becomes increasingly important as some EAEU countries reorientate their foreign trade and develop “new logistics.” For this reason, the Caspian countries are seeking to …
ADB approves $59-mln loan to Uzbekistan for development of cities
The Asian Development Bank (ADB) has approved a loan of $59 million and a grant worth $500,000 to Uzbekistan for the improvement of living conditions in four cities, the ADB office in the country said in a statement. As part of its …
ADB: virus' economic impact could hit $8.8 trillion
Global economic losses from the coronavirus pandemic could reach up to 8.8 trillion dollars, or nearly 10% of the world economy's output, the Asian Development Bank (ADB) said. The Manila-based bank said the forecast for …
