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 …
Asian Development Bank
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 …
ADB $15 million loan to improve Georgia'surban environment
The Asian Development Bank (ADB) has approved a $15 million loan to improve infrastructure and services in Georgian cities and help the government of Georgia begin feasibility studies, design and civil work. The bank noted that …
Why Europe Needs Its Own Development Bank
The European Union recently appointed a “wise persons group” to review the EU’s development-finance architecture
New ADB Country Director for Turkmenistan appointed
The Asian Development Bank (ADB) has appointed C. C. Yu as its new Country Director for Turkmenistan. Yu will lead ADB’s operations in Turkmenistan and take the lead in the implementation of the bank’s Country …
ADB providing loans to rural households in Georgia
The Asian Development Bank (ADB) is providing a 60 million Georgian lari ($22.3 million) loan and a $500,000 technical assistance grant to Georgia's Credo Bank to launch new products including home improvement and mortgage loans to lower …
Asian Development Bank improves economic growth outlook for Georgia
The Asian Development Bank (ADB) has revised its economic growth outlook for Georgia to 4.9% instead of 4.5%. The inflation forecast on Georgia has been reduced to 3% for 2018-2019, according to the report of the Asian …
ADB may grow bank’s portfolio in Georgia
Georgia’s Finance Minister Mamuka Bakhtadze met with the President of Asian Development Bank (ADB) Takehiko Nakao at the 51st Annual Meeting of ADB in Manila, the Philippines. "We had a very …
ADB: Kazakhstan needs 1.3 trillion tenge of investments for water supply projects
Kazakhstan needs 1.3 trillion tenge for projects to provide rural communities with drinking water. This was announced by the director of the permanent representative office of the Asian Development Bank in Kazakhstan Giovanni …
