News Releases

Asian Development Bank and Islamic Development Bank Sign Landmark $4 Billion Cofinancing Agreement

The Asian Development Bank and the Islamic Development Bank signed today a landmark cofinancing agreement, which will allow them to work together on projects in common member countries.

ADB Statement on Georgia

The Asian Development Bank welcomes the news that a ceasefire has been announced between Georgia and Russia. Staff are in touch with development partners in Georgia and envisage a coordinated approach to providing assistance.

ADB Looks to Expand in South Caucasus and Central Asia

The Asian Development Bank is expanding its operations in Central Asia and the South Caucasus and in order to support this it will open new offices in Armenia, Georgia and Turkmenistan.

ADB Extends $3M Grant to Facilitate Trade in Central Asia

The Asian Development Bank is providing a $3 million grant to facilitate trade among member nations of the Central Asia Regional Economic Cooperation as part of efforts to promote sustained economic progress across the region.

$18 Billion Plan to Build New "Silk Roads" through Central Asia

Eight countries on Saturday agreed to an $18 billion strategy to improve Central Asia's network of roads, airports, railway lines and seaports to make the region a vital transit route for trade between Europe and Asia - a modern-day equivalent of the ancient Silk Road.

ADB Assists in Rehabilitation of Road Network in Central Asia to Foster Trade

The Asian Development Bank is providing financial assistance to rehabilitate a key regional road network to reduce transport costs and foster trade and cooperation among Kyrgyz Republic, Tajikistan, other Central Asian nations, and neighboring People's Republic of China.

Experts Discuss Malnutrition Challenges in Central Asia

About 100 participants from Central Asia and Mongolia have met over the last two days in Almaty to discuss one of the most pressing health challenges facing the region in the past decade - micronutrient deficiencies.

ADB: Regional Cooperation Essential to Economic Growth in Central Asia

Central Asian countries must work together to remove barriers hampering trade and improve roads and other infrastructure if the region is to maintain its rapid economic growth, a senior Asian Development Bank official said ahead of a regional cooperation meeting.

Central Asia Set to Take Major Step Forward in Regional Cooperation

Eight member countries of the Central Asia Regional Economic Cooperation program will discuss ways to deepen interaction and integrate more effectively with world markets in a meeting in Tajikistan early next month.

ADB Funding Credit Line for Georgia's Small Businesses Through $25 Million Loan

The Asian Development Bank is strengthening the banking sector in Georgia by funding a credit line for small and medium sized enterprises. The assistance supports the ADB's overall objective of reducing poverty through sustained economic growth in the Central Asian nation.