News Releases

ADB is providing EUR20 million to an integrated cement plant in Azerbaijan to expand output and improve fuel efficiency. The loan marks ADB's first ever private-sector infrastructure investment in the Central Asian nation.

ADB President Haruhiko Kuroda today inaugurated a 75-kilometer stretch of railway line that connects the Afghan city of Mazar-e-Sharif to the country's bustling northern border with Uzbekistan.

ADB President Haruhiko Kuroda and Kunio Mikuriya, Secretary General of the World Customs Organization, today signed a Memorandum of Understanding to strengthen the strategic partnership between their two organizations to facilitate trade in Asia and the Pacific.

ADB today signed a risk distribution agreement with the Netherlands Development Finance Company, which will lead to greater and wider support for trade in ADB's developing member countries.

ADB today signed trade finance agreements with three banks in Uzbekistan. The agreements with Agrobank, Asaka Bank, and Hamkorbank are ADB's first such agreements in the Central Asian country.

ADB is investing up to $25 million in a new fund designed to support the growth of small- and medium-sized enterprises in ASEAN countries and the People's Republic of China.

ADB is extending a $200 million loan to help People's Republic of China's Heilongjiang province improve its road transport sector.

Developing Asia's strong recovery from the effects of the global economic crisis is expected to continue through the next two years, ADB says in a new major report.

Papua New Guinea and Timor-Leste are getting support from the Government of Japan and ADB to help unlock the major potential for increased cross-border travel, trade, investment and tourism, with neighboring Indonesia.

Reducing visa restrictions and non-tariff barriers, and improving customs procedures, are among a host of steps South Asian countries can take to boost private sector-led growth, unlocking the region's vast economic potential, says a report prepared by ADB and Federation of Indian Chambers of Commerce and Industry.