DUSHANBE (TCA) — The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) on June 15 approved a US $60 million loan for Tajikistan’s Nurek Hydropower Rehabilitation Project Phase I, co-financed with the World Bank. The project aims to rehabilitate and restore the generating capacity of three units of the Nurek hydropower plant, improve their efficiency and strengthen the safety of Nurek dam operations.

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BISHKEK (TCA) — The Kyrgyzstan Government’s Regulatory Reform Council has reviewed the third package of recommendations for improving the legal framework regulating private economic activity, developed under the OSCE Programme Office in Bishkek’s project Systematic Analysis of Regulations (SAR), the OSCE Programme Office said on June 15.

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BISHKEK (TCA) — United States Ambassador to the Kyrgyz Republic Sheila Gwaltney on June 14 attended the opening ceremony of a vegetable consolidation center in Aravan in the south of Kyrgyzstan that will directly benefit thousands of farmers in the south of the country. This Aravan-based facility is a result of a partnership between the United States Agency for International Development (USAID) and the private entrepreneur Mr. Avaz Abdurahimov. The consolidation center is one of the largest in the south and can sort, clean, and package around 24,000 tons of vegetables per year, the US Embassy in Bishkek reported.

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ASTANA (TCA) — The Central Asia Transport and Logistics Partnership on June 15 announced an action plan to strengthen regional transport and transit in the region as a way to help spur sustainable economic growth. The announcement was made at the Astana Economic Forum “New energy — New economy” in Kazakhstan.

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ASTANA (TCA) — Asian Development Bank (ADB) Vice-President Wencai Zhang, on a 4-day visit to Kazakhstan, has held talks with senior officials of the Government of Kazakhstan about ADB’s new 2017-21 Country Partnership Strategy. Mr. Zhang has also attended several sessions of the Astana Economic Forum on regional cooperation and integration, and Kazakhstan’s development perspectives. On 15 June, he co-chaired the brainstorming session on the new Central Asian Regional Economic Cooperation (CAREC) 2030 Strategy, ADB’s country office in Kazakhstan said.

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ALMATY (TCA) — The most crisis-prone spheres of the economy were discussed by businesspeople of the two countries at the business forum “Almaty-Luxembourg”, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported on June 15.

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