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TASHKENT (TCA) — The Asian Development Bank (ADB) has approved a results-based loan of $500 million to support the construction of up to 29,000 new affordable housing units in nine regions across Uzbekistan as part of the State Affordable Rural Housing Program, ADB’s country office in Uzbekistan said on June 1. Continue reading
KABUL (TCA) — Afghanistan President Mohammad Ashraf Ghani last week inaugurated the construction of the Dar-i-Suf to Yakawlang road in the country’s Bamyan province. The road will boost Afghanistan’s transport network, widen economic and social opportunities, and connect remote areas to the country’s center, the ADB country office in Afghanistan said. Continue reading
KABUL (TCA) — Officials from the Asian Development Bank (ADB) on April 29 said that they would provide at least $300 million USD for infrastructure projects in Afghanistan, the country’s TOLOnews agency reported. Continue reading
TASHKENT (TCA) — The Asian Development Bank (ADB) has approved an $80 million loan for the electrification of 145 kilometers (km) of railway in Uzbekistan, linking the cities of Pap, Namangan, and Andijan. The electrified track is part of the Central Asia Regional Economic Cooperation (CAREC) Corridor 2, a critical transport link in the region, ADB’s country office in Uzbekistan said on April 24. Continue reading
DUSHANBE (TCA) — Tajikistan’s economic growth is forecast to moderate in 2017, reflecting losses in the banking sector and weak remittances, says a new Asian Development Bank (ADB) report. Continue reading
ASTANA (TCA) — The Asian Development Bank (ADB) and Tengri Bank on April 6 signed a trade finance agreement enabling ADB’s Trade Finance Program (TFP) to provide guarantees to support import and export transactions in Kazakhstan. Continue reading
