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ALMATY, Kazakhstan (TCA) — The International Finance Corporation (IFC), a member of the World Bank Group, and the Mayor’s Office of the City of Almaty on February 25 signed an agreement by which IFC will be supporting the municipality to access long-term capital and ramp up its investments in critical infrastructure. Continue reading
KABUL (TCA) — India and Afghanistan have signed agreements to implement 26 projects worth $9.5 million in Afghanistan amid a changing geopolitical scenario in the region. While the US has been urging India to send its armed forces to the war-torn nation, India has reiterated its commitment to complete infrastructure projects it has promised to Afghanistan, Russia’s Sputnik news agency reported. Continue reading
DUSHANBE (TCA) — The Asian Development Bank’s (ADB) updated 2019–2021 country program for Tajikistan focuses on supporting road and energy development, private sector development, education and healthcare improvement, food security, and municipal infrastructure, the Bank’s Country Office said on December 4. The indicative financial assistance for the 3-year Country Operations Business Plan (COBP) released recently is over $300 million, all in grants. The final amount will, however, depend on the country’s performance and availability of ADB funds. “The COBP is consistent with the current ADB country partnership strategy with Tajikistan and the national development priorities,” said ADB Country Director for Tajikistan Mr. Pradeep Srivastava. “To address the country’s challenges and emerging needs, ADB is open for stronger partnership with and cofinancing by other multilateral and bilateral institutions.” The COBP includes projects to rehabilitate key road corridors, support financial sector development, further develop the energy sector including supporting sector reforms and improving infrastructure, as well as improve water resource management. In addition, ADB plans to support projects to develop urban infrastructure, improve resilience to natural disasters, and enhance labor skills. ADB is celebrating 20 years of development partnership with Tajikistan in 2018. To date, ADB has approved over $1.7 billion in grants, concessional loans, and technical assistance to the country. ADB and Tajikistan’s development partnership, which began in 1998, has restored and built the country’s new transport and energy infrastructure, supported social development, expanded agricultural production, and improved regional cooperation and trade.
KABUL (TCA) — The Asian Development Bank (ADB) on December 3 said it will provide a $2 billion grant to Afghanistan in the next three years to help the country undertake programs in the fields of agriculture, natural resources, power generation, transportation and infrastructure, Afghan broadcaster TOLOnews reported. Continue reading
ASHGABAT (TCA) — Finance ministers and senior government officials from 11 countries in Central and West Asia gathered in Ashgabat, Turkmenistan on November 15 for the 17th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference. The high-level strategy and policy body serves as a platform to discuss and debate important issues of regional relevance. Continue reading
BISHKEK (TCA) — A new World Bank Country Partnership Framework (CPF) for the Kyrgyz Republic, defining the strategic focus of the World Bank Group’s (WBG) engagement with the country for 2019-2022, was endorsed on November 13 by the World Bank Board of Directors. Continue reading
