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ADB provides $400 million in aid for Afghanistan development projects

KABUL (TCA) — Afghanistan’s Finance Ministry and the Asian Development Bank (ADB) on December 17 signed an agreement for the ADB to provide a US $400 million aid package for Afghanistan’s development projects, TOLOnews reports. Continue reading

Germany to provide $93 million in aid to Afghanistan

KABUL (TCA) — The government of Afghanistan and the German KfW Development Bank signed a financial agreement on November 23 according to which Germany will provide 6.44 billion AFs (around $93 million) in aid to the Afghan government, TOLOnews reported. Continue reading

ADB president visits Tajikistan to strengthen partnership

DUSHANBE (TCA) — Asian Development Bank (ADB) President Takehiko Nakao on October 26 met with the President of Tajikistan Emomali Rahmon to discuss ways of further deepening the almost 20-year partnership with the country. During the 3-day visit, Mr. Nakao also met with First Deputy Prime Minister and ADB Governor Davlatali Said and Minister of Economic Development and Trade and Alternate ADB Governor Nematullo Khikmatullozoda. Continue reading

Afghanistan becomes permanent member of AIIB

KABUL (TCA) — The Afghan Ministry of Finance said on October 15 that Afghanistan has been granted permanent membership of the Asian Infrastructure Investment Bank (AIIB), TOLOnews reported. Continue reading

New ADB strategy for Kazakhstan to support sustainable growth, economic diversification

ASTANA (TCA) — The Asian Development Bank’s (ADB) Board of Directors has endorsed a new country partnership strategy (CPS) for Kazakhstan, expected to deliver more than $3 billion in assistance through 2021 to help the country diversify its economy, achieve inclusive development, and promote sustainable growth, ADB’s country office said on September 18. Continue reading

China to provide $10 billion in loans to Iran for infrastructure projects

TEHRAN (TCA) — China will provide a credit line of $10 billion to Iran for its infrastructure projects, Iran’s PressTV news agency reported on September 15. Continue reading