Asian Development Bank

ADB: virus' economic impact could hit $8.8 trillion

Global economic losses from the coronavirus pandemic could reach up to 8.8 trillion dollars, or nearly 10% of the world economy's output, the Asian Development Bank (ADB) said. The Manila-based bank said the forecast for …

Read
 New ADB Country Director for Turkmenistan appointed

The Asian Development Bank (ADB) has appointed C. C. Yu as its new Country Director for Turkmenistan. Yu will lead ADB’s operations in Turkmenistan and take the lead in the implementation of the bank’s Country …

Read
ADB providing loans to rural households in Georgia

The Asian Development Bank (ADB) is providing a 60 million Georgian lari ($22.3 million) loan and a $500,000 technical assistance grant to Georgia's Credo Bank to launch new products including home improvement and mortgage loans to lower …

Read
ADB may grow bank’s portfolio in Georgia

Georgia’s Finance Minister Mamuka Bakhtadze met with the President of Asian Development Bank (ADB) Takehiko Nakao at the 51st Annual Meeting of ADB in Manila, the Philippines. "We had a very …

Read
ADB mission due in Azerbaijan

A mission of the Asian Development Bank (ADB) will visit Azerbaijan in September, reads a message posted on the ADB website, Trend reports. The mission for the Subprogram 1 of the Improving Governance and Public Sector Efficiency …

Read
ADB to fund Georgian secondary roads project

The Asian Development Bank (ADB) will allocate $80 million to help improve the conditions of secondary roads in Georgia. An agreement aims at rehabilitating around 50km of road connecting Dzirula-Kharagauli-Moliti-Phona-Chumateleti, as …

Read
ADB forecasts Kazakh economic growth to reach 2.4%

Economic growth in Kazakhstan in 2017 is forecast to rise reflecting continued fiscal spending for consumption and investment and higher earnings from oil exports, the Asia Development Bank (ADB) said in Asian Development Outlook 2017: …

Read
ADB to aid Georgian roads modernisation

The Asian Development Bank (ADB) has approved a $114 million loan to help improve regional connectivity and road transport efficiency in Georgia, while strengthening the country’s bid to become a regional transport and logistics hub. …

Read
ADB to review loan for North-South project by late summer

The Asian Development Bank has postponed the allocation of a $200 million loan for the North-South Transport Corridor and Azerbaijani Railways. The Bank’s management review meeting was postponed from April 15 to August 25, 2017. …

Read
Armenian government to start improve cities in 2017

In December 2017, Armenia's government will commence improvements in provincial towns with the $50 million loan provided from the Asian Development Bank (ADB), the Minister of Territorial Administration and Development, Davit …

Read

Populars