Rapid economic growth in recent years has put enormous pressure on Asia’s transport, energy, and communications infrastructure and unless these can be improved they will continue to be a bottleneck to growth, a threat to competitiveness, and an obstacle to poverty reduction, says a new book released by the Asian Development Bank (ADB) and the Asian Development Bank Institute (ADBI).
06/05/2009Read more
The World Bank Board of Directors approved today a US$ 2.125 billion loan for the Kazakhstan South-West Roads Project to help upgrade the trade route linking China to Russia and Western Europe through Kazakhstan, bringing a helpful economic stimulus to some of Kazakhstan’s poorest provinces.
05/05/2009Read more
The EBRD is providing a US$8 million loan to the private water utility TOO Vodnye Resursy Marketing to improve the water and wastewater services in the city of Shymkent in Southern Kazakhstan.
05/05/2009Read more
On 24 April 2009, eight grant agreements were signed between the World Bank and civil society organizations of Uzbekistan. This funding for the projects is provided from the Civil Society Social Development Fund and the Program itself is known more as “Small Grants Program”.
30/04/2009Read more
The Asian Development Bank’s (ADB) Board of Governors has agreed to triple ADB’s capital base from US$55 billion to US$165 billion, giving it much-needed resources to respond to the global economic crisis and to the longer term development needs of the Asia and the Pacific region.
30/04/2009Read more
After enjoying a decade of strong growth and poverty reduction, the countries of Eastern Europe and Central Asia (ECA) are now seeing the global economic and financial crisis push almost 35 million people back into poverty and vulnerability, or about one-third of the people that had escaped from it over the last ten years, the World Bank said today at its regular regional economic briefing at the World Bank/IMF Spring Meetings.
28/04/2009Read more
IFC, a member of the World Bank Group, and the Japan Bank for International Cooperation (JBIC) today agreed to work together to boost financing for trade, which has been hurt by the global financial crisis and will be essential for a lasting economic recovery.
28/04/2009Read more
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