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$60mn grant from ADB provides electricity to eastern Afghanistan

The Asian Development Bank (ADB) has provided USD 60mn to support power transmission expansion in eastern Afghanistan. An agreement to that effect was signed by ADB’s Deputy Country Director for Afghanistan Shanny Campbell, and Afghanistan Minister of Finance and ADB

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ADB may take part in financing TAPI

The Asian Development Bank  (ADB) may join to finance the construction of the long-delayed Turkmenistan-Afghanistan-Pakistan-India gas pipeline project, said Chin Choon Fong, senior advisor at the Central and West Asia Department of the bank. The official added that it is

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ADB & SAARC Development Fund have signed MoU for the development of SAARC Region

Dr. Sunil Motiwal , Chief Executive Officer, SAARC Development Fund has confirmed that Asian Development  Bank (ADB) and SAARC Development Fund (SDF) have signed an MoU and agreed to: Collaborate for the development of the SAARC region through co-financing of

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Afghanistan’s railway project among US-honored development projects

The US Department of Treasury awarded the Asian Development Bank for pioneering a railway project in Afghanistan that is providing a cross-border trade link crucial to the country’s post-conflict economy. “ADB is honored to receive the award for this rail

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ADB to donate USD 400mn to revive Afghan economic growth

The Asian Development Bank (ADB) plans to donate USD 400mn to Afghanistan over the next two years to stimulate economic growth. This comes as the nation’s economic growth was sharply tumbled in 2013, with the inflation rate reaching 7.4% in

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ADB pledges USD 1 billion to support Afghanistan’s energy sector

Addressing the international academic seminar on Energy Security of Afghanistan and Region held in Kabul, Asian Development Bank (ADB) Country Director Joji Tokeshi said ADB had pledged USD 1 billion to finance Afghanistan’s energy sector. “In the power subsector, generation

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ADB pledges USD 1 billion to support Afghanistan's energy sector

Addressing the international academic seminar on Energy Security of Afghanistan and Region held in Kabul, Asian Development Bank (ADB) Country Director Joji Tokeshi said ADB had pledged USD 1 billion to finance Afghanistan’s energy sector. “In the power subsector, generation

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Pakistan approaches ADB to assist with resolving transit traffic

Pakistan’s government has approached the Asian Development Bank for modernizing border point infrastructure to make available quality border-crossing services. This comes amid increased trade and transit traffic through Torkham and Chaman borders. The project, estimated to cost USD 20mn, will

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ADB to stand by Afghanistan after 2014

The Asian Development Bank (ADB) pledged to stand by Afghanistan and commit to its economic development after 2014, when all combat troops are scheduled to withdraw from Afghanistan. ADB Country Director Joji Tokeshi said the transformation decade would be a

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ADB pledges USD 200mn for Afghanistan’s power projects

Asian Development Bank’s country director Joji Tokeshi signed an agreement with Afghan Finance Minister Omar Zakhilwal on donating USD 200mn for power projects in Afghanistan. The projects, including power transmission and distribution grid development, are to be implemented in northern,

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Afghanistan to grow at a rate of 6.5% in 2013

According to the Asian Development Bank’s latest report, Afghanistan is predicted to grow at a rate of 6.5%. The Asian Development Bank (ADB) releases technical reports on the economic growth assessment of Afghanistan twice a year. The growth rate for

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Afghanistan’s economic growth dropped by 5.7% in 2011

According to the Asian Development Bank’s latest report, Afghanistan’s economic growth is reduced by 5.7% mainly caused by decline in agricultural production due to constant droughts. As per the report, expenses of the private sector associated with more frequent flow

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