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Samuel Tumiwa appointed as ADB’s Country Director for Afghanistan

The Asian Development Bank (ADB) has appointed Indonesia’s Samuel Tumiwa as new Country Director for Afghanistan. According to a statement from ADB, Tumiwa will lead ADB operations in Afghanistan and oversee the implementation of ADB’s Country Partnership Strategy, which aims to help the

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ADB’s Board of Governors 50th annual meeting kicks off in Japan

The 50th Annual Meeting of the Asian Development Bank’s (ADB)meeting kicked off on Thursday at the Pacifico Yokohama in Yokohama, Japan. Over 5,000 delegates, including from North America and Europe, are expected to attend the meeting from 4 to 7

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ADB pledges $300mn for Afghanistan’s infrastructure development

The Asian Development Bank (ADB) has pledged to provide USD 300mn to support infrastructure projects in Afghanistan. According to ADB officials, reconstruction of highways and building a solar power generation facility in eastern Nangarhar province are part of the projects.

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ADB appoints first female director in Pakistan

The Asian Development Bank (ADB) has appointed Chinese national Xiaohong Yang as the new Country Director for Pakistan– Yang is ADB’s first female Country Director in Pakistan and will lead the implementation of ADB’s Country Partnership Strategy 2015-2019, which focuses

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Afghanistan to receive $878mn for development projects from ADB

The Asian Development Bank (ADB) has pledged to provide USD 878mn for development projects in Afghanistan. The announcement was made at the third and concluding meeting of the 11th replenishment of the Asian Development Fund (ADF) , the ADB grant

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ADB suspends its funds for the construction of Tajik-Afghan-Turkmen railway

The Asian Development Bank (ADB) has suspended its funds for the construction of the Turkmenistan-Afghanistan-Tajikistan railway due to security situation. The funds that were supposed to be allocated for the construction of the railway to development of other areas, ADB

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ADB approves $ 1.2bn in grants to bolster Afghan energy sector

The Asian Development Bank (ADB) has approved $ 1.2bn to address the Afghan energy security over the next decade. The aid will be distributed in tranches to help build a reliable energy sector as the demand for it is growing

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Breshna Sherkat signs USD 82mn worth of contracts

Da Afghanistan Breshna Sherkat (DABS), Afghanistan’s national utility company, signed two different contracts worth USD 82mn with Gammon India Ltd and SIEMENS. The contract signed with Gammon India Ltd involves extension of a 500KV transmission line from Turkmenistan to Afghanistan

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Major highway left incomplete due to insufficient budget and security issues

The Turkish-American Company ECCI has refused to undertake construction of the Qaisar-Laman Road. A second meeting between the Afghan Ministry of Public Works and ECCI officials ended without an agreement over the contract. ECCI officials have asked for adequate security

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Japan grants USD 3mn to support Afghanistan Road Corridor upgrade

The Government of Japan has approved a $3 million grant to Afghanistan for a project which will improve the country’s main north-south road corridor transport route. The agreement for the preparatory facility for the Salang Tunnel Project was signed today

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ADB suggests changing the CASA 1000 route

The Asian Development Bank has approached (ADB) Da Afghanistan Breshan Sherkat (DABS), Afghanistan’s national utility company, to change the path of the CASA 1000 electrical lines. The original path of the CASA 1000 project was intended to go from Kunduz

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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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US Contributes $105 Million to Asian Development Bank Infrastructure Fund for Afghanistan

 The U.S. Agency for International Development (USAID) has contributed $105 million to the Afghanistan Infrastructure Trust Fund (AITF) to date. Established in 2010, the AITF is a multi-donor trust fund administered by the Asian Development Bank to coordinate donor assistance

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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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East Asia continues to be the engine driving the global economy

According to a recent report by the World Bank (WB), East Asia will continue to be the fastest growing economy in the world despite the cut in the growth forecasts for emerging East Asian economies. The WB has cut its

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DABS to expand electricity access in western Kabul

Da Afghanistan Breshna Sherkat (DABS) will sign a contract with the Turkish company FEKA on expanding electricity access in western Kabul on Monday. Costing USD 48mn, the project is executed with financial collaboration from Asian Development Bank (ADB). Including 165

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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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Afghan Finance Minister heads for India to attend ADB meeting

Heading a delegation of prominent businessmen from the private sector, Finance Minister Hazrat Omar Zakhilwal left for India to attend the 46th annual meetings of the Asian Development Bank (ADB) Board of Governors, which begins on May 2nd. More than

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Four new tunnels to be built on Salang Highway

Officials of the Public Affairs Ministry said work on the construction of four new tunnels on Salang Highway are in the process. Salang Highway is an important link between northern and southern Afghanistan crossing the Hindukush mountain range under the

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ADB pledges USD 200mn for power project

The Asian Development Bank country director for Afghanistan, Joji tokeshi, agreed to grant USD 200mn to Da Afghanistan Breshna Sherkat (DABS) for the extension of transmission lines from Turkmenistan to various parts of Afghanistan. DABS CEO Mr. Abdul Razique Samadi

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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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Breshna Sherkat and Finance Ministry sign agreement for power project

Finance Minister Hazrat Omar Zakhilwal and Da Afghanistan Breshna Sherkat (DABS) CEO Abdul Razique Samadi signed the grant agreement with a Chinese-Pakistani firm for the expansion of the power network in northern Kunduz and Baghlan provinces. Costing USD 3.51mn, the

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Jawzjan’s representative abstains from the parliament until the demands of his people are met

Dr. Inayatullah Farahmand, Representative of Jawzjan, has been absent in the Parliament since the past week and has said he would continue to abstain until the problems of his people in Jawzjan are solved. According to Dr. Farahmand, the government

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