ADB
ADB cuts Azerbaijan's 2026 GDP growth forecast to 1.6%
The Asian Development Bank lowered its forecast for Azerbaijan's economic growth in 2026 from 2% to 1.6%, keeping its 2027 estimate at 1.8%.
ADB Has Financed 160 Projects in Azerbaijan Worth $5.6 Billion
Since Azerbaijan joined the Asian Development Bank, $5.6 billion has been allocated to 160 projects under cooperation. This was reported by the country's Ministry of Finance.
ADB to Prepare Report on Ports and Logistics in CAREC Region
The Asian Development Bank announced the preparation of a new report on ports, shipping, and logistics in the CAREC region, which will help determine future investments.
Masato Kanda Re-elected as ADB President for Second Term
The Board of Governors of the Asian Development Bank unanimously supported the re-election of Masato Kanda as President. The new five-year term will begin on November 24, 2026.
ADB Launches AI Project for Infrastructure Resilience with Azerbaijan's Participation
The Asian Development Bank (ADB) has launched a project to use artificial intelligence to enhance infrastructure resilience and risk adaptation, with Azerbaijan among the participating countries.
ADB to Provide $50 Million for Green Projects in Turkey via Yapı Kredi Leasing
The Asian Development Bank has signed an agreement with Yapı Kredi Leasing to finance renewable energy and sustainable development projects in Turkey.
ADB Seeks Consultants for Electrification of Baladjary–Yalama Railway
The Asian Development Bank has launched a tender for consultants to manage the electrification and modernization of signaling and telecommunications systems on the Baladjary–Yalama railway line in Azerbaijan. The contract is valued at $2.088 million and spans 54 months.
AZAL Completes Assessment of Reporting Under IFRS S1 and IFRS S2 Standards
The Asian Development Bank has completed an assessment of AZAL's sustainability and climate reporting, identifying areas for improvement.
Georgia and ADB Sign $250 Million Loan Agreement for Tbilisi Bypass Road
Georgia and the Asian Development Bank have signed a $250 million loan agreement to build a bypass road around Tbilisi, aiming to ease traffic congestion in the capital.
ADB Develops Digital Corridor Master Plan for Central Asia
The Asian Development Bank has unveiled a master plan for a CAREC digital corridor that will give Central Asian countries access to global submarine cable routes via a southern path.
ADB Allocates $250 Million for Construction of Tbilisi Bypass Road
The Asian Development Bank approved a $250 million loan for the construction of an 18.9 km section of the Tbilisi bypass road, improving transport connectivity and reducing congestion in the capital.
New Vice President Appointed at ADB
Wempi Saputra has been appointed as the new Vice President of the Asian Development Bank (ADB).
Korea Calls for Scaling Up AI and Green Tech Investments via ADB
The Asian Development Bank (ADB) can serve as a crucial platform for multilateral cooperation amid current global challenges, according to South Korea's governor at the ADB annual meeting.
Date of Next ADB Board of Governors Annual Meeting Announced
The 60th Annual Meeting of the Asian Development Bank's Board of Governors will be held in Japan.