Uzbekistan and Asian Development Bank agreed on public-private partnerships to improve municipal water infrastructure in Uzbek cities of Samarkand, Bukhara, Namangan and Karshi, Trend reports referring to the press office of the bank.

Foreign companies are interested in cooperation with Azerbaijan in the implementation of renewable energy projects that serve to ensure energy security in the country.

The Asian Development Bank (ADB) has approved a $170 million loan to improve Uzbekistan’s locomotive fleet through procurement of 24 ultra-modern electric locomotives.

Reforms carried out in Azerbaijan to strengthen the macroeconomic and financial stability positively affect the economic situation.

Azerbaijan will participate as a donor country in the programs of international financial organizations, as well as the Asian Development Fund of the ADB, said the Minister of Finance Samir Sharifov.

State Oil Fund of Azerbaijan (SOFAZ), the state mechanism whereby the country's energy-related earnings are accumulated and efficiently managed, plans to launch an automated reporting system in the extractive industry.

Azerbaijan is taking serious steps to develop alternative energy. To this end, negotiations are underway with foreign companies and investors, including companies from China, the UAE, the US and the EU.

The direct loan of the Asian Development Bank (ADB) turned out to be unneeded by the Southern Gas Corridor CJSC of Azerbaijan as a result of optimization and reduction of project costs, spokesperson of Azerbaijan’s state oil company SOCAR Ibrahim Ahmadov told Trend.

Tajikistan’s reliance on a narrow export base and remittances, coupled with a widening trade deficit, has made the economy vulnerable to external economic shocks.

Asian Development Bank in its April report entitled "Asian Development Outlook (ADO) 2019: Strengthening Disaster Resilience" provided information on current financial indicators of Azerbaijan and forecasts for further changes in them.