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    ADB Aids Kazakhstan, Mongolia

    By Ma. Rizza Leonzon // 11 September 2009

    has secured a $500 million loan from the Asian Development Bank to help the Central Asian nation deal with the effects of the global recession. The sum, which is drawn from the bank's $3 billion countercyclical support facility, will back fiscal stimulus and crisis mitigation measures. The regional lender is also granting $2.4 million to assist

    in providing reliable electricity services to low-income communities in rural areas. The project seeks to construct transmission and distribution lines in nine selected bag centers by February 2011.

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    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ma. Rizza Leonzon

      Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.

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