In December 2008, the government signed a $54.77 million grant agreement with the Asian Development Bank (ADB) to fund the construction of a new 500 kilovolt (kV) GIS for the Nurek hydroelectric power plant. The fund was relent to Barki Tojik Open Joint Stock Holding Company (BT) at an interest rate of 5% per annum over a period of 25 years, including a 5-year grace period with the foreign exchange risk being borne by BT. The proceeds were from ADB’s Special Funds.

The PRC's Ministry of Water Resources reflected the high priority given by the government to strengthening reservoirs by establishing the National Reservoir Strengthening Program (NRSP) in 2001. Although the aim was to complete NRSP during the Eleventh Five-Year Plan (2006–2010) period, it was also intended that reservoir rehabilitation would continue beyond the program. More than 30,000 unsafe reservoirs were in need of rehabilitation.

In early 2014, a long-term development strategy—Kazakhstan 2050—was launched to transform the economy into one that is diversified, private sector-driven, and developed. In response to the crisis, the government undertook a range of countercyclical measures, including finance for income-generating activities, increased infrastructure spending, and restructuring of the banking sector.

In December 2010, ADB approved an Asian Development Fund (ADF) grant of $12 million for the Transport Sector Development Project that aimed to improve access to socioeconomic opportunities by rehabilitating and maintaining land, sea, and air transport infrastructure. The governments of Australia and New Zealand offered significant parallel grant cofinancing of $30 million each.

The Asian Development Bank (ADB) country partnership strategy (CPS), 2013–2017 for the Kyrgyz Republic aligned with country priorities and set the main objective as poverty reduction through inclusive economic growth. ADB’s program comprised loans, grants, and technical assistance (TA), approved, completed and ongoing, during 2013–2017, amounted to $1.1 billion.

The European Investment Bank (EIB), acting as a Fund of Funds Manager under Regional Operational Programmes, signed three operational agreements for the total amount of PLN 273 million (approx. EUR 64 million equivalent) with Getin Noble Bank S.A., one of the leading banks in the Polish housing sector. The goal is to provide loans for the much-needed thermo-modernisation of multi-family residential buildings in three Polish regions: Pomerania, Mazovia and Kujawsko-Pomorskie.

This annual report presents the DEC’s discussions on evaluation studies conducted by the Independent Evaluation Department (IED) pertaining to ADB policies, strategies, and completed operations for the period of 1 January to 31 December 2017.

This paper documents the Chair's Summary of the Development Effectiveness Committee (DEC) discussion held on 03 April 2018. The commitee discussed two chapters of the 2018 Annual Evaluation Review.

In 2009, the government announced an economic stimulus program to revitalize the economy and help low-income people. One of its key components focused on infrastructure investment on four-lane highway expansion.