The 59th Annual Meeting of the Asian Development Bank concluded in Samarkand with new renewable energy agreements, discussions on economic resilience and the release of a major policy report on global value chains.
One of the key developments on the final day was the signing of a $116 million financing agreement between the Asian Development Bank (ADB) and ACWA Power for the construction of the 300-megawatt Bash-2 wind power project in Uzbekistan’s Bukhara region.
The financing package includes support from the ADB, commercial lenders and the Leading Asia’s Private Infrastructure Fund 2 (LEAP 2).
The project will comprise 39 wind turbines, transmission infrastructure and a new substation connected to Uzbekistan’s national power grid. According to the ADB, the initiative is expected to strengthen the country’s renewable energy capacity, improve energy security and support its transition towards low-carbon energy generation.
ADB representatives also noted that the Bank’s renewable energy portfolio in Uzbekistan now exceeds 2 gigawatts of supported capacity, including wind, solar and battery energy storage projects.
The project is expected to create at least 800 jobs during construction, alongside additional permanent roles during operation.
The Asian Development Bank also presented its Asian Development Policy Report 2026, titled “Global Value Chains and Inclusive Development.”
The report highlighted that deeper regional integration has helped economies across Asia and the Pacific generate growth, create jobs and reduce poverty over recent decades.
At the same time, the ADB warned that geopolitical tensions, supply chain disruptions and rapid technological shifts continue to pose risks for developing economies, particularly those less integrated into global production networks.
ADB Chief Economist Albert Park noted that improving infrastructure, logistics and the business environment would be essential to increase competitiveness and help developing economies benefit from global trade and emerging technologies.
The report also stressed the importance of resilient supply chains, environmental sustainability and greater inclusion for small and medium-sized enterprises.
The annual meeting concluded with an official handover ceremony announcing that the 60th Annual Meeting of the Asian Development Bank will be hosted in Aichi-Nagoya, Japan, from 2 to 5 March 2027.
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Iranian President Masoud Pezeshkian has accused the U.S. and Israel of seeking to foment internal divisions in Iran after failing to defeat the country militarily, Iran's state news agency IRNA reported.
Israeli Prime Minister Benjamin Netanyahu said Israel may participate in the investigation into a serious incident aboard a flydubai flight bound for Tel Aviv, while investigators examine the motive of the co-pilot involved.
Passengers restrained a flydubai co-pilot who allegedly stabbed the pilot and tried to crash a flight from Dubai to Tel Aviv, Israeli Prime Minister Benjamin Netanyahu said on Wednesday.
Here's your AnewZ Daily Brief for 30 September 2026. These are the top five stories making headlines in Europe.
North Korea has dismissed as a “farce” Seoul’s claim that Pyongyang was responsible for a landmine explosion south of the Military Demarcation Line that injured three South Korean soldiers.
Türkiye and Azerbaijan signed defence agreements worth more than $500 million, including a deal for 14 Turkish-built Hürkuş-II trainer aircraft, a Turkish official said on Wednesday.
Pakistan says it carried out “well-planned and calibrated” air strikes on militant hideouts and safe havens in Afghanistan on Wednesday, killing 22 militants.
Kazakhstan, Uzbekistan and the United Arab Emirates are exploring a new railway through Afghanistan that could open another route for Central Asian cargo to Pakistan’s seaports.
Passengers from a flydubai flight that was diverted to Saudi Arabia after an alleged attempt to crash the aircraft have arrived safely in Israel.
U.S. Secretary of State Marco Rubio has ordered an Iranian delegation, including Foreign Minister Abbas Araghchi, to leave the United States after negotiations between Washington and Tehran stalled, according to a U.S. official.
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