Asian Development Bank elects Masato Kanda as next Prez

Key Takeaways

  • Masato Kanda’s extensive experience in international finance will serve the ADB well in navigating complex global economic challenges.
  • Masato Kanda’s proven leadership in multilateral settings will foster international cooperation.

Manila (Philippines): The Asian Development Bank (ADB) said Thursday that its Board of Governors has unanimously elected Masato Kanda as the ADB’s 11th president.

Kanda, 59, currently serves as special advisor to Japan’s prime minister and minister of finance. He will assume office on Feb. 24, 2025, succeeding Masatsugu Asakawa, who will leave office on Feb. 23 next year.

Kanda will complete the unexpired term of Asakawa, which ends on Nov. 23, 2026.

“Kanda’s extensive experience in international finance will serve the ADB well in navigating complex global economic challenges.” said Chair of the ADB

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