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MANILA, PHILIPPINES (28 November 2024) — The Asian Improvement Financial institution (ADB) Board of Governors has unanimously elected Masato Kanda as ADB’s eleventh President.
Mr. Kanda, 59, at present serves as Particular Advisor to Japan’s Prime Minister and Minister of Finance. He’ll assume workplace on 24 February 2025, succeeding Masatsugu Asakawa, who will depart workplace on 23 February 2025. Mr. Kanda will full the unexpired time period of President Asakawa, which ends on 23 November 2026.
“Mr. Kanda’s in depth expertise in worldwide finance and confirmed management in multilateral settings will serve ADB effectively in navigating advanced international financial challenges and fostering worldwide cooperation,” mentioned Chair of the ADB Board of Governors and Governor of the Financial institution of Italy Fabio Panetta. “The ADB Board of Governors appears ahead to working with Mr. Kanda.”
With practically 4 many years of expertise, Mr. Kanda has held key management roles on the Ministry of Finance of Japan, together with Vice-Minister of Finance for Worldwide Affairs. He has in depth expertise in monetary sector coverage and macro-fiscal coverage, having served as Deputy Commissioner on the Monetary Providers Company, Deputy Director-Basic of the Price range Bureau, and Deputy Vice-Minister for Coverage Planning and Coordination. He’s additionally a number one professional in schooling and science coverage in addition to college reform.
Mr. Kanda has been actively engaged within the G7, G20, and different worldwide boards, addressing key coverage challenges similar to multilateral growth financial institution (MDB) evolution, pandemic prevention, preparedness and response, and debt sustainability and transparency. Throughout his tenure as Vice-Minister of Finance for Worldwide Affairs, Japan made a file contribution of greater than $1 billion to the Asian Improvement Fund thirteenth replenishment (ADF 14).
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