Asian Development Bank says president Asakawa to leave in early 2025
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Mr Masatsugu Asakawa oversaw the ADB’s launch of measures to help the region’s economies deal with the Covid-19 pandemic.
PHOTO: ASIAN DEVELOPMENT BANK
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TOKYO – The Asian Development Bank (ADB) said on Sept 9 its president, Mr Masatsugu Asakawa, announced his intention to step down from his position, effective Feb 23, 2025.
The Yomiuri newspaper reported that Japan is set to back former top financial diplomat Masato Kanda as a candidate for the next ADB president.
A former top Japanese currency diplomat, Mr Asakawa became ADB president in January 2020 and oversaw the Manila-based lender’s launch of measures to help the region’s economies deal with the Covid-19 pandemic.
The election of the ADB’s new president will follow “an open, transparent, and merit-based process” in accordance with the lender’s charter, the ADB said in a statement. REUTERS
