ADB Board Of Governors Names New President (PHOTO)
Date
11/28/2024 5:12:31 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 28. The Board of
Governors of the Asian Development bank (ADB) has elected Masato
Kanda as the bank's 11th President, Trend reports.
Kanda, currently Special Advisor to Japan's Prime Minister and
Minister of Finance, will assume office on February 24, 2025,
succeeding Masatsugu Asakawa, who will step down on February 23,
2025.
Kanda will serve the remainder of Asakawa's term, which ends in
November 2026. His extensive experience in international finance
and multilateral settings is seen as an asset in navigating global
economic challenges. Fabio Panetta, Chair of the ADB Board of
Governors, expressed confidence in Kanda's leadership
abilities.
"Mr. Kanda's extensive experience in international finance and
proven leadership in multilateral settings will serve ADB well in
navigating complex global economic challenges and fostering
international cooperation," said Chair of the ADB Board of
Governors and Governor of the Bank of Italy Fabio Panetta. "The ADB
Board of Governors looks forward to working with Mr. Kanda".
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