Masato Kanda officially assumed the role of the 11th president of the Asian Development Bank (ADB) today, Monday, signaling a new phase in the institution’s leadership. Kanda, who succeeds Masatsugu Asakawa, brings nearly four decades of experience in international finance and development policy, having previously served as Japan’s vice-minister of finance for international affairs. His leadership is expected to bolster ADB’s efforts to tackle pressing development challenges in Asia and the Pacific.
Kanda’s appointment is viewed as pivotal for the ADB’s continued role in fostering sustainable, inclusive, and resilient growth in the region. The bank’s board of governors unanimously elected Kanda, emphasizing his proven ability to navigate complex financial landscapes and his track record in driving international cooperation.
“I am deeply honored to take on the role of ADB President at this important moment for our region,” Kanda remarked. He underscored the need for pragmatic actions to address the economic needs of developing countries while ensuring lasting improvements in the lives of people across the region. Kanda’s leadership is expected to strengthen ADB’s strategic growth and its ability to respond to emerging challenges, reinforcing its role as a key partner in regional development.
The ADB, a leading multilateral development bank with 69 members, remains committed to driving transformative change through innovative financial solutions and partnerships, working to build quality infrastructure and safeguard the environment across Asia and the Pacific.
