New ADB President Masatsugu Asakawa assumes office

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BSS, Dhaka :
New Asian Development Bank (ADB) President Masatsugu Asakawa has assumed office becoming its 10th President since ADB was established in 1966.
“I am honored to assume the role of ADB President and to begin working in close cooperation with our 68 members. ADB has been a trusted partner of the region for more than half a century, supporting strong growth that has improved the lives of people across Asia and the Pacific. I will strive to ensure ADB remains the preferred choice of its clients and partners,” Asakawa said.
Asakawa succeeds Takehiko Nakao, who stepped down on January 16, said an ADB release received on Sunday. In a career spanning close to four decades, Asakawa has held a range of senior positions at the Ministry of Finance of Japan, including Vice Minister of Finance for International Affairs, and gained diverse professional experience in development policy, foreign exchange markets, and international tax policy.
He served as Finance Deputy for the 2019 G20 Osaka Summit and the G20 Finance Ministers and Central Bank Governors meeting in Fukuoka, Japan.
Furthermore, in the immediate aftermath of the Global Financial Crisis, he took part in the first G20 Leaders’ Summit Meeting in his capacity as Executive Assistant to the then Prime Minister Taro Aso.
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