Former Governor Masaaki Asakawa elected as the next president of Asian Development Bank December 2, 12:03
The Asian Development Bank held an election to elect President Takehiko Nakao, and former treasurer Masami Asakawa of the Ministry of Finance was unanimously elected as the next President.
The Asian Development Bank elected to replace Governor Nakao, and since there were no candidates other than the former treasury officer of Asakawa of the Ministry of Finance recommended by Japan, he voted for confidence in 68 member countries and regions.
As a result, it was announced on the 2nd that Mr. Asakawa was unanimously elected as the next president.
Asakawa is 61 years old. In 1981, he joined the Ministry of Finance at that time, worked as Director of the International Bureau, and served as the top finance officer for the international finance department for four years from July 2015 to July.
As for the Asian Development Bank, Japan is the largest funding country along with the United States, and successive presidents have been selected from Japan. Mr. Asakawa will be appointed as the 10th president in January next year.
In the Asia-Pacific region, demand for funds is growing, especially in infrastructure development, in preparation for rapid urbanization due to economic growth and frequent natural disasters.
However, according to the Asian Development Bank, funding for infrastructure demand in the region is still short of $ 1.7 trillion annually. The issue is whether it can be promoted and boost further economic growth.