New ADB President Nakao assumes office

29 Apr 2013 - {{hitsCtrl.values.hits}}

Takehiko Nakao assumed office as the ninth President of the Asian Development Bank (ADB) yesterday.

“I am honoured to take on the leadership of ADB at a challenging and exciting time. I look forward to working with shareholders and all of our development partners to continue our critical mission of fighting poverty and sustaining growth in the AsiaPacific region,” Nakao said.

Nakao succeeds Haruhiko Kuroda, who stepped down in March.

Nakao has held several senior positions in the Ministry of Finance of Japan, which he joined in 1978. Prior to his appointment at ADB, Nakao was Vice Minister of Finance for International Affairs, where he gained significant experience in international finance and development, and established close ties with Asia-Pacific’s leading figures, as well as those in the international development community.

He holds a Bachelor of Arts in Economics from the University of Tokyo, and a Master of Business Administration from the University of California in Berkeley, California.

Other

New ADB President Nakao assumes office

Most Popular Articles

Sri Lanka’s IMF reserve target comes under pressure: KPMG

Sri Lanka’s exports surpass US$9 billion in first half of 2026

Sri Lanka explores local gold refinery as IMF regulations delay import tax relief for jewellers

CSE ends lower as turnover falls to year’s lowest, ASPI holds key support

HMD introduces latest range of feature phones to Sri Lanka

CSE opens the week lower as broad-based selling offsets strong institutional activity

Latest News

Singer “Chili” fined for attempted assault on police officers

Sri Lanka’s exports surpass US$9 billion in first half of 2026

China ready to work with Sri Lanka to build strategic trust: Chinese Ambassador

Wildlife holiday bungalows to be upgraded

Toxic alcohol addiction changes brain chemistry: Psychotherapist