On Monday, Masato Kanda, the 11th President of the Asian Development Bank (ADB), pledged to drive the institution’s mission of fostering sustainable, inclusive, and resilient growth throughout Asia.
Kanda, who succeeds Masatsugu Asakawa, brings nearly four decades of experience in international finance and development policy to the position.
In a statement released by the ADB, Kanda stated “I am deeply honoured to take on the role of ADB president at this important moment for our region. With the trust of our 69 members and the strong support of our dedicated staff, I am committed to advancing ADB’s mission. Together, we will respond to pressing development challenges, ensuring that ADB remains the partner of choice for the region,” he stated.
#ADBNews: Masato Kanda officially assumed office as the 11th President of ADB today.
With nearly four decades of experience in international finance and development policy, he is widely recognized for his forward-thinking leadership and his decisive interventions during… pic.twitter.com/88GzSd7fuY
— Asian Development Bank (@ADB_HQ) February 23, 2025His appointment continues ADB’s legacy of excellence and innovative leadership. The unanimous decision by the ADB Board of Governors to elect Kanda reflects widespread confidence in his ability to navigate the bank through the complexities of a rapidly evolving global economic landscape.
Kanda’s leadership will strengthen ADB’s commitment to addressing the dynamic needs of its developing member countries. As the bank enters a new phase of strategic growth, his extensive background in managing complex economic policies and hands-on experience in multilateral settings will prove critical. Under his guidance, ADB aims to address both current challenges and future opportunities.
