Masato Kanda has been unanimously elected as the 11th President of the Asian Development Bank (ADB) by its Board of Governors. Currently serving as Special Advisor to Japan’s Prime Minister and Minister of Finance, Kanda will assume office in February 2025, succeeding Masatsugu Asakawa. His term will conclude on 23 November 2026.
ADB, founded in 1966 and headquartered in Manila, Philippines, focuses on social and economic development in Asia. It started with 31 members and now has 68, including members of the UN Economic and Social Commission for Asia and the Pacific and non-regional developed countries.
