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Manila-based Asian Development Bank (ADB) announced on Monday, Feb. 24, that it has officially appointed Masato Kanda as the multilateral lender’s newest president.
Succeeding Masatsugu Asakawa as the 11th ADB president, Kanda brings nearly 40 years of experience in international finance and development policy.
“With the trust of our 69 members and strong support of our dedicated staff, I am committed to advancing ADB’s mission to promote sustainable, inclusive, and resilient growth. Together, we will respond to pressing development challenges, ensuring that ADB remains the partner of choice for the region,” the new ADB chief vowed as he expressed his honor in stepping into the role.
ADB noted that Kanda is “widely recognized for his forward-thinking leadership and his decisive interventions during periods of market volatility.”
It also noted that during his stint as Japan’s vice minister of finance for international affairs, Kanda played a major role in developing innovative financial solutions and implementing policies that stabilized markets.
ADB Board of Governors Chair Fabio Panetta said Kanda brings “a wealth of experience and a refreshing perspective” to the bank.
“His proven track record in navigating complex financial challenges and fostering international cooperation makes him the ideal leader to guide us as we build upon our strengths and seize emerging opportunities,” Panetta said, adding noting his confident in ADB’s performance under Kanda’s leadership.
“Under his leadership, ADB will deliver targeted and impactful solutions for our developing member countries,” Panetta said.
Kanda stated his commitment to leveraging ADB’s expertise and partnerships to drive “transformative change, especially for those most in need.”
“Our focus will be on pragmatic actions that deliver real results, ensuring that our support creates lasting improvements in the lives of people throughout Asia and the Pacific,” Kanda said.
According to ADB, Kanda’s appointment reflects ADB’s commitment to adapting to the evolving needs of its developing member countries. His leadership is expected to strengthen the bank’s legacy “while also positioning the institution to address future challenges and opportunities.”
“His extensive background in managing complex economic policies and his hands-on experience in multilateral settings will be invaluable as ADB continues to adapt to a rapidly changing global landscape,” ADB said.
