New ADB President pledges support to develop sustainable Asia/Pacific | Sunday Observer

New ADB President pledges support to develop sustainable Asia/Pacific

Masatsugu Asakawa
Masatsugu Asakawa

New Asian Development Bank President Masatsugu Asakawa who has pledged to do his best to achieve a more prosperous, inclusive, resilient, and sustainable Asia and the Pacific, assumed office as the 10th President of the ADB last week.

Asakawa succeeds Takehiko Nakao, who stepped down on January 16.

ADB has played a huge role in supporting many economic development projects in Sri Lanka, including education, transport, energy sectors.

In a career spanning close to four decades, Asakawa has held a range of senior positions at the Ministry of Finance of Japan, including Vice Minister of Finance for International Affairs, and gained diverse professional experience in development policy, foreign exchange markets, and international tax policy.

He served as Finance Deputy for the 2019 G20 Osaka Summit and the G20 Finance Ministers and Central Bank Governors meeting in Fukuoka, Japan.

In the immediate aftermath of the Global Financial Crisis, he took part in the first G20 Leaders’ Summit Meeting in his capacity as Executive Assistant to the then Prime Minister Taro Aso. Asakawa has had frequent engagement with the Organisation for Economic Co-operation and Development, including as Chair of the Committee on Fiscal Affairs.