Masatsugu Asakawa reelected ADB chief

Asian Development Bank (ADB) President Masatsugu Asakawa received unanimous support for the second term as ADB President from the members of ADB’s Board of Governors voting in the recently concluded election.

His new term runs for 5 years beginning on November 24, 2021.

Asakawa was first elected as ADB’s 10th President on November 30, 2019, and assumed the position on January 17, 2020, serving the remaining term of his predecessor, Takehiko Nakao, said a press release.

Prior to joining ADB in 2019, Asakawa was the Special Advisor to Japan’s Prime Minister and Minister of Finance, and has a close-to-four decades’ career at the Ministry of Finance, where he gained extensive and diverse experience in international finance and development.

Asakawa also successfully led international taxation discussions including Base Erosion Profit Shifting project as Chair for Committee on Fiscal Affairs in the Organization for Economic Co-operation and Development from 2011
to 2016.