TOKYO — Japan will nominate Masato Kanda, the country's former top currency diplomat, as its candidate to become the next head of the Asian Development Bank (ADB), Finance Minister Shunichi Suzuki said on Tuesday.
TOKYO — Japan will nominate Masato Kanda , the country's former top currency diplomat, as its candidate to become the next head of the Asian Development Bank , Finance Minister Shunichi Suzuki said on Tuesday.Since the ADB was founded in 1966, its top post has always been filled by someone from Japan , which, along with the United States, is the bank's biggest shareholder. That makes Kanda a strong candidate to take up the post.
The development lender said in a statement that the election of the next ADB president would follow 'an open, transparent, and merit-based process.'Kanda, who stepped down in July after three years as vice finance minister for international affairs, led massive bouts of yen-buying intervention in the currency markets in 2022 and 2024. He currently serves as a special adviser to the cabinet.
Nominates Ex-Currency Diplomat Kanda To Head ADB
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan Embassy, DMW celebrate Philippines-Japan Friendship WeekIn celebration of the Philippines-Japan Friendship, the Embassy of Japan and the Department of Migrant Workers (DMW) co-hosted the Philippines-Japan Friendship Week at the DMW Central Office in Mandaluyong City.
Read more »
ADB: Bid to cut poverty may spur GHG emissions hike to meet growth goalTHE country’s poverty reduction efforts may come at a cost to the environment as more greenhouse gas emissions are needed to boost economic growth and raise Filipino’s incomes, according to the Asian Development Bank (ADB).
Read more »
Gov’t eyes ADB financing to accelerate energy efficiency, conservation programDefining the News
Read more »
Gov’t execs grace Patients Congress held in ADB officeDefining the News
Read more »
ADB crafts new six-year country partnership strategy for PHLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
ADB finalizing $500M loan for PH’s climate action efforts — DOFLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »