In a statement, Kanda expressed deep honor in taking the helm at such a pivotal moment for the region.
“With the trust of our 69 members and the dedication of our staff, I am committed to advancing ADB’s mission to promote sustainable, inclusive, and resilient growth,” he stated.
Succeeding Masatsugu Asakawa, Kanda brings nearly four decades of experience in international finance and development policy.
During his tenure in Japan’s finance ministry, he pioneered innovative financial solutions and led policy actions that helped stabilize markets during turbulent times.
His forward-thinking leadership is expected to further solidify ADB’s role as a key partner in addressing the region’s pressing development challenges.
Unanimous decision
Fabio Panetta, Chair of the ADB Board of Governors, praised Kanda’s appointment, noting that 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.”
“I am confident that under his leadership, ADB will deliver targeted and impactful solutions for our developing member countries,” he added.
Panetta’s confidence was reflected in the board’s unanimous vote, underscoring broad support for Kanda’s leadership during this era of significant change.
Kanda also emphasized his readiness to leverage ADB’s collective expertise to drive transformative change.
“I am ready to harness our organization’s expertise and work closely with our partners to deliver pragmatic actions that result in lasting improvements in the lives of people across Asia and the Pacific,” he remarked.
New phase for ADB
His strategy centers on targeted initiatives that address immediate development needs while laying the groundwork for long-term economic stability and growth.
The appointment of Masato Kanda marks a new phase for ADB, promising to build on its legacy of excellence while adapting to a rapidly changing global landscape.
As a leading multilateral development bank, ADB supports sustainable growth, quality infrastructure, and innovative financial tools across Asia and the Pacific.
Founded in 1966 and owned by 69 members, the bank remains dedicated to transforming lives and safeguarding our planet through strategic partnerships and forward-thinking solutions. —Ed: Corrie S. Narisma
