The Asian Development Bank has decided to appoint Makoto Kanda as the next president.

On November 28th, Jinshi Data reported that the Board of Directors of the Asian Development Bank unanimously decided to appoint Masato Kanda, former Chief Financial Officer of the Japanese Ministry of Finance responsible for forex affairs, as the next president, who will take office on February 24th next year. Masato Kanda is currently serving as a special advisor to Japanese Prime Minister Shizuo Shiba, while the current ADB President, Masatsugu Asakawa, was originally scheduled to end his term in November 2026 but will leave office early. The ADB stated on its website that Masato Kanda has extensive experience in the international finance field and leading multilateral environments, which will help the ADB deal with the complex global economic situation and promote international cooperation.

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