MANILA - Asian Development Bank (ADB) President Haruhiko Kuroda is resigning on March 18 in order to take up appointment as Governor of the Bank of Japan, the ADB announced today (Thursday). The new appointment has been made by Japanese Prime Minister Shinzo Abe.
An election of a successor to complete Mr. Kuroda’s term will be held by the Board of Governors of ADB in accordance with ADB’s Charter, the Asian multilateral bank said.
“I have been deeply honoured to have served as ADB President and Chairperson of ADB’s Board of Directors,” Mr. Kuroda said. “I have also been privileged to have worked with an exceptionally strong and committed Board and talented and dedicated staff. I have every confidence in the continued success of ADB in the pursuit of its critical mission to alleviate poverty.”
Mr. Kuroda is a graduate of Tokyo University and the University of Oxford, and previously served as Japan’s Vice Minister of Finance for International Affairs. Mr. Kuroda serves simultaneously as President of ADB and Chairperson of ADB’s Board of Directors. He was first elected by ADB’s Board of Governors in November 2004 and assumed office in February 2005. He was re-elected for a third term in November 2011.
Thursday, Jun 20 2013
Last update:04:49:01 AM GMT