Masato Kanda officially assumed office as the 11th president of the Asian Development Bank (ADB) on Monday, succeeding Masatsugu Asakawa, China Daily reports. Kanda, formerly Japan's vice-minister of finance for international affairs, brings nearly 40 years of expertise in international finance and market stability.
"I am deeply honored to take on the role of ADB President at this important moment for our region," Kanda said. "With the trust of our 69 members and strong support of our dedicated staff, I am committed to advancing ADB's mission to promote sustainable, inclusive and resilient growth."
Expressing his commitment to ADB’s mission, Kanda emphasized promoting sustainable, inclusive, and resilient growth. ADB Board Chair Fabio Panetta praised his leadership and experience in addressing financial challenges.
Founded in 1966 and headquartered in Manila, ADB supports economic development across Asia and the Pacific, with 69 member countries.
Donald Trump has said the U.S. will resume bombing Iran if Tehran doesn't "behave," at the sidelines of the G7 summit in France. Earlier, the U.S. ...
Britain has announced an additional £8 million ($11 million) to help Pakistan combat illegal migration, human trafficking and organised crime, while ...
The Netherlands has announced a new €500 million military support package for Ukraine, focused on drones and air defence systems, as Western allies ...
China has condemned new UK sanctions against two Chinese companies accused of supplying materials used by Russia's military, calling the measures ille...
Kazakhstan will begin routing selected government expenditures worth more than 100 million tenge ($190,000) through its digital tenge platform, expand...
Donald Trump has said the U.S. will resume bombing Iran if Tehran doesn't "behave," at the sidelines of the G7 summit in France. Earlier, the U.S. President criticised Israel for its tactics against Hezbollah, saying it was unnecessary to bomb entire apartment buildings to tackle militants.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated.
Australia's weather bureau warned on Tuesday that an El Niño weather pattern has formed in the tropical Pacific and could intensify in the second half of 2026, becoming one of the strongest events recorded in seven decades.
Ukraine has said it struck an oil refinery in Russia’s Moscow region, marking one of the deepest reported attacks into Russian territory in recent months.
The Netherlands has announced a new €500 million military support package for Ukraine, focused on drones and air defence systems, as Western allies intensify efforts to strengthen Kyiv's position in its war against Russia.
China has condemned new UK sanctions against two Chinese companies accused of supplying materials used by Russia's military, calling the measures illegal and warning of possible retaliation if they are not lifted.
The UK has secured more than £1.3 billion in new international investment for battery storage, energy infrastructure and technology projects, with major commitments from companies based in France and India.
U.S. President Donald Trump has warned that a preliminary agreement with Iran remains fragile, saying Washington could resume military action if Tehran fails to meet its commitments.
China has sanctioned Philippine Defence Secretary Gilberto Teodoro Jr. and his immediate family, banning them from entering mainland China, Hong Kong and Macao. Beijing says the move responds to repeated remarks by Teodoro that it claims have undermined China's sovereignty and bilateral relations.
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