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.
Rescuers have pulled six crew members alive from the Red Sea after Houthi militants sank a second cargo vessel this week, while the fate of another 15...
As Russia ramps up its aerial and ground assaults on Ukraine, Italy is hosting the fourth annual international conference on Ukraine's reconstruction....
German inflation eased to 2.0% in June, the federal statistics office said on Thursday, confirming preliminary data....
Two remote spaceports in northern Sweden and Norway are vying to become the first to launch satellites into orbit from mainland Europe, as the contine...
Russian drones and missiles struck Ukraine’s capital, Kyiv, early Thursday, killing two people, injuring 13 others, and causing fires in residential...
The Asian Development Bank will grant nearly $1 million to upgrade Kyrgyzstan’s energy data system, with more large-scale energy investments in the pipeline.
Tajikistan and the Asian Development Bank are strengthening their long-standing partnership through new initiatives in climate resilience and economic development.
President of Kyrgyzstan Sadyr Japarov has signed a law ratifying the 2025 Financing Framework Agreement with the Asian Development Bank (ADB), paving the way for nearly $222 million in funding for national development projects.
Acting Minister of Water and Energy Abdul Latif Mansoor met with David Hill, the Asian Development Bank’s (ADB) Country Director for Afghanistan, to discuss strengthening cooperation on critical water and energy initiatives in the country.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
European Commission President Ursula von der Leyen urged stronger sanctions and defence support for Ukraine as the EU's 18th sanctions package against Russia nears approval.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Rescuers have pulled six crew members alive from the Red Sea after Houthi militants sank a second cargo vessel this week, while the fate of another 15 seafarers remains uncertain. The Iran-aligned group has claimed responsibility for the attack and says it is holding some of the surviving crew.
As Russia ramps up its aerial and ground assaults on Ukraine, Italy is hosting the fourth annual international conference on Ukraine's reconstruction. The event, taking place in Rome, brings together political leaders, international organisations, and businesses to foster public-private partnerships
Two remote spaceports in northern Sweden and Norway are vying to become the first to launch satellites into orbit from mainland Europe, as the continent works to reduce dependence on U.S. space infrastructure.
Russian drones and missiles struck Ukraine’s capital, Kyiv, early Thursday, killing two people, injuring 13 others, and causing fires in residential and commercial areas, according to local officials. The assault coincided with the United States resuming weapons deliveries to Ukraine.
U.S. Secretary of State Marco Rubio is set to meet Russian Foreign Minister Sergey Lavrov on the side lines of the ASEAN foreign ministers' summit in Kuala Lumpur on Thursday, according to announcements from both the U.S. State Department and Russia’s foreign ministry.
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