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.
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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.
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.
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.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
UK authorities have raised an amber heat health alert for much of southern England, warning that the ongoing heatwave could lead to a rise in deaths.
Floods driven by climate change are raising the danger of long-banned toxic chemicals resurfacing in rivers, soil, and food chains, according to a new UN Environment Programme (UNEP) report.
Israel is expected to submit a new withdrawal map today during ongoing ceasefire negotiations in Doha, Qatar, as talks face challenges over the size of the buffer zone around Gaza.
Widespread wildfires have engulfed the Alawenat Oasis in southwestern Libya, with flames spreading into residential areas and causing panic among local communities, according to state media.
North Korean leader Kim Jong Un has reaffirmed his “unconditional support” for all actions taken by Russia to resolve the Ukraine war, during a meeting with Russian Foreign Minister Sergei Lavrov, according to North Korean state media.
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