Associated Press, Manila | World | Sun, April 28 2013, 8:12 PM
Japan's former vice finance minister Takehiko Nakao has assumed the
presidency of the Asian Development Bank, vowing to continue its
anti-poverty mission and sustain Asia-Pacific's growth.
The ADB says Nakao assumed the presidency of the Manila-based
regional development lender on Sunday, succeeding Haruhiko Kuroda, who
stepped down in March.
Japan, the ADB's biggest
donor, nominated Nakao last month to lead the bank. Kuroda's departure
had raised speculation that China might seek a chance to lead the ADB.
Nakao has held senior posts in Japan's Ministry of
Finance, which he joined in 1978. He was vice minister of finance for
international affairs prior to his ADB appointment. He took up economics
at the University of Tokyo and received a master's degree in business
administration from the University of California at Berkeley.
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