Dhaka, Feb. 24 -- Masato Kanda officially assumed office as the 11th President of the Asian Development Bank (ADB) today.

"I am deeply honored to take on the role of ADB President at this important moment for our region," Mr 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. Together, we will respond to pressing development challenges, ensuring that ADB remains the partner of choice for the region."

Mr Kanda succeeds Masatsugu Asakawa, continuing a legacy of excellence and innovation. With nearly four decades of experience in international finance and development policy, Mr Kanda is widely recognized f...