ADB has significantly expanded its support to members during a period of overlapping crises
Masato Kanda of Japan, who is the current president of the Asian Development Bank. — PHOTO VIA X
MANILA:
Asian Development Bank (ADB) President Masato Kanda has received unanimous support for a second term from members of ADB’s Board of Governors in the recently concluded election. His new five-year term begins on November 24, 2026.
Kanda was first elected as ADB’s 11th President on November 27, 2024, and assumed office on February 24, 2025, serving the remaining term of his predecessor, Masatsugu Asakawa.
“I am deeply honoured by the trust our members have placed in me at this critical moment in our region’s history. New shocks are striking Asia and the Pacific, even before economies have recovered from the last, and the international order is under its greatest strain in generations,” said Kanda. “ADB must be the region’s anchor of stability. But stability cannot mean standing still. We must mobilise with speed and at the scale our members need, to protect people today while helping build a brighter future for the next generation.”
Since Kanda took office, ADB has significantly expanded its support to members during a period of overlapping crises. In 2025, ADB provided a record $44 billion in support, including more than $29 billion from its own resources and nearly $15 billion in cofinancing.
