Aquino bestows Order of Sikatuna to ADB's Kuroda
MANILA, Philippines - President Benigno S. Aquino III conferred the Order of Sikatuna with the rank of Rajah to outgoing Asian Development Bank (ADB) President Haruhiko Kuroda on Wednesday, March 13.
The Order of Sikatuna is the national order of diplomatic merit of the Republic of the Philippines. It is conferred upon individuals who have rendered exceptional and meritorious services to the Republic of the Philippines.
Those who receive the Order of Sikatuna are diplomats, officials and nationals of foreign states who have rendered conspicuous services in fostering, developing and strengthening relations between their country and the Philippines.
Kuroda has filed his resignation from the ADB on February 28 and will be leaving for Japan on March 18. He has been nominated by Japan Prime Minister Shinzo Abe to become the next Governor of the Bank of Japan.
The government of Japan has already nominated Tekehiko Nakao from the Japanese Ministry of Finance to become the next ADB President. This nomination has also been supported by the Philippine government.
The ADB is based in Manila and accounts for around 20% of the Philippines' Official Development Assistance (ODA). The Philippines is the ADB's 11th largest shareholder and its 5th largest borrower. - with reports from Cai Ordinario/Rappler.com