SUMMARY
This is AI generated summarization, which may have errors. For context, always refer to the full article.
The board of Manila-based lender Asian Development Bank (ADB) unanimously voted Takehiko Nakao, a Japanese bureaucrat who has “broad and deep knowledge of the Asian region,” as its new president. Nakao, 57, the sole nominee for the ADB position, was Japan’s former Vice Minister of Finance for International Affairs. He will assume office as ADB’s 9th president on April 28. Japan has held the presidency of the ADB since the institution was founded in 1966, and is tied with the US in having the largest voting power at the bank.
Read the full story on Rappler
Add a comment
How does this make you feel?
Loading
There are no comments yet. Add your comment to start the conversation.