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Masato Kanda Reappointed to Lead Asian Development Bank

Masato Kanda secured a second term as President of the Asian Development Bank following a unanimous vote by the Board of Governors. His new five-year tenure begins on 24 November 2026, tasking him with navigating the institution through regional economic volatility, mounting climate pressures, and persistent global market shocks.

Masato Kanda Reappointed to Lead Asian Development Bank

Kanda characterized the appointment as a significant expression of trust during a period of historical instability. He emphasized that regional economies are confronting fresh disruptions before fully recovering from previous crises, necessitating a more agile and financially robust response from the bank. His strategy centers on maintaining the institution as an anchor of stability while prioritizing immediate hardship relief alongside long-term developmental investments.

Under his leadership, the bank reached a record $44 billion in assistance during 2025, with $29 billion derived from internal resources and $15 billion through strategic cofinancing. A recent amendment to the ADB Charter further bolsters this capacity, allowing annual financing from its own resources to exceed $36 billion. Kanda, who previously served as a Special Advisor to Japan's Prime Minister and as Vice-Minister of Finance for International Affairs, now has a full five-year mandate to implement these expanded financial tools.

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