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Liqun Jin Succeeds Myoung-Ho Shin as ADB Vice-President

Liqun Jin

MANILA, PHILIPPINES (10 July 2003) - The Board of Directors of the Asian Development Bank (ADB), acting on the recommendation of President Tadao Chino, has appointed Liqun Jin as Vice-President (Operations 1) with effect from 1 August 2003.

Mr. Jin, of the People's Republic of China (PRC), succeeds Vice-President Myoung-Ho Shin, of the Republic of Korea, who is retiring after five years of service.

Mr. Jin, 53, is currently PRC's Vice Minister of Finance and mainly in charge of the budget for administrative expenses of education, science, culture and external economic affairs.

Currently the Alternate Governor for PRC at ADB, the World Bank Group and the Global Environment Facility, Mr. Jin has been active in international economic affairs for almost two decades, particularly since the Asian financial crisis in 1997.

He has worked on a number of bilateral and multilateral economic and finance forums, such as the China-US Joint Economic Committee, China-UK Economic and Finance Dialogue, APEC Finance Ministers' Meeting, ASEAN Plus Three and G-20. In addition, Mr. Jin is a member of the State Monetary Policy Committee and the Anti-Terrorism Committee of the PRC.

After serving as Alternate Executive Director at the World Bank Group for four years, Mr. Jin was appointed Director General of the World Bank Department of the Ministry of Finance in 1995. The same year, he was promoted to Assistant Minister of Finance and in 1998 became Vice Minister of Finance.

He has been responsible for supervising the PRC's financial sector and of raising funds from both international and domestic markets.

Mr. Jin holds an M.A. degree in English Literature from Beijing Foreign Studies University. He was also a Hubert Humphrey Fellow in the Economics Graduate Program at Boston University from 1987 to 1988. He joined the Ministry of Finance in 1980 after completing his graduate program from Beijing Foreign Languages Institute.

He writes extensively on economics and finance, and has published a number of books in these areas. Mr. Jin is married with a daughter.

He joins two other Vice-Presidents on ADB's management team under President Chino - Vice President (Operations 2) Joseph Eichenberger and Vice President (Finance and Administration) John Lintjer.

More at adb.org/media

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