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A Generation of Growth

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The Fujioka Years (1981-1989)

Masao Fujioka was a man in a hurry when he took over in 1981. Upon his arrival at the airport, he sent his bags home and was driven straight to the office. Fujioka was instrumental in promoting greater coordination of Bank operations, increased co-financing, and equity investments to private enterprise.

In 1986, the People's Republic of China joined the Bank, and the first loan was approved for India, a $100 million loan to the Industrial Credit and Investment Corporation of India for onlending to private sector enterprises.

Under Fujioka, additional replenishments were made to ADF, and the Japan Special Fund was created. Fujioka also presided over a third general capital increase (GCI III) in 1983 which raised the Bank's capital by 105 per cent.

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