The President on 22 January participated in the World Economic Forum Annual Meeting in Davos, Switzerland. President Nakao spoke about Asia’s economic outlook, emphasized the importance of infrastructure, and identified key challenges such as demographic change and education. He held bilateral meetings with Queen Maxima of The Netherlands; Gordon Brown, the UK's former Prime Minister; Felipe Calderón, Mexico's former President; and Josh Frydenberg, Australia's Assistant Treasurer. President Nakao also gave interviews to CNBC Europe and BBC on Asia's macroeconomic outlook.
At a retreat for heads of multilateral development banks (MDBs) on 20-21 January in Zurich, Switzerland President Nakao highlighted the importance of cooperation in responding to crises and building country resilience. Mobilizing financing, scaling up collaboration, and increasing infrastructure financing were also discussed at the retreat.
The President met with Indonesia's President Joko Widodo in Jakarta on 13 January to discuss the country's economic reform program and further cooperation. President Nakao also met with Vice President Jusuf Kalla, and Finance Minister and ADB Governor Bambang Brodjonegoro during his 3-day visit to Indonesia. Read the news release.
The President spoke at the 5th Greater Mekong Subregion (GMS) Summit in Bangkok on 20 December, calling on the subregion to build on its economic achievements of the last two decades. He commended the GMS program for fostering connectivity, economic competitiveness, and a sense of community across the six member countries. He also met with Thailand's Prime Minister Prayuth Chan-ocha, Finance Minister and ADB Governor Sommai Phasee, and Bank of Thailand Governor Prasarn Trairatvorakul. Read the news release.
In a speech on 9 December the President noted progress made by developing member countries in their anticorruption efforts and stressed the importance of good governance and public service delivery for Asia’s development. He called on ADB staff to renew their commitment to work together to fight corruption.
Takehiko Nakao is the President of the Asian Development Bank (ADB) and the Chairperson of ADB's Board of Directors. He was elected President by ADB's Board of Governors and assumed office in April 2013.
Before joining ADB, Mr. Nakao was the Vice Minister of Finance for International Affairs at the Ministry of Finance of Japan.
In a career spanning more than three decades, Mr. Nakao has gained extensive experience in international finance and development. He has held senior positions in the Ministry of Finance in Japan, which he joined in 1978, including Director-General of the International Bureau, where he fostered close ties with leading figures in the Asia-Pacific region, and G20 nations.
He was assigned as Minister at the Embassy of Japan in Washington D.C., between 2005 and 2007, and from 1994 to 1997 served as economist and advisor at the International Monetary Fund.
He has published books and numerous papers on financial and economic issues, and in 2010 and 2011 was a Visiting Professor at the University of Tokyo.
Born in 1956, Mr. Nakao holds a Bachelor's degree in Economics from the University of Tokyo and a Master of Business Administration from the University of California, Berkeley.