President Nakao discusses technological innovation and regional cooperation in Hong Kong, China
The President met with Financial Secretary and ADB Governor for Hong Kong, China Paul Chan Mo-po and Chief Executive of the Hong Kong Monetary Authority and ADB Alternate Governor Norman Chan on 15 January. He also met with James Lau, Secretary for Financial Services and the Treasury. He also spoke at the 11th Asian Financial Forum. He discussed the potential effects of technological innovation on employment, productivity, quality of services, and macro economy. President Nakao also highlighted ADB collaboration with Hong Kong, China on regional cooperation, including the Belt and Road Initiative, the Central Asia Regional Economic Cooperation Program, and the Greater Mekong Subregion. Read the news release.
President Nakao discusses 2017 highlights with media
The President met international media from the Foreign Correspondents Association of the Philippines (FOCAP) in an event at ADB headquarters in Manila on 12 January. He discussed ADB's operational performance over the past year and strategic priorities for 2018. He also spoke about the regional economic outlook, the Philippine economy, and ADB's partnership with the country. About 30 FOCAP members attended. Read the news release and see the photo.
President Nakao, Philippines Finance Secretary sign Mindanao roads project loan
President Nakao and Philippines Finance Secretary Carlos G. Dominguez III met on 10 January at ADB headquarters. They signed a $380 million loan for the Improving Growth Corridors in Mindanao Road Sector Project, ADB's biggest investment in this region of the Philippines and its first Mindanao-specific infrastructure project in 16 years. ADB and the Philippine Government also exchanged loan documents for the $300 million Encouraging Investments through Capital Market Reforms Program Subprogram 2. They also discussed the 51st Annual Meeting of the Board of Governors in May 2018 to be held in Manila as well as economic developments and structural reform in the Philippines. See the President’s welcome remarks, news release, and photo.
President Nakao celebrates 2017 with staff
At an event at ADB headquarters in Manila in 15 December President Nakao thanked all staff for their hard work and commitment over the previous year and highlighted notable achievements including certain innovations in ADB operations. The President also presented long-service awards to staff. See the photo.
ADB celebrates International Anticorruption Day
President Nakao led ADB staff in commemorating International Anticorruption Day on 8 December 2017 in ADB Headquarters, Manila, Philippines. In his remarks, the President urged Management and staff to be champions in the fight against corruption, money laundering, and other illicit activities. Read the news release and see the photo.
President Nakao addresses ADBI annual conference
The President delivered the keynote speech at the Asian Development Bank Institute’s Annual Conference on managing private and local government debt on 30 November in Tokyo. He recommended policies to ease municipal government debt and to help countries prepare for possible financial crises. The conference discussed debt increase in Asia and drew lessons from case studies in the region. See the photo.
President Nakao highlights RCI’s role in reducing inequality and promoting sustainability
The President made the keynote address at the opening of RCI Week on 27 November at ADB headquarters in Manila. He spoke of the importance of regional cooperation and integration in reducing inequality, bridging infrastructure gaps, and building greater financial resilience. The event includes discussions on economic corridors, RCI skills and career mobility, and RCI corporate reporting. See the photo.
People’s Republic of China Finance Minister visits ADB
President Nakao received People’s Republic of China (PRC) Finance Minister and ADB Governor Xiao Jie, together with Vice Finance Minister and ADB Alternate Governor Shi Yaobin on 14 November at ADB headquarters in Manila. The President congratulated Minister Xiao on the outcome of the 19th National Congress of the Communist Party of China and discussed the PRC’s economic development, challenges, and lessons learned. They discussed enhanced cooperation between ADB and the PRC, as well as ADB’s role in sustainable development in Asia and the Pacific.
ADB Alternate Governor for Luxembourg visits ADB
President Nakao met with ADB Alternate Governor for Luxembourg Arsene Jacoby on 7 November at ADB headquarters in Manila. Mr Jacoby is also Director of Multilateral Affairs, Development Cooperation, and Compliance in the Ministry of Finance. They discussed ADB’s Strategy 2030 as well as the partnership between Luxembourg and ADB. See the photo.
President reaffirms ADB’s strong support to CAREC
President Nakao, in a special address at the 16th CAREC Ministerial Conference on 27 October, reaffirmed ADB's commitment to support the CAREC Program. The Ministerial Conference endorsed the new CAREC long-term strategy leading to 2030. See news release and photo.