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Masatsugu Asakawa

Masatsugu Asakawa 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 on 17 January 2020.

15 April 2021 President Asakawa speaks at Chatham House on shaping Asia's recovery

President Masatsugu Asakawa on 15 April 2021 addressed Chatham House partners and major corporate members at a virtual briefing on shaping Asia's recovery. He discussed the region's key priorities to manage risks and bounce back better from the COVID-19 pandemic, and highlighted how ADB is helping its members toward the path of resilient and sustainable recovery. 

14 April 2021 President Asakawa, AFD CEO Rémy Rioux discuss collaboration ahead of annual consultation

President Masatsugu Asakawa and Agence Française de Développement Group Chief Executive Officer Rémy Rioux on 14 April 2021 reaffirmed the importance of collaboration between the two institutions, particularly on issues such as climate change ambitions, and green, resilient and inclusive post-COVID-19 recovery. The two leaders held the discussion ahead of the start of AFD-ADB annual high-level consultations on 14 and 15 April 2021, where the President delivered opening remarks. Read the news release

13 April 2021 President Asakawa, AIIB President Jin discuss MDB coordination on health, climate, and G20

President Masatsugu Asakawa and Asian Infrastructure Investment Bank (AIIB) President Liqun Jin in a conference call on 13 April 2021 discussed coordination of multilateral development banks' (MDB) contribution to health financing, climate ambitions, and responses to requests from G20. AIIB is chairing the MDB Heads meeting this year, with the first meeting scheduled to take place on 21 April 2021. 

7 April 2021 President Asakawa, IFC Managing Director discuss expanding development cooperation

President Masatsugu Asakawa and the new International Finance Corporation Managing Director and Executive Vice President Makhtar Diop in a conference call on 7 April 2021 discussed common development goals and strategic priorities. President Asakawa congratulated Mr. Diop on his appointment on 1 March 2021 and appreciated the collaborative partnership that has seen ADB-IFC cofinancing rise about fourfold in the last 10 years. The President called for expanding collaboration with IFC on responding to COVID-19 vaccine production and delivery, tackling climate change, bridging the digital divide, and mobilizing private financing toward a more resilient and sustainable Asia and the Pacific. 

7 April 2021 First SDG Dialogue - A Decade of Action: Enabling the SDGs in Asia and the Pacific

President Masatsugu Asakawa on 7 April 2021 delivered keynote remarks on ADB's approach to the SDGs at the first SDG Dialogue. A panel including former New Zealand Prime Minister and UNDP Administrator Helen Clark, ADB Executive Director Roger Fischer, and ADB Directors' Advisor Bredina Drollet explored opportunities for ADB to help countries make progress towards the SDGs as they recover from the COVID-19 pandemic. VP Bambang Susantono delivered closing remarks. Read the news release.

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Masatsugu Asakawa 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 on 17 January 2020.

Prior to joining ADB, he served as Special Advisor to Japan’s Prime Minister and Minister of Finance, and has a close-to-four decades’ career at the Ministry of Finance with diverse professional experience that cuts across both domestic and international fronts.

In the immediate aftermath of the Global Financial Crisis, Mr. Asakawa, in his capacity as Executive Assistant to Prime Minister Taro Aso, took part in the first G20 Leaders’ Summit Meeting in November 2008. He was instrumental in orchestrating a globally coordinated financial package to abate the financial crisis, including a $100 billion loan from Japan to the International Monetary Fund (IMF). Then in 2016, in his capacity as Vice Minister of Finance for International Affairs, he took on a leading role for the G7 Finance Ministers and Central Bank Governors’ meeting in Sendai under the Japanese presidency, where a sustainable and inclusive development agenda was extensively discussed.

Most recently, he served as Finance Deputy for the G20 meetings under the Japanese presidency, playing a pivotal role for the success of the G20 Osaka Summit as well as the G20 Finance Ministers and Central Bank Governors’ meeting in Fukuoka. Some of his outstanding achievements in Osaka include the endorsement by the G20 Leaders of the “G20 Principles for Quality Infrastructure Investment” and the “G20 Shared Understanding on the Importance of UHC Financing in Developing Countries”. Before these, he had occupied various prominent positions within the Finance Ministry, including director positions in charge of development policy issues, foreign exchange markets, and international tax policy.

Mr. Asakawa’s professional experience extends beyond the realms of the Japanese government. Most notably, he served as Chief Advisor to ADB President Kimimasa Tarumizu between 1989 and 1992, during which time he spearheaded the creation of a new office focused on strategic planning. Also, he had frequent engagement with the Organisation for Economic Co-operation and Development in such positions as Chair for Committee on Fiscal Affairs (2011–2016). Furthermore, he was a senior staff at the Fiscal Affairs Department of the IMF (1996–2000). In the meantime, he gave lectures as Visiting Professor at the Graduate School of Economic Science, Saitama University (2006–2009), and at the Graduate School of Arts and Sciences, University of Tokyo (2012–2015).

Mr. Asakawa obtained his BA from University of Tokyo (Economics Faculty) in 1981, and MPA from Princeton University, USA, in 1985.