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ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

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.

3 May 2021 CNBC Debate: Shaping the Great Reset in Asia

President Masatsugu Asakawa, Indonesia's Minister of Finance and ADB Governor Sri Mulyani Indrawati, and Standard Chartered Group Chairperson Jose Vinals joined the CNBC Debate on 3 May 2021. Panelists agreed that coordination and collaboration among governments, the private sector, and multilateral organizations will be critical as Asia and the Pacific rebuilds for a green, resilient, and inclusive future. President Asakawa emphasized the important role domestic resource mobilization and international tax cooperation will play in financing recovery efforts and achievement of the Sustainable Development Goals. Watch the video recording.

3 May 2021 President Asakawa speaks at 24th ASEAN+3 Finance Ministers and Central Bank Governors Meeting

President Masatsugu Asakawa on 3 May 2021 joined finance ministers and central bank governors from the Association of Southeast Asian Nations, People's Republic of China, Japan, and the Republic of Korea at the 24th AFMGM+3 meeting at the ADB 54th Annual Meeting. In his speech, President Asakawa reaffirmed ADB's commitment to helping developing memer countries procure safe and effective vaccines and distribute them swiftly and equitably. Looking forward, he emphasized the importance of investing in digital infrastructure and narrowing the digital divide to unlock the digital potential for inclusive and resilient growth in ASEAN+3. He also highlighted the need to enhance domestic resource mobilization to ensure a sustained and enduring recovery. He was joined by representatives from the IMF and AMRO in this session. See the President's speech and presentation

3 May 2021 ADB Management meets with civil society orgranizations

President Masatsugu Asakawa met on 3 May 2021 with representatives of civil society organizations (CSOs) for a dialogue on how ADB and CSOs can collaborate toward resilient and green recovery for the region. In his message, the President acknowledged the significant roles of CSOs in COVID-19 responses and their engagement in ADB's operations and policy work in the last 12 months. The discussion, attended by 811 participants, focused on ADB's directions on addressing climate change, promoting clean energy and strengthening ADB's engagement with CSOs on these issues. Watch the video recording.

3 May 2021 Governors' Seminar discusses cooperation for a resilient future

President Masatsugu Asakawa joined ADB Governors on 3 May 2021 as they discussed how to leverage regional cooperation and integration to foster a recovery that is green, resilient, and inclusive. The President underscored three priorities of reinvigorating trade, investment, and regional supply chains; strengthening regional financial safety nets; and enhancing regional health security. See the video recording.

3 May 2021 ADB launches Asia Pacific Tax Hub to enhance support for developing member countries

President Masatsugu Asakawa at the Annual Meeting webinar on 3 May 2021 launched the Asia Pacific Tax Hub to provide an open and inclusive platform for strategic policy dialogue, knowledge sharing, and development coordination among ADB, its members, and development partners. Japan's Deputy Prime Minister, Minister of Finance, Minister of State for Financial Services, and ADB Governor Taro Aso gave opening remarks. President Asakawa presented the foundations of the hub followed by panel discussions on three key foundation blocks: medium-term revenue strategies; automation of the tax administration; and international tax cooperation. See the President's speech and presentation slides, and the news release, and video recording.




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.