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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.

20 May 2021 President Asakawa meets corporate executives from Japan Business Federation

President Masatsugu Asakawa on 20 May 2021 gave an online lecture to Japan's corporate executives from the Japan Business Federation (Keidanren) on ADB's business model, the economic outlook of Asia and the Pacific, ADB's COVID-19 response, and the partnership between ADB and Japan through the Leading Asia's Private Infrastructure Fund, High-Level Technology Fund and Japanese private sector's investments in ADB’s thematic bonds. He also elaborated on his five priorities to achieve inclusive, resilient, and sustainable growth in Asia. President Asaakwa answered questions on the ongoing Energy Policy review, digitalization of the Chinese yuan, ADB's graduation policy, and possible collaboration with the private sector through various trust fund programs. About 140 corporate executives attended the meeting. 

19 May 2021 President Asakawa meets WHO representatives in Asia and the Pacific region

President Masatsugu Asakawa on 19 May 2021 met with the directors of the World Health Organization’s Western Pacific region, Takeshi Kasai, and South-East Asia region, Poonam Khetrapal Singh, to discuss the ongoing partnership between ADB and WHO in the context of the COVID-19 pandemic. The WHO through its regional offices has partnered closely with ADB to develop responses at the country level, and both institutions will coordinate on easing constraints facing delivery of vaccines, including vaccine hesitancy. The WHO leaders shared the current status of the pandemic, the recent surge in the region, and the importance of closely monitoring COVID-19 variants. President Asakawa shared updates on ADB's recent actions to modify eligibility for vaccines financed under its $9 billion Asia Pacific Vaccine Access Facility. The President also conveyed ADB’s interest to increase the sustainable supply of vaccines, for instance, through investments to support vaccine manufacturers in the region to expand their manufacturing capacity. Both organizations confirmed their commitment to restore progress towards universal health coverage and achieving affordable and high-quality healthcare for all in Asia and the Pacific region.

17 May 2021 President Asakawa meets new OECD Secretary-General

President Masatsugu Asakawa and newly elected Organisation for Economic Co-operation and Development (OECD) Secretary-General Mathias Cormann in their first meeting on 17 May 2021 reaffirmed the strong and long-standing partnership between the two institutions, particularly reflecting on the successful collaboration supporting anticorruption, taxation, and tackling climate change. They agreed there was scope to further deepen the partnership given the needs of developing member countries and OECD’s growing engagement across the Asia and the Pacific region.

13 May 2021 President Asakawa meets with ADB Governor for Ireland

President Masatsugu Asakawa and Ireland's Minister for Finance and ADB Governor Paschal Donohoe on 13 May 2021 discussed the impact of and ADB's response to COVID-19 in Asia and the Pacific. They agreed that the future focus will need to be on ensuring a green, resilient, and inclusive recovery. Governor Donohoe thanked ADB for the excellent cooperation under the Ireland Trust Fund for Building Climate Change and Disaster Resilience in Small Island Developing States which is an important pillar in Ireland's engagement with ADB. He also thanked President Asakawa for his strong leadership and acknowledged the work of all ADB staff in challenging times. 

12 May 2021 President Asakawa meets with heads of regional development banks

President Masatsugu Asakawa, on 12 May 2021 met with heads of regional development banks - African Development Bank President Akinwumi Adesina, European Bank for Reconstruction and Development President Odile Renaud-Basso, and Inter-American Development Bank President Mauricio Claver-Carone. They discussed key strategic priorities, including response to the COVID-19 pandemic, support for clients' long-term development needs, and achieving a lasting and equitable recovery. President Asakawa conveyed ADB's commitment and targets to support climate actions, equitable access to social and health services, high-quality green and digital infrastructure, regional cooperation and integration, and domestic resource mobilization. The heads also exchanged views on G20 coordination and efforts to support member countries' transition to a net-zero carbon economy and alignment with the Paris Agreement. 

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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.