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 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.
Global value chains present significant growth opportunities for developing economies even in the wake of the COVID-19 pandemic, and their contribution to the world economy may be much larger than normally reported, according to a report...
The Asian Development Bank today welcomed the scaled-up commitments from its developing member countries at COP26 as a promising step forward to strengthen actions in the global battle against climate change.
ADB President Masatsugu Asakawa, Indonesian Finance Minister Sri Mulyani Indrawati, and Philippine Finance Secretary Carlos G. Dominguez announced at COP26 the launch of a new partnership to establish an Energy Transition Mechanism.
The Government of Japan today announced a grant of $25 million toward the Energy Transition Mechanism partnership led by the Asian Development Bank.
The Asian Development Bank and other leading multilateral development banks issued today a high-level joint statement affirming their commitment to mainstreaming nature into their policies, analysis, assessments...
The presidents of the Asian Development Bank and European Investment Bank signed a memorandum of understanding today setting out areas of cooperation in Asia and the Pacific over the next 5 years.
Four partners have collectively pledged $665 million toward a platform managed by the Asian Development Bank that aims to mobilize an additional $7 billion for low-carbon and climate-resilient infrastructure projects in Southeast Asia...
ADB President Masatsugu Asakawa today reaffirmed ADB’s support for a rapid economic recovery, infrastructure development, and regional cooperation at the 14th Brunei Darussalam–Indonesia–Malaysia–Philippines East...
The Asian Development Bank has approved a $25 million project to help the Government of the Kyrgyz Republic procure and deploy COVID-19 vaccines and strengthen the country’s capacity to implement its vaccination program.
The Asian Development Bank has approved a new energy policy to support universal access to reliable and affordable energy services, while promoting the low-carbon transition in Asia and the Pacific.
Speech by Masatsugu Asakawa, ADB President, at the ASEAN Finance Ministers’ Meeting (AFMM)’s Special Session with ASEAN Finance Ministers, Central Bank Governors, and Heads of International Financial Organizations, 30 March 2021
Speech by Masatsugu Asakawa, President, Asian Development Bank, at the Southeast Asia Development Symposium, 17 March 2021
Speech by Masatsugu Asakawa, President, Asian Development Bank on International Women’s Day, 8 March 2021
Video message by Masatsugu Asakawa, President, Asian Development Bank, at the UN ESCAP High-level Dialogue on Shaping the Future of Regional Cooperation in Asia and the Pacific, 18 February 2021
Video message by Masatsugu Asakawa, President, Asian Development Bank, at ADB Staff Appreciation Day 2020, 11 December 2020
Speech by Masatsugu Asakawa, President, Asian Development Bank, at International Anticorruption Day: Strengthening Governance Systems to Combat Illicit Financial Flows in the Time of COVID-19, 9 December 2020
Keynote address by Masatsugu Asakawa, President, Asian Development Bank, at the 19th Ministerial Conference of Central Asia Regional Economic Cooperation, 7 December 2020.
Speech by Masatsugu Asakawa, President, Asian Development Bank, at the International Anticorruption Conference, 1 December 2020
Keynote speech by Masatsugu Asakawa, President, Asian Development Bank, at the 2020 ADBI Annual Conference on The Impacts of the COVID-19 Pandemic and its Policy Implications, 1 December 2020
Keynote address by Masatsugu Asakawa, President, Asian Development Bank, at the Forum on Successful Project Design and Implementation: Rising to the COVID-19 Challenge and Beyond, 10 November 2020
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. In August 2021, he was reelected for a 5-year term starting on 24 November 2021.
Under Mr. Asakawa’s leadership, ADB made significant contributions to the region’s COVID-19 pandemic response and recovery planning with a $20 billion comprehensive response package and $9 billion Asia Pacific Vaccine Access Facility. He also played a key role in rolling out a series of new and innovative financing initiatives—including an Energy Transition Mechanism — to spur the region’s low-carbon development and elevated ADB’s 2030 cumulative climate financing ambition to $100 billion as ADB continues to focus on the battle against climate change.
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.