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Statement by Minister Aso on Nomination of Candidate for ADB Presidency

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(Provisional translation)
March 7, 2013

Statement by Mr. Taro Aso, Minister of Finance, Japan


  1. Since Mr. Haruhiko Kuroda expressed on February 28 his intention to resign from the presidency of the Asian Development Bank (ADB) with effect from March 18, procedures for the conduct of the election were approved yesterday and nominations for the ADB presidency are to start today.

  2. Japan has the pleasure of nominating Mr. Takehiko Nakao, currently serving as Vice Minister of Finance for International Affairs, as a candidate to succeed Mr. Kuroda as President of the ADB. Having served in many areas within the Ministry of Finance, and in particular in the international side of it, including as Director-General of the International Bureau and Vice Minister of Finance for International Affairs, Mr. Nakao has gained extensive experiences in international finance and development. During his service, Mr. Nakao has fostered close relationships with leading figures in countries in the Asia-Pacific region and G20 among others, as well as with the management of the IMF and Multilateral Development Banks. In addition, he has broad and in-depth knowledge of the Asian region. Against this backdrop, I strongly believe that Mr. Nakao is the most qualified candidate for fulfilling the important responsibilities of the ADB President.

  3. It is a shared understanding of the international community that heads of international institutions should be elected on an open, transparent and merit basis. In this regard, I will seek strong support from all ADB member countries for Mr. Nakao’s candidacy for President of the ADB.