ADB prexy Asakawa cuts short 2nd term, exits in February

Quick Summary:

ASIAN Development Bank (ADB) President Masatsugu Asakawa announced on Monday that he has decided to cut short his second term by stepping down on the last Sunday of February next year.

In electing a President, the ADB Charter requires a majority of the total number of Governors, which must represent a majority of the total voting power of ADB members.

The Asian Development Fund (ADF) has been pivotal in supporting the region’s poorest and most vulnerable nations.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Asia Pacific Billion President Member Support Development Adb’s Bank Term Asakawa

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 16:06:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 515 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22433940

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