The Asian Development Bank (ADB) on Tuesday reelected its current president, Masato Kanda, for a second term, adding that he received unanimous support from the members of ADB’s Board of Governors voting in the recently concluded election.

ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members — 50 from the region.

In a press release, the bank said that "Asian Development Bank (ADB) President Masato Kanda received unanimous support for a second term as ADB president from the members of ADB’s Board of Governors voting in the recently concluded election. His new term runs for five years beginning November 24, 2026."

It added that Kanda was first elected as the bank's 11th president on November 27, 2024, and assumed the position on February 24, 2025, serving the remaining term of his predecessor, Masatsugu Asakawa.

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According to the press release, the ADB "has significantly expanded its support to members during a period of overlapping crises" since Kanda took office, further adding that in 2025, it provided a "record $44 billion in support, including more than $29 billion from its own resources and nearly $15 billion in cofinancing".

"A historic amendment to the ADB Charter paved the way for a 50% increase in ADB’s annual financing capacity, enabling annual financing from ADB’s own resources to exceed $36 billion," it added.

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The ADB further noted that before joining it, Kanda served as a special adviser to Japan's prime minister and finance minister from 2024 to 2025, Japan's vice-minister of finance for international affairs from 2021 to 2024, and represented Japan in major international forums, including the Group of Seven and Group of Twenty.

“I am deeply honoured by the trust our members have placed in me at this critical moment in our region’s history. New shocks are striking Asia and the Pacific, even before economies have recovered from the last, and the international order is under its greatest strain in generations,” Kanda stated in a post on X.

“ADB must be the region's anchor of stability. But stability cannot mean standing still. We must mobilise with speed and at the scale our members need, to protect people today while helping build a brighter future for the next generation.”