Manila, Philippines – Takehiko Nakao has been unanimously elected president of the Asian Development Bank (ADB) by its board of governors, effective April 28, 2013.[break]
Mr. Nakao is Japan’s former Vice Minister of Finance for International Affairs. He succeeds Haruhiko Kuroda, who resigned in March. Mr. Nakao will finish the unexpired term of his predecessor, which ends 23 November 2016.
In 1978, Mr. Nakao joined the Ministry of Finance of Japan, and since then, has spent
most of his career there. During his early years at the Ministry, he worked in various
capacities in such Bureaus as Tax, Security, and International Finance.
From 1994 through 1997, Mr. Nakao worked at the International Monetary Fund in Washington, D.C. as a senior - April 26, 2013, Manila, Philippines – Takehiko Nakao has been unanimously elected president of the Asian Development Bank (ADB) by its board of governors, effective April 28, 2013.
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Mr. Nakao is Japan’s former Vice Minister of Finance for International Affairs. He succeeds Haruhiko Kuroda, who resigned in March. Mr. Nakao will finish the unexpired term of his predecessor, which ends 23 November 2016.
In 1978, Mr. Nakao joined the Ministry of Finance of Japan, and since then, has spent
most of his career there. During his early years at the Ministry, he worked in various
capacities in such Bureaus as Tax, Security, and International Finance.
From 1994 through 1997, Mr. Nakao worked at the International Monetary Fund in Washington, D.C. as a senior-level staff economist (Advisor in the Policy Development and Review Department). He was engaged in policy issues of the IMF and missions to Ghana, Kyrgyz, and Jordan, etc.
After returning to Japan, Mr. Nakao worked as Director, Non-bank Division, Banking Bureau, working on legal and regulatory issues, and as Director, International Organization Division, International Bureau, dealing with the G7, the IMF, and the Okinawa Summit. In 2000, he moved to the Budget Bureau as Budget Examiner in charge of Foreign Affairs, Economy, Trade and Industry, and ODA.
In 2002, he returned to the International Bureau as Director of Development Policy Division where his focus was on ODA policy, and Paris Club public debt rescheduling. Until he took his current position in July 2005, he served as the Director for the Coordination Division at the International Bureau.
During his service within the public sector, Mr. Nakao has also written many publications including one book on the international tax system. Topics of these various publications range from hedge funds and international finance, the evolving role of the IMF, Japanese ODA policy, and Japan’s fiscal policy in the 1990’s. ■
LATEST MOVES FROM Manila, Philippines – Takehiko Nakao has been unanimously elected president of the Asian Development Bank (ADB) by its board of governors, effective April 28, 2013.[break]
Mr. Nakao is Japan’s former Vice Minister of Finance for International Affairs. He succeeds Haruhiko Kuroda, who resigned in March. Mr.