As a result
of the nomination by the Cabinet of Japanese Prime Minister Shinzo Abe of Asian
Development Bank (ADB) president Haruhiko Kuroda as governor of the Bank of
Japan, ADB announced today that Kuroda has submitted his resignation from ADB,
effective March 18.
An election of a successor to complete Kuroda’s term will be held by the Board of Governors of ADB in accordance with ADB’s Charter.
An election of a successor to complete Kuroda’s term will be held by the Board of Governors of ADB in accordance with ADB’s Charter.
“I have been
deeply honored to have served as ADB president and chairperson of ADB’s Board
of Directors,” Kuroda said, adding that he has also been privileged to have
worked with an exceptionally strong and committed Board and talented and
dedicated staff. “I have every confidence in the continued success of ADB in
the pursuit of its critical mission to alleviate poverty.”
Kuroda is a graduate of Tokyo University and the University of Oxford and previously served as Japan’s vice minister of Finance for International Affairs. He served simultaneously as president of ADB and chairperson of ADB’s Board of Directors. Kuroda was first elected by ADB’s Board of Governors in November 2004 and assumed office in February 2005. He was reelected for a third term in November 2011. His nomination to the Bank of Japan is subject to the approval of both houses of Japan’s Parliament.
Kuroda is a graduate of Tokyo University and the University of Oxford and previously served as Japan’s vice minister of Finance for International Affairs. He served simultaneously as president of ADB and chairperson of ADB’s Board of Directors. Kuroda was first elected by ADB’s Board of Governors in November 2004 and assumed office in February 2005. He was reelected for a third term in November 2011. His nomination to the Bank of Japan is subject to the approval of both houses of Japan’s Parliament.
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