Masato Kanda Seeks Reelection as ADB President After Record $44B Support
Summary
ADB President Masato Kanda announced his intention to stand for reelection after his current term ends on 23 November 2026. Under his leadership, ADB committed $29.3 billion from its own resources in 2025 — a 20% increase over 2024 — with partners contributing an additional $14.7 billion, for a total of $44 billion of development finance. ADB Presidents are nominated from ADB's regional members for a five-year term and elected by the ADB Board of Governors. The Board of Governors will vote on Mr. Kanda's candidacy for a full five-year term.
“ADB Presidents are nominated from ADB's regional members for a 5-year term and elected by the ADB Board of Governors.”
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What changed
Masato Kanda, elected ADB President on 28 November 2024 and assuming office on 24 February 2025 to serve the remaining term of predecessor Masatsugu Asakawa, announced his intention to stand for reelection as ADB President. Under his leadership, ADB committed $29.3 billion from its own resources in 2025 — a 20% year-over-year increase — with partners contributing $14.7 billion for a record total of $44 billion in development finance. ADB also advanced major initiatives including $10 billion for the ASEAN Power Grid, over $10 billion for the CAREC Program, $14 billion toward its $40 billion food systems transformation commitment, and updated its energy policy to support nuclear power for the first time.
This is an informational governance announcement from a multilateral development bank. It does not create compliance obligations for regulated entities. Companies operating in ADB member countries in Asia and the Pacific may wish to monitor the election outcome, as a leadership transition could influence ADB's financing priorities, sector focus, and regional initiative allocations. No immediate action is required by private-sector parties.
Archived snapshot
Apr 23, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
MANILA, PHILIPPINES (22 April 2026) — Asian Development Bank (ADB) President Masato Kanda today announced his intention to stand for reelection as President after his current term ends on 23 November 2026.
"In this time of radical transformation where the development landscape is threatened by multiple, compounding shocks, the Asian Development Bank provides an anchor of stability for our developing member countries in Asia and the Pacific," said Mr. Kanda. "With the trust of our partners, it would be my honor to continue leading ADB for the next five years. If reelected my foremost priority will be urgent action to protect our region against the challenges of today, while we build a brighter future for the next generation."
ADB Presidents are nominated from ADB's regional members for a 5-year term and elected by the ADB Board of Governors. Mr. Kanda was elected as President by the Board of Governors on 28 November 2024 and assumed office on 24 February 2025, to serve the remaining term of his predecessor, Mr. Masatsugu Asakawa.
Under Mr. Kanda’s leadership, ADB delivered at an unprecedented scale in 2025, committing $29.3 billion of support from its own resources—20% more than in 2024—with partners contributing $14.7 billion for a total of $44 billion of development finance. ADB also advanced major regional initiatives, announcing $10 billion for the ASEAN Power Grid (APG), over $10 billion for the CAREC Program, and spearheading the establishment of the Regional Connectivity Fund for APG. ADB also delivered $14 billion toward its $40 billion food systems transformation commitment and is providing comprehensive support for the Philippines’ ASEAN 2026 Chairship as Asia and the Pacific's main bank.
ADB also responded quickly to crises, as the first MDB to announce a support package for the Middle East conflict and by delivering rapid assistance for disasters and emergency response in Afghanistan, Myanmar, Pakistan, the Philippines, Sri Lanka, Thailand, and Viet Nam.
To meet the region's evolving demands, ADB updated its energy policy to support nuclear power for the first time, and launched a new Environmental and Social Framework, a strengthened procurement approach, and a first-of-its-kind agreement with the World Bank Group to fully rely on each other's systems in cofinanced sovereign projects. Other reforms included the first amendment to the Charter in ADB's 60-year history, unlocking a 50% expansion in its operations, and a new Strategic Human Resource Framework to ensure that ADB remains agile, capable, and fit for purpose.
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.
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- Perrin, Andrew Director, Planning Division +63 2 8683 1536 +63 999 999 1536 E-mail contact form
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