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Masatsugu Asakawa

26 October 2020

President Asakawa convenes 11th?meeting of Advisory Group on Climate Change and Sustainable Development

President Masatsugu Asakawa convened the 11th?consultation meeting of ADB’s Advisory Group on Climate Change and Sustainable Development on 26 October 2020. He reiterated ADB’s unwavering commitment to climate action and sustainable development in Asia and the Pacific while supporting its developing members to deal with the challenges posed by COVID 19. ?

The meeting emphasized the need for ADB and partners to ensure that the recovery from COVID-19 is green, inclusive, and resilient to ensure the longer-term transformations needed to meet the UN’s Sustainable Development Goals and the objectives of the Paris Agreement.

The advisory group comprises Prof. Hoesung Lee, the Chair of the Intergovernmental Panel on Climate Change (IPCC); Prof. Jeffrey Sachs of Columbia University; Dr. Leena Srivastava, the Deputy Director General for Science at the International Institute for Applied Systems Analysis; Dr. Andrew Steer, President and CEO of the World Resources Institute; Prof. Dadi Zhou, Director General (Emeritus) of the Energy Research Institute; Laurence Tubiana, CEO of the European Climate Foundation; and Prof. Yukari Takamura of the University of Tokyo.

The group was founded in 2009 to help ADB strategically direct its investments and technical assistance to low-emission and climate-resilient development in the region.?Read the President's welcome remarks.

21 October 2020

President Asakawa meets with heads of multilateral development banks

President Masatsugu Asakawa on 21 October 2020 met with the heads of 10 other MDBs and the International Monetary Fund to discuss MDBs’ response to the COVID-19 pandemic in an MDB Heads meeting organized on the sidelines of the IMF-World Bank Group virtual annual meetings. The president emphasized six key areas to ensure a more inclusive, resilient, and sustainable recovery. These are promoting regional cooperation and integration; investing more in health, education, and social protection; promoting quality infrastructure; accelerating digital transformation; strengthening domestic resource mobilization; and ensuring equitable and affordable access to vaccines. See .?

21 October 2020

Inaugural ADB Southeast Asia Development Symposium (SEADS) brings together governments and tech leaders

The inaugural symposium on 21 October 2020 explored how Southeast Asian nations can utilize digital technology to mitigate COVID-19 impacts and support long-term economic recovery. In the opening keynote address, President Masatsugu Asakawa urged countries to close the digital divide and promote equitable growth amidst the pandemic.?Read the 聚力体育直播 release.

2 October 2020

President Asakawa joins ASEAN Finance Ministers and Central Bank Governors Meetings

President Masatsugu Asakawa?on 2 October 2020 participated in the 24th?Association of Southeast Asian Nations (ASEAN) Finance Ministers’ Meeting?(AFMM) and the 6th?ASEAN Finance Ministers’ and Central Bank Governors’ Meeting, (AFGM) both held virtually. Mr. Asakawa?spoke at the AFMM about?ADB’s response to the coronavirus disease (COVID-19) pandemic and?five key policy issues to build a resilient and sustainable future. At the AFMGM, he outlined how ASEAN can navigate remaining risks and avert further?crises, address underlying financial vulnerabilities, and strengthen financial resilience through closer collaboration.

1 October 2020

President Asakawa discusses ongoing cooperation with Kyrgyz Republic Finance Minister

President Masatsugu Asakawa on 1 October 2020 held a virtual meeting with the Kyrgyz Republic Finance Minister and ADB Governor Baktygul Jeenbaeva to discuss ADB’s ongoing support for the government’s efforts to mitigate the impact of COVID-19. The President reaffirmed ADB’s commitment to helping Kyrgyz Republic and Minister Jeenbaeva expressed her gratitude for ADB’s ongoing support.?ADB has approved?$50 million?in budget support,?$20 million?in emergency assistance, and $1 million in grants to help the country mitigate?the impact of the pandemic.?

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Masatsugu Asakawa


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Masatsugu Asakawa is the President of the Asian Development Bank (ADB) and the Chairperson of ADB’s Board of Directors. He was elected President by ADB’s Board of Governors and assumed office on 17 January 2020.

Prior to joining ADB, he served as Special Advisor to Japan’s Prime Minister and Minister of Finance, and has a close-to-four decades’ career at the Ministry of Finance with diverse professional experience that cuts across both domestic and international fronts.

In the immediate aftermath of the Global Financial Crisis, Mr. Asakawa, in his capacity as Executive Assistant to Prime Minister Taro Aso, took part in the first G20 Leaders’ Summit Meeting in November 2008. He was instrumental in orchestrating a globally coordinated financial package to abate the financial crisis, including a $100 billion loan from Japan to the International Monetary Fund (IMF). Then in 2016, in his capacity as Vice Minister of Finance for International Affairs, he took on a leading role for the G7 Finance Ministers and Central Bank Governors’ meeting in Sendai under the Japanese presidency, where a sustainable and inclusive development agenda was extensively discussed.

Most recently, he served as Finance Deputy for the G20 meetings under the Japanese presidency, playing a pivotal role for the success of the G20 Osaka Summit as well as the G20 Finance Ministers and Central Bank Governors’ meeting in Fukuoka. Some of his outstanding achievements in Osaka include the endorsement by the G20 Leaders of the “G20 Principles for Quality Infrastructure Investment” and the “G20 Shared Understanding on the Importance of UHC Financing in Developing Countries”. Before these, he had occupied various prominent positions within the Finance Ministry, including director positions in charge of development policy issues, foreign exchange markets, and international tax policy.

Mr. Asakawa’s professional experience extends beyond the realms of the Japanese government. Most notably, he served as Chief Advisor to ADB President Kimimasa Tarumizu between 1989 and 1992, during which time he spearheaded the creation of a new office focused on strategic planning. Also, he had frequent engagement with the Organisation for Economic Co-operation and Development in such positions as Chair for Committee on Fiscal Affairs (2011–2016). Furthermore, he was a senior staff at the Fiscal Affairs Department of the IMF (1996–2000). In the meantime, he gave lectures as Visiting Professor at the Graduate School of Economic Science, Saitama University (2006–2009), and at the Graduate School of Arts and Sciences, University of Tokyo (2012–2015).

Mr. Asakawa obtained his BA from University of Tokyo (Economics Faculty) in 1981, and MPA from Princeton University, USA, in 1985.