The managing board of Asian Development Bank (ADB) has just appointed Haruhiko Kuroda, former financial deputy minister of Japan as the new chair.
Kuroda, 60, will take over this new position from February 1, 2005. Presently, he is a special adviser for the Office of the Japan prime minister and a professor of the Hitotsubashi Economics University, Tokyo. He emphasised that ADB will still maintain flexible operation policies in an effort to support for improvement of obstacles which developing member countries are facing up and try to attain high efficiency in support activities.
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