ADB hints at change

Asian Development Bank President Takehiko Nakao during ADB's 47th Annual Meeting in Astana. Photo by: ADB

Less than a week ago, delegates attending the Asian Development Bank’s annual meeting gathered to listen to President Takehiko Nakao’s inaugural address to the bank’s board of governors in Astana, Kazakhstan.

The usual priorities —inclusive and sustainable growth, infrastructure development and partnerships — were there, but the degree of introspection was noteworthy for an institution that prefers to focus on its work rather than engage in internal debate over how that work is done. Aware of Asia-Pacific’s rapidly evolving development landscape, and likely propelled by World Bank President Jim Kim’s ambitious reform agenda, the ADB chief acknowledged the bank needs to “reform itself.”

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    Carlos Santamaria

    As associate editor for breaking news, Carlos Santamaria supervises Devex's Manila-based news team and the creation of our daily newsletter. Carlos joined Devex after a decade working for international wire services Reuters, AP, Xinhua, EFE and Philippine social news network Rappler in Madrid, Beijing, Manila, New York and Bangkok. During that time, he also covered natural disasters on the ground in Myanmar and Japan.