The Asian Development Bank intends to create a separate vice-president post to oversee the bank's private sector investments. The bank's 48 regional member nations may send in their candidates for the said post.
"Once the countries forward the names, the nationality of the candidate will not matter and the selection will be on merit," a senior ADB official told Business Standard.
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ADB's private sector investments are currently being managed by one of the bank's four vice-presidents, although not as a separate portfolio.
