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Kuroda named new ADB head

Nov. 18, 2004 at 10:02 AM

MANILA, Philippines, Nov. 18 (UPI) -- Former Japanese finance ministry official, Haruhiko Kuroda, was tapped as the new head of the Asian Development Bank Thursday.

The 60-year-old Kuroda will succeed Tadao Chino on Feb. 1. Chino, who was also a former Japanese finance ministry official, announced his resignation from the top spot at the Manila-based agency in August.

The presidency of the ADB has historically gone to a Japanese national, usually from the finance ministry, as Japan is the single-largest shareholder in the agency. Kuroda was a former vice minister of finance for international affairs, and he is currently special adviser to Prime Minister Junichiro Koizumi.

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