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.