Philippines, Aug. 31 -- Asian Development Bank (ADB) President Masato Kanda received unanimous support for a second term as ADB President from the members of ADB's Board of Governors voting in the recently concluded election. His new term runs for 5 years beginning 24 November 2026.Mr. Kanda was first elected as ADB 11th President on 27 November 2024 and assumed the position on 24 February 2025, serving the remaining term of his predecessor, Masatsugu Asakawa. Since Mr. Kanda took office, ADB has significantly expanded its support to members during a period of overlapping crises. In 2025, ADB provided a record $44 billion in support, including more than $29 billion from its own resources and nearly $15 billion in cofinancing. A historic ame...