Takehiko nakao biography of albert

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27 May 2013. Since its inception in 1966, ADB presidents have all been Japanese and although there was talk of a Chinese challenge, Nakao remained the sole nominee for the post.

takehiko nakao biography of albert

Nakao will complete the term of his predecessor in November 2016.

As ADB President, Nakao has identified securing financial resources for the ADB and promoting public-private partnerships as focus areas and has called for a “more innovative, more inclusive and more integrated” development of the Asia-Pacific region. 27 May 2013. 27 May 2013. He worked on a balance, probably understanding that altering established paradigms demands not just will but patience to appeal to vested interests slowly and convincingly.

Nakao’s leadership shone through another critical lens: crisis management.

He understood that the lines between economics and human rights intersect in classrooms, laboratories, and community centers. Kathmandu, Nepal . During his period as president, the ADB continued its focus on infrastructure, environment, regional integration, inclusiveness and gender equality, cofinancing initiatives and internal reforms to overcome the ADB's resource crunch and to streamline its performance.[9]

In January 2020, Philippines president Rodrigo Duterte awarded Nakao the Order of Sikatuna, the Philippines' highest civilian recognition, with the rank of Grand Cross, or Datu, in recognition of his services to the Philippines in supporting the national development program during his period as president of ADB.[10]

Bibliography

Books (English)

  • Asia’s Journey to Prosperity -Policy, Market and Technology over 50 Years, January 2020, Asian Development Bank (Lead Editor and Co-author with Staff)　https://www.adb.org/publications/asias-journey-to-prosperity
  • The Rise of Asia: Perspectives and Beyond -Memoir of the President of the Asian Development Bank (2013-2020), July 2022, Asian Development Bank https://www.adb.org/sites/default/files/publication/808451/rise-asia-perspectives-beyond.pdf

Papers (English)

  • ADB’s New Strategy in Asia, Helping Build Quality Infrastructure at Scale, September 2016, International Development Journal (translation)
  • Challenges in International Finance and Japan’s Responses, March 15, 2012, International Financial Symposium hosted by the Institute for International Monetary Affairs
  • Response to the Global Financial Crisis and Future Policy Challenges, Hakone, October 23, 2010, Keynote Address, Symposium co-hosted by Harvard Law School and International House of Japan
  • Reforming the International Monetary System—Japan’s Perspective, March 18, 2010, Symposium at the Institute for International Monetary Affairs
  • Japanese ODA—Adapting to the Issues and Challenges of the New Aid Environment, October 2005, FASID Discussion Paper on Development Assistance No.8, with Takamasa Akiyama
  • Japan’s Experience with Fiscal Policy in the 1990s, March 2002, Paper for the Seminar on Fiscal Impacts Hosted by the Central Bank of Italy

Notes and References

  1. News: ADB board electsTakehiko Nakao as president.

    Were his policies too moderate? ADB Reappoints Nakao as President . In 2008, he authored the book America’s Economic Policy: Can it Sustain its Strength?.

    Career

    Nakao was a career civil servant with the Finance Ministry of Japan which he joined in 1978. July 21, 2019 .

  2. Web site: Takehiko Nakao's vision for Asia-Pacific.

    Critics highlight that in the race for development, the focus on faster economic growth sometimes overshadowed environmental concerns or equitable wealth distribution. During his presidency, environmental disasters and economic shocks tested his crisis response strategies. 26 April 2013. These questions linger, yet it's undeniable that he paved pathways others could build upon.

    True to the perspective that every voice matters in the defining currency of change, Nakao implored participative dialogue, ensuring that policies were neither top-down nor out of touch.

    Despite these progressive strides, one might argue that ADB, under Nakao, didn’t drastically shift from traditional financial models. Nakao not only tackled these head-on but also emphasized regional cooperation, acknowledging the intertwined destinies of nations sharing borders, history, and sometimes disagreements.

    Nakao notably spearheaded ADB’s Strategy 2030, a comprehensive plan aiming for sustainable, inclusive growth in the region.

    These made rapid reformations challenging.