The President of the Asian Development Bank (ADB) as of 31st December 2020 is:
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Correct option is D

Correct Answer: D Masatsugu Asakawa

Masatsugu Asakawa became the President of the Asian Development Bank (ADB) on 17th January 2020. As of 31st December 2020, he continued to serve in this role. Asakawa, a Japanese economist and former Vice Minister for International Affairs at Japan's Ministry of Finance, brought extensive experience in international finance and development.

As President, he focused on:

• Addressing the economic and health impact of the COVID-19 pandemic in member countries.
• Strengthening ADB's efforts toward climate change mitigation and adaptation.
• Promoting inclusive and sustainable economic growth in the Asia-Pacific region.

The President of ADB is traditionally a Japanese national due to Japan being one of the largest contributors to the bank.

Information Booster:

• ADB, headquartered in Manila, Philippines, was established in 1966.
•  ADB has 68 member countries, including 49 from the Asia-Pacific region.
•  Key focus areas include infrastructure development, poverty reduction, and regional cooperation.
•  The President is elected for a 5-year term with the possibility of re-election.
• Japan and the USA are the largest shareholders of ADB.