Asian Development Bank president Tadao Chino on Tuesday
announced his resignation effective January 2005, the Bank said in
a statement.
The ADB did not give any reason for Chino's resignation nor who
will replace him.
"I am resigning with a deep sense of satisfaction and
gratitude," Chino said.
Chino, a Japanese citizen, joined the Manila-based bank in
1999.He said he felt it an "opportune time" for him to leave ADB
and return to Japan.
"Since I am equally aware that much remains to be done, I will
do my best in performing my responsibility as president until my
last day at the ADB," he said.
ADB, established in 1966, is a multilateral development finance
institution working to reduce poverty in Asia and the Pacific. It
has now 63 members.
(Xinhua News Agency September 1, 2004)