Asian Development Bank renews president’s term

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Haruhiko Kuroda, 67, has been re-elected as president of the Asian Development Bank (ABD).

The ADB's board of governors reached the unanimous decision on August 11. Kuroda's new five-year term will begin on November 24, 2011.

Kuroda was first elected president of the ADB in November 2004, he officially assumed office on February 1, 2005, to see out former president Tadao Chino's term. Kuroda was then re-elected for a full five-year term beginning November 2006.

Kuroda has made big changes at the

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