ADB president re-elected

ADB president re-elected

MANILA (AFX-ASIA): Asian Development Bank said Tadao Chino has
been re-elected as president of the bank for a new five-year
term.

Chino, 67, was gratified by the bank's board of governors'
trust in him and pledged to "maximize ADB's contribution to
freeing the Asia and Pacific region of poverty," ADB said in a
statement.

The bank said that under Chino's leadership, the ADB evolved a
poverty reduction strategy that became its overarching goal.

It also adopted a strategy of strengthening the role of the
private sector as an engine for growth of the region, and set
out on a "long-term strategic framework" for implementing a
poverty reduction program until 2015, it said.