Tadao Chino, former President of the Asian Development Bank (ADB), passed away in Tokyo, Japan, Thursday at the age of 74, according to an ADB’ press release dated July 18. Serving as President from 1999 to 2005, Mr. Chino steered the ADB through a challenging period that included providing assistance to several developing member countries still suffering from the effects of the 1997-1998 financial crisis. The statement added that soon after Chino’s arrival, ADB approved its Poverty Reduction Strategy, declaring poverty reduction its overarching goal.
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