Former ADB president Chino passes away | The Daily Star
12:00 AM, July 21, 2008 / LAST MODIFIED: 12:00 AM, July 21, 2008

Former ADB president Chino passes away

Tadao Chino, former president of the Asian Development Bank (ADB), passed away in Tokyo, Japan on Thursday at the age of 74, says a press release.
Serving as ADB president from 1999 to 2005, Chino steered 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.
Soon after Chino's arrival, ADB approved its Poverty Reduction Strategy, declaring poverty reduction its overarching goal. Under that goal, negotiations for the replenishment of the Asian Development Fund (ADF VIII) ADB's major source of concessional funds for the poor - were started. He also helmed negotiations for ADF IX, securing funding for 2005-2008.
He was a strong voice for eradicating poverty and his influence continues to be felt today,” said ADB President Haruhiko Kuroda.
Chino's involvement in ADB dates back to the institution's creation. In 1964, Chino, as an officer of the United Nation's Bangkok-based Economic Commission for Asia and Far East (ECAFE), laid the groundwork for establishing a regional development bank. His efforts led to the founding of ADB in 1966.
Since leaving ADB, Chino had been a senior adviser to Nomura Research Institute Ltd. Before that, Chino, a graduate of Tokyo University, had a career spanning more than three decades with Japan's Ministry of Finance.
Chino's family said his passing was due to liver failure. He is survived by his wife and two daughters.

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