20231208 Haruhiko Kuroda21

I attended a news conference at ADB's annual meeting in Madrid in May 2008. © Reuters

Strategy 2020 at the ADB: Haruhiko Kuroda (21)

Kuroda makes major changes to the bank's long-term strategy

As the Asian Development Bank (ADB) developed a strategy for regional integration, a great deal of attention was focused on its stance on the global environment, particularly climate change.

Asia has a huge population and has experienced rapid economic growth. At the same time, carbon dioxide emissions have skyrocketed and climate change mitigation in the region has become a critical issue. Island nations in the Pacific and Indian oceans have had to cope with high waves and rising sea levels.

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