CI Times Weekly | Current Issue 262 | 04 August 2008
Former ADB head passes away
The former President of the Asian Development Bank (ADB) Tadao Chino 74, has passed away in Tokyo.
Minister of Finance Sir Terepai Maoate, who met Chino on several occasions has extended the condolences of the Government and people of the Cook Islands.
Sir Terepai says Chino steered ADB through a challenging period and helped determine the Bank’s overarching goal of poverty reduction. It has been reported that under the goal, negotiations for the replenishment of the Asian Development Fund, the organisations’ major source of concessional funds for the poor, were started.
Under his leadership, ADB adopted it long-term strategic framework to provide strategic direction and to position ADB to help its member countries achieve the Millenium Development Goals by 2015. -DPM Office Media Release