ADB appoints Tachiiri as regional director

Masayuki Tachiiri has assumed office as Regional Director of the Asian Development Bank’s (ADB) Pacific Subregional Office (SPSO) in Suva. Picture: SUPPLIED/ADB

THE Asian Development Bank’s (ADB) has appointed Masayuki Tachiiri as its regional director of the Pacific Subregional Office (SPSO) in Suva.

In a statement today, the ADB confirmed that Mr Tachiiri has assumed office at the SPSO which serves as the bank’s focal point for assistance ensuring the delivery of financing and knowledge solutions in the Cook Islands, Fiji, Kiribati, Samoa, Tonga, and Tuvalu.

“ADB’s Strategy 2030 sets the course for our efforts to respond effectively to the Pacific subregion’s changing needs and will focus our efforts on the specific needs of small island developing states (SIDS),” said Mr Tachiiri.

“ADB will better support SIDS by combining concessional finance, knowledge and advisory services, and partnership with diverse stakeholders.”

Sustainable infrastructure investments will remain a priority in the Pacific subregion. ADB will continue to support governments’ efforts to improve the business environment and promote private sector investment.

The appointment also comes as Fiji will be hosting ADB’s 52nd Annual Meeting in May 2019, the first time for a Pacific developing member country.

The meet will be an opportunity to showcase achievements and opportunities in the Pacific subregion.

Fiji has been a member of ADB since 1970, with support totaling $509million in loans, $35million in grants, and $32m in technical assistance. In early 2019, ADB will launch a new Country Partnership Strategy for Fiji, which will set strategic priorities to guide the relationship and ADB operations in the country to 2023.

Mr Tachiiri holds a Ph.D in Economics from the University of Chicago.

He joined ADB in 2007 and worked in its South Asia Regional Department as well as the Strategy, Policy, and Review Department.

He also had a short stint in a private advisory firm where he worked as financial advisor for public-private partnership infrastructure projects.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.

Established in 1966, it is owned by 67 members – 48 from the region.

In 2017, ADB operations totaled $32.2billion, including $11.9billion in cofinancing.

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