New vice-president of ADB named
Baku, Azerbaijan, Nov.24
By Anvar Mammadov - Trend:
The Asian Development Bank (ADB) has appointed Deborah Stokes as vice-president for administration and corporate management, the bank's website said Nov.24.
Stokes, who is expected to assume office in January 2016, will be responsible for the overall management of the operations of the Budget, Personnel, and Management Systems Department; Office of Administrative Services; Office of the General Counsel; Office of Information Systems and Technology; Office of the Secretary; and Operations Services and Financial Management Department, said the ADB website.
She succeeds Bruce Davis, who is retiring from ADB, according to the message.
As a senior official in Australia's Department of Foreign Affairs and Trade and Australian Agency for International Development, Stokes has extensive experience in international relations, development and corporate management, with years of playing a leading role in Australia's engagement with the United Nations and other multilateral organizations.
ADB was founded in 1966 and has 67 members. The bank's headquarters is located in Manila, the capital of the Philippines. Azerbaijan became ADB member on December 22, 1999. The country's share in the bank's capital is 0.5 percent.
ADB's leading shareholders are Japan and the United States (31.2 percent of the total share capital), India and China (12.8 percent), Australia, South Korea and Canada (16 percent).
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