Kanda, 59, who currently serves as a special adviser to Japan's prime minister, will assume the role as the bank's 11th president on Feb. 24, 2025, succeeding Masatsugu Asakawa.
The appointment on Thursday maintains Japan's tradition of leading the institution since its establishment in 1966, with the country being a major shareholder alongside the United States.
"I am determined to tackle a wide range of challenges from traditional issues such as infrastructure development and poverty eradication to climate change and other global concerns, with all my strength," Kanda told the media.
The former vice finance minister for international affairs, who orchestrated Japan's substantial currency market interventions earlier this year, departed from his role in July after a three-year tenure.
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