Kathmandu, August 15:

The Board of Directors of the Asian Development Bank (ADB), acting on

the recommendation of president Haruhiko Kuroda, approved the appointment of Zhao Xiaoyu as vice-president (Operations 1).

He succeeds Jin Liqun who retired from Asian Development Bank service on July 31, states a press release.

As Asian Development Bank vice-president for Operations 1, Zhao will be overseeing the operations of the South Asia Department, the Central and West Asia Department, and the Private Sector Operations Department.

Zhao is currently the deputy governor (CFO) of the Export-Import Bank of China. He served as the executive director for the People’s Republic of China at ADB from March 1999 to September 2002.

The ADB has been helping Nepal with many projects like Melamchi Water project.