Philippine Finance Secretary Carlos Dominguez 3rd has been appointed chairman of the Asian Development Bank (ADB) Board of Governors ahead of the bank’s 51st Annual Meeting next year, the Department of Finance (DoF)announced on Sunday.

“The Finance Secretary assumed the chairmanship of the ADB Board of Governors ahead of this financial institution’s 51st Annual Meeting in 2018 that will be held in the Philippines,” the DoF said.

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