The Asian Development Bank (ADB) on Tuesday appointed Hoe Yun Jeong, a financial sector specialist, as its new country director for Bangladesh.
Mr. Jeong has 25 years of professional experience, including about 15 years in the ADB, said a press release.
He joined the ADB in 2009 as an economist and worked extensively in regional cooperation and operations. Prior to joining the bank, he held senior positions in the Korean Ministry of Strategy and Finance.
In 2018, he moved to the ADB's India Resident Mission, where he served in senior roles, including the deputy country director.
Mr. Jeong, a national of the Republic of Korea, holds a master's degree in business administration from the University of Washington, United States, and a bachelor's degree in economics from the Seoul National University, Korea.
He will lead the ADB's operations in Bangladesh and policy dialogue with the interim government, development partners, and other stakeholders. He will initiate preparation of the ADB's upcoming country partnership strategy (CPS) for Bangladesh. The current CPS will end in 2025.
Mr Jeong said: "I look forward to working closely with the interim government and the people of Bangladesh to restore economic and fiscal stability as well as implement broad-based reforms, critical for economic diversification and a sustained growth trajectory, including progress towards the country's long-term development goals."
As of September 2024, the ADB's Bangladesh portfolio includes 53 projects worth around US$13 billion.
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