Lakshmi Venkatachalam

Biography

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Lakshmi Venkatachalam is the Vice-President (Private Sector and Cofinancing Operations) of ADB. She assumed office in June 2010.

Ms. Venkatachalam leads ADB's initiatives in Private Sector and Cofinancing activities. Under its long-term Strategy 2020 Framework, ADB's activities in private sector development and private sector operations are targeted to reach 50% of its annual operations by 2020. Strategy 2020 also envisages a significant increase in ADB's partnership-based cofinancing activities by 2020. Ms. Venkatachalam will lead ADB's efforts in assisting development-oriented private sector projects in the region, with a clear focus on challenging sectors and regions, as well as in building and strengthening cofinancing partnerships with various official and commercial cofinanciers with a view to mobilizing investment capital for the region.

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News Releases

ADB Vice-President Lakshmi Venkatachalam today arrived in New Zealand for a four-country visit to the Pacific region, where she will meet with senior government officials for discussions on ADB’s support. 

Asia needs a robust bond market that can match the financing requirements of huge infrastructure projects in the region and the growing appetite for long-term assets among local pension and insurance companies, a seminar at ADB's 46th Annual Meeting heard today.

ADB is investing $30 million equity in NSL Renewable Power Private Ltd. (NRPPL), a leading renewable energy company in India, to support hydropower and wind power projects that will generate 530 gigawatt-hours every year, and reduce carbon dioxide emission by 400,000 tons annually from 2017 onward.

Speeches

Keynote Speech by Lakshmi Venkatachalam, ADB Vice-President (Private Sector and Cofinancing Operations), at the 10th China International Finance Forum (CIFF): Financial Industry and Real Economy Development on 27-28 October 2013 in Shanghai, People's Republic of China

Address by Lakshmi Venkatachalam, Vice-President (Private Sector and Cofinancing Operations), Asian Development Bank, at Session 5: Financing to Address the Global Water and Sanitation Crisis1, Budapest Water Summit, 11 October 2013.

Keynote speech by Lakshmi Venkatachalam, Vice President (Private Sector and Cofinancing Operations), Asian Development Bank, at The 2012 Forum on Inclusive Growth, Dili, Timor-Leste