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Ashok Lavasa

Mr. Ashok Lavasa is the Vice-President for Private Sector Operations and Public-Private Partnerships of the Asian Development Bank (ADB). He assumed the position in September 2020.

Mr. Ashok Lavasa is responsible for ADB’s Private Sector Operations as well as Public-Private Partnerships.

13 June 2022 ADB, KMF sign first loan to improve access to finance for MSMEs in Kazakhstan

VP Ashok Lavasa and Private Sector Operations Department Director General Suzanne Gaboury on 13 June 2022 spoke at the signing ceremony of a loan to Kazakhstan's largest microfinance organization, KMF of up to $15 million or its tenge equivalent to expand access to credit for micro, small, and medium-sized enterprises (MSMEs) in Kazakhstan. VP Lavasa noted that MSMEs, including those in rural areas and led by women, are a driving force for Kazakhstan’s economic growth and diversification. DG Gaboury said microfinance organizations such as KMF play a crucial role in expanding outreach and financial inclusion of entrepreneurs who are underserved by banks. Read the news release

9 June 2022 VP Lavasa speaks on decarbonization at Kazakhstan’s Foreign Investors’ Council meeting

VP Ashok Lavasa on 9 June 2022 welcomed Kazakhstan’s long-term vision of promoting green growth and highlighted ADB’s commitment to support the country’s decarbonization targets at the Foreign Investors’ Council plenary session. The meeting, chaired by Kazakhstan President Kassym-Jomart Tokayev, discussed measures to accelerate the economy’s decarbonization. VP Lavasa also met with Prime Minister Alikhan Smailov, National Economy Minister and ADB Governor Alibek Kuantyrov, and other key government and private sector stakeholders during his Kazakhstan visit on 6-13 June. He participated in the signing ceremony of a loan of up to $15 million (or in KZT equivalent) to KMF microfinance organization to expand access to credit for micro, small, and medium-sized enterprises in Kazakhstan. Read the news release.

30 May 2022 Private Sector Operations in 2021— Report on Development Effectiveness launched

VP Ashok Lavasa commended ADB's Private Sector Operations Department’s (PSOD) strong performance in a difficult operating environment, making critical contributions to ADB’s overall COVID-19 response at the launch of the Private Sector Operations in 2021: Report on Development Effectiveness held on 30 May 2022 in ADB headquarters. In his remarks, VP Lavasa highlighted the need to remain focused on projects that deliver strong additionality and development impacts while observing risk tolerance limits. He also expressed confidence in PSOD’s ability to meet new challenges and assist clients to mobilize capital and roll out innovations to support regional recovery. Read the news release

26 May 2022 ADB, International Solar Alliance discuss strengthening collaboration in mobilizing financing to support solar projects

VP Ashok Lavasa on 26 May 2022 met with International Solar Alliance (ISA) Director General Ajay Mathur, and discussed areas for possible collaboration in mobilizing public and private financing to support solar projects in Asia and the Pacific. Mr. Mathur appreciated ADB’s ongoing support to ISA through a regional technical assistance for South Asia countries and briefed VP Lavasa on various ongoing programs including their proposed blended finance risk mitigation facility. Joint efforts to support One Sun-One World-One Grid and new solar technologies demonstration were also discussed.   

20 May 2022 VP Lavasa opens International Public-Private Partnership Round Table in Uzbekistan

VP Ashok Lavasa on 20 May 2022 opened the Uzbekistan International Public-Private Partnership (PPP) Roundtable, which explored the country’s progress in PPPs and discussed future investment opportunities in infrastructure. The roundtable brought together more than 400 national and international PPP policy makers, regulators, private investors, financiers, as well as senior decision makers in the government of Uzbekistan. The VP on 19 May gave the opening remarks at a regional workshop for heads of PPP agencies from the Central and West Asia region. During his visit to Uzbekistan from May 17 to 22, VP Lavasa met with Deputy Prime Minister and Minister of Investments and Foreign Trade and ADB Governor Sardor Umurzakov; Deputy Prime Minister and Minister of Economic Development and Poverty Reduction Jamshid Kuchkarov; First Deputy Minister of Housing and Communal Services Sakhib Saifnazarov; and other key government and private sector stakeholders. Read the news release.

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Mr. Ashok Lavasa is the Vice President for Private Sector Operations and Public Private Partnerships (VPPP) with the Asian Development Bank.

Prior to joining ADB in September 2020, Mr. Lavasa was an Election Commissioner in India from January 2018 to August 2020, a constitutional position appointed by the President of India.

Mr. Lavasa served for nearly four decades with various government agencies in India including as Union Finance Secretary, Secretary Environment & Climate Change and Secretary Civil Aviation. He also served as Additional Secretary and Special Secretary for Power. As a senior member of the Indian Administrative Service, Mr. Lavasa was associated with a broad array of public policy and program implementation initiatives covering the finance, power, environment and climate change, civil aviation, infrastructure, and tourism sectors. He led the official Indian delegation for climate change negotiations for the Paris Agreement at COP21.

He is the author of a book ‘An Ordinary Life: Portrait of an Indian Generation’ published in July 2021 by Harper Collins. Earlier, he has authored a book titled An Uncivil Servant (Rupa: 2006) and has written several book chapters and academic papers covering climate change, economic policy, and energy. He completed M. Phil. from Madras University (India), MBA from Southern Cross University (Australia) and MA (English) from Delhi University (India).

Read the news release >>