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ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

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.

07 March 2023 VP Lavasa reaffirms ADB’s support to private sector and public-private partnerships in Viet Nam

VP Ashok Lavasa met with the State Bank of Viet Nam Governor and ADB Governor Nguyen Thi Hong, the Government Office Vice Chair Nguyen Xuan Thanh, the Vice Minister of Finance Vo Thanh Hung, and other senior government officials, business leaders, and development partners during a visit to Ha Noi on 7–10 March 2023. They discussed ADB's partnership in Viet Nam’s green, inclusive, and private sector-led growth, particularly through capital markets and sustainable infrastructure development. VP Lavasa joined the signing of the public-private partnerships memorandum of understanding with Viet Nam National University, the International Women’s Day celebration at ADB's Viet Nam Resident Mission, and visited an ADB project supporting sustainable mobility. 

08 February 2023 VP Lavasa speaks on just energy transition to Stanford Law students

VP Ashok Lavasa on 8 February 2023 shared online his insights on enabling a just energy transition in Asia and the Pacific at the Stanford Law School-led Environmental Law and Policy Colloquium. The VP identified a robust knowledge base, institutional capacity, meaningful partnerships with diverse stakeholders, innovative financing approaches, and private sector participation as key to the transition to low-carbon and resilient energy systems and economies. He said that while most conversations center on decarbonizing the energy supply, improving energy efficiency and promoting energy conservation are also important low-cost options.

20 January 2023 ADB commits $131 million towards container terminal upgrade in India

VP Ashok Lavasa participated in a signing ceremony between ADB and Nhava Sheva Freeport Terminal Private Limited on 20 January 2023 in New Delhi, making ADB’s first private sector financing of container terminal operations in India. The $131 million loan, including $69.6 million of cofinancing from LEAP, will be used to sustainably upgrade existing berths and yards and install additional energy-efficient equipment such as electric quay cranes in the Jawaharlal Nehru Port Container Terminal in Navi Mumbai Maharashtra. The project, aligned with the National Trade Facilitation Plan, National Monetization Pipeline, and Maritime India Vision 2030, will result in more efficient terminal operations and enhance international trade through efficient, transparent, and state-of-the-art logistics infrastructure at India's second largest port. ADB Infrastructure Finance Division 1 Director Shantanu Chakraborty signed the loan agreement during the ceremony. Read the news release

20 January 2023 VP Lavasa meets India Finance Minister, affirms continued support to development priorities

VP Ashok Lavasa on 20 January 2023 met with India’s Finance Minister and ADB Governor Nirmala Sitharaman and affirmed ADB’s continued support to the Government of India’s flagship programs, priority infrastructure projects, and transformative initiatives such as scaling up clean technologies. The VP reiterated that the upcoming country partnership strategy for India for 2023-2027 would be aligned to the government’s development priorities. He discussed ADB’s New Operating Model integrating sovereign and nonsovereign operations to augment private sector investments and climate finance, promote public-private partnerships, and provide knowledge support. He also discussed ADB's support to India’s G20 presidency. VP Lavasa also met with Housing and Urban Affairs Minister Hardeep Singh Puri and a number of private sector clients.

16 January 2023 ADB presents new cities concept at G20 workshop in India

VP Ashok Lavasa on 16 January 2023 in Maharashtra delivered the welcome speech at a high-level workshop on Financing Cities of Tomorrow as a part of the first Infrastructure Working Group (IWG) meeting under the India G20 presidency. ADB South Asia Urban Development and Water Division Director Norio moderated a session on the financial capacity needs to increase private sector financing. Office of Public-Private Partnership Head Cleo delivered the closing remarks. ADB presented the “Architecture for Capacity Building of Local Governments for Building Inclusive, Resilient, and Sustainable Cities" concept to the IWG. ADB is leading this deliverable as a knowledge partner under the India G20 Presidency. 

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 >>