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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.

10 September 2021 ADB, EBRD, ENA sign agreement to modernize and expand Armenia’s electricity distribution networks

ADB and EBRD on 10 September 2021 held a ceremony to mark the financial close for a climate finance transaction, which includes a $20 million ADB loan and a $15 million loan from the Leading Asia's Private Infrastructure (LEAP) Fund, an ADB-managed trust fund that will support the Electric Networks of Armenia Closed Joint-Stock Company (ENA). The project totalling $148 million will upgrade Armenia’s electricity distribution networks to ensure reliable electricity supply, especially in the provinces. VP Ashok Lavasa highlighted that this landmark project, ENA Investment Program Phase 2, will contribute to ADB’s $80 billion target in cumulative financing for climate mitigation and adaptation by 2030. ADB Private Sector Operations Department (PSOD) Director General Suzanne Gaboury noted that ADB’s long-term partnership and continued investment in ENA to improve access to affordable and reliable energy supply is critical to ensure inclusive growth and development in the region. PSOD Infrastructure Finance Division Director Shantanu Chakraborty signed the documents on behalf of ADB. Alternate Executive Director Karen Murray and Aremenia Resident Mission Country Director Paolo Spantigati also joined the event. Read the news release.

8 September 2021 VP Lavasa highlights ADB’s support for adaptation and resilience at Climate Investment Summit

VP Ashok Lavasa participated virtually in the panel session Achieving a Just Transition: Investments in Adaptation and Resilience in Emerging and Developing Economies at the Climate Investment Summit on 8 September 2021 in Copenhagen. He highlighted ADB’s innovative solutions and initiatives, including green financing vehicles and public-private partnership models that are supporting investments in climate adaptation and resilience. Amid growing fiscal constraints, VP Lavasa emphasized early policy engagement and private capital mobilization to accelerate global decarbonization leading toward a holistic societal, gender equal, economic, and environmental net-zero transition.

6 September 2021 VP Lavasa meets senior government officials, key stakeholders in Uzbekistan

VP Ashok Lavasa, during his visit to Uzbekistan on 31 August-6 September 2021, reaffirmed ADB’s support for the country’s reform agenda and the private sector, including the development of PPPs. He met with Deputy Prime Minister, Minister of Investments and Foreign Trade, also ADB Governor, Sardor Umurzakov; and Deputy Prime Minister, Minister of Economic Development and Poverty Reduction, Jamshid Kuchkarov. VP Lavasa commended the government on its economic recovery from the COVID-19 pandemic, highlighting the significant progress made in developing PPP projects, and supporting entrepreneurship in the country, particularly the SMEs. He discussed expanding private sector support to the agribusiness and healthcare sectors; and providing local currency financing solutions. He also met with senior officials of the Islamic Development Bank (IsDB) Group following his participation in IsDB's 2021 Annual Meeting where he joined panelists in the PPP Investment in the Post-COVID-19 Era session. Joined by Uzbekistan Resident Mission Country Director Cindy Malvicini, he also interacted with private sector partners to discuss business opportunities and ADB’s support of the enabling environment. Read the news release.

26 August 2021 ADB Eminent Speaker shares insights on India’s fiscal federalism

N. K. Singh, Chair of India’s 15th Finance Commission presented perspectives on fiscal federalism in India and discussed how it can be made more robust to face impending challenges, especially in the post-pandemic times, at a virtual forum held on 26 August 2021. VP Shixin Chen gave the welcome address, and VP Ashok Lavasa the special remarks. Other panelists that included South Asia Department Director General Kenichi Yokoyama, Sustainable Development and Climate Change Department (SDCC) Director General Bruno Carrasco, and Deputy Chief Economist Joseph Ernest Zveglich discussed issues raised by Mr. Singh and their relevance to ADB’s support to India and other developing member countries. SDCC Chief Thematic Officer Xiaohong Yang moderated the panel discussion. Executive Director Sameer Kumar Khare gave the closing remarks. 

12 August 2021 VP Lavasa underscores women's access to finance at Women's Finance Exchange launch

VP Ashok Lavasa on 12 August 2012 highlighted the importance of empowering women by eliminating barriers to finance at the launch of the Women's Finance Exchange (WFX), an  initiative of ADB's Private Sector Operations Department (PSOD) to support financial institutions and women borrowers through tech-enabled solutions, digital support, and capacity building. VP Lavasa noted the seeding and development of women-owned and women-led businesses will help empower women to take control over resources and give them tools for life-long change. PSOD Director General Suzanne Gaboury underscored the importance of gender responsive financing across ADB's sovereign and private sector operations and fintech solutions for women's increased access to finance. More than 260 participants joined the event. ADB Private Sector Financial Institutions Division Director Christine Engstrom launched the WFX, and Chief of Gender of Equality Thematic Group, Samantha Hung, moderated a panel discussion. 

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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 >>