How We're Organized
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.
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.
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.
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.
VP Ashok Lavasa during his visit to Bangladesh from 7-11 December 2022 discussed ADB's continued support for private sector development, public-private partnerships, and climate change initiatives in meetings with senior government officials and sector leaders. The VP highlighted ADB’s priorities on green growth, use of innovative technologies, prudent macroeconomic management, higher domestic resource mobilization, just energy transition, enhanced service delivery, and more efficient project implementation. At the Bangladesh PPP Monitor launch on 8 December, the VP emphasized the value of conducive regulatory and institutional frameworks, public institutions’ capacity to prepare projects, and balanced risk allocations. VP Ashok also visited PPP projects and discussed the New Operating Model with Bangladesh Resident Mission staff.
VP Ashok Lavasa participated in the signing ceremony on 11 December 2022 for a €10.8 million facility agreement with Envoy Textiles Limited. The loan will fund a new, automated, and more energy-efficient yarn spinning unit for Envoy’s in-house denim fabric production. This is ADB’s first private sector project in the textile sector in Bangladesh in two decades. Read the news release.
VP Ashok Lavasa on 28 November 2022 moderated the discussion on Resilient Supply Chains for Climate Change Mitigation and Adaptation organized by ADBI as part of its Annual Conference held under the theme Fostering Resilient Global Supply Chains amid Risk and Uncertainty. The panelists discussed the challenges and policy recommendations needed to enhance the resilience of supply chains for climate mitigation and adaptation. They highlighted the importance of diversification of supply chains, regional cooperation for environmental innovation, and building resilience to climate change. They also discussed the need for government policies to induce demand for green growth. The panelists included experts from the University of Birmingham, International Solar Alliance, United Nations University, and the International Renewable Energy Agency.
ADB will continue to scale up private sector investment in Uzbekistan’s urban and renewable energy sectors and extend its support into new areas such as education and health.
ADB and Energy Absolute signed a 160 million Thai baht loan agreement to finance an electric ferry fleet for mass rapid transport in Bangkok—the first such transport system in Southeast Asia.
ADB and LDC, signed a loan of up to $100 million to help smallholder farmers recover from the economic challenges caused by the COVID-19 pandemic, and improve their resilience to climate change impacts.
The Asian Development Bank signed a $100 million loan with JSC Bank of Georgia (BOG) to support the growth of micro, small, and medium-sized enterprises, including those owned by women, by enhancing their access to urgently needed finance...
The Asian Development Bank and Zhujiang Financial Leasing Company Limited signed a $40 million loan equivalent to CNY258 million, to expand the company’s long-term lease funding for small and medium enterprises in the ...
Remarks by Ashok Lavasa, ADB Vice President for Private Sector Operations and Public–Private Partnerships, at the T20 Summit 2022, 5 September 2022, Bali, Indonesia
Opening remarks by Ashok Lavasa, ADB Vice President for Private Sector Operations and Public–Private Partnerships, at the Parallel Session 2, T20 Summit 2022, 5 September 2022, Bali, Indonesia
Remarks by Ashok Lavasa, ADB Vice President for Private Sector Operations and Public–Private Partnerships, at the World Cities Summit 2022, 2 August 2022, Singapore
Opening remarks by Ashok Lavasa, ADB Vice President for Private Sector Operations and Public–Private Partnerships, at the launch of the 2021 Private Sector Operations Report on Development Effectiveness, 30 May 2022
Welcome remarks by Ashok Lavasa, ADB Vice President for Private Sector Operations and Public–Private Partnerships, at the ADB–Uzbekistan Business Opportunities Seminar, 19 May 2022
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).