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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.
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 during his mission on 17-21 October 2022 in Tokyo met with Japan International Cooperation Agency (JICA) Vice President Mikio Hataeda to reinforce the partnership between JICA and ADB’s private sector and public-private partnership (PPP) advisory operations, and explore opportunities to collaborate through expanded cofinancing and transaction advisory. He also met with Japan Bank for International Cooperation (JBIC) Deputy Governor Kazuhiko Amakawa to discuss ways to enhance collaboration between ADB and JBIC in commercial cofinancing of sustainable infrastructure and energy transition. VP Lavasa met with ADB Institute (ADBI) Dean Tetsushi Sonobe and discussed private sector development strategies for Asia and the Pacific region and explore areas of ADBI’s knowledge outreach and capacity building for private sector and PPP clients. ADB's Office of Public Private Partnership (OPPP) Head F. Cleo Kawawaki and Japan Representative Office staff joined the meetings.
VP Ashok Lavasa on 6 October 2022 highlighted that public-private partnerships (PPPs) are about “exploring the possibilities”, the theme of ADB's 2022 PPP Thematic Group strategy session. He said an infrastructure investment recovery might be underway but the pressure on governments’ finance obligations is increasing. He added the challenge for ADB is how to reengage developing member countries (DMCs) on addressing the effects of COVID-19 pandemic on infrastructure and climate change. Sustainable Development and Climate Change Department Director General Bruno Carrasco in opening encouraged the participants to assess the scope for more innovation not only in exploring private sectors’ contribution to greater development impact but also driving greater integration of sovereign and nonsovereign operations. Office of Public-Private Partnership Head F. Cleo Kawawaki, in closing, expressed full support to make PPP projects doable and expand private sector development and participation under Strategy 2030. Experts from different sectors shared their insights on sustainable and decarbonizing transport, social infrastructure, and the use of digital technologies in adding value to PPP projects.
At a summit on 8-9 September 2022 in Kathmandu opened by the former Prime Minister of Nepal Pushpa Kamal Dahal, VP Ashok Lavasa in a keynote address noted that greater private sector participation in the economy is essential to mobilize resources, introduce innovation and technology, improve efficiencies, and ensure sustainable development results. He also emphasized that ADB is ready to support the Government of Nepal in attracting private sector investment by developing an enabling environment, mobilizing high-impact capital, and introducing new technologies and innovations. The VP also met with Nepal’s Finance Minister and ADB Governor Janardan Sharma “Prabhakar” and commended the government on the progress toward legal and regulatory reforms to attract private and foreign investment. Read the news release and VP Lavasa's inaugural address.
VP Ashok Lavasa emphasized the importance of making global trade and supply chains green, resilient, transparent, inclusive, and socially responsible at the Trade and Supply Chain Finance Program (TSCFP) held on 6 September 2022 in Singapore. More than 140 partners, including the Government of Australia, banks, and regulators attended. VP Lavasa and the TSCFP team presented the awards for best transactions conducted with TSCFP in 2021, including best in green and SME transactions, and gender champion.
VP Ashok Lavasa led ADB's delegation to the T20 Summit 2022 held on 5-6 September 2022 in Bali, Indonesia. In his keynote address on Smoothing Green and Just Energy Transition, VP Lavasa highlighted the role of increased financing, greater private sector participation, enhanced knowledge, and stronger international cooperation. An ADB-organized side event on driving digitalization to close trade and supply chain finance gaps discussed the challenges in trade digitalization and ways the G20 governments and the private sector can help to address them. ADB Chief Economist Albert Park joined a panel discussion on green and digital technology adoption in the context of global value chains. The summit served as the final event of the network of think tanks and research institutes in G20 and developing countries.
The Asian Development Bank (ADB) and “Nur Navoi Solar” Foreign Enterprise Limited Liability Company (NNS) signed loans of up to $17.5 million for a 100-megawatt (MW) solar power plant that will be the first public-private...
The Asian Development Bank (ADB) and Indorama Ventures Public Company Limited (IVL) signed a $100 million financing package to reduce the environmental impact of plastic and promote a circular economy by boosting the capacity of IVL...
Keynote address by Ashok Lavasa, ADB Vice President for Private Sector Operations and Public–Private Partnerships, at the Institute of Directors’ (IOD) Global Conference, 23 February 2022
Speech by Ashok Lavasa, ADB Vice President for Private Sector Operations and Public–Private Partnerships, at the signing ceremony of IIFL Home Finance Limited, 21 February 2022
Speech by Ashok Lavasa, ADB Vice President for Private Sector Operations and Public–Private Partnerships, at the Signing Ceremony of Joint Stock Company Bank of Georgia, 9 December 2021
Speech by Ashok Lavasa, ADB Vice President for Private Sector Operations and Public–Private Partnerships, at the Signing Ceremony of Zhujiang Financial Leasing Company Project, 2 November 2021
Opening remarks by Ashok Lavasa, Vice President for Private Sector Operations and Public-Private Partnerships, at the DigitalxADB Forum, 28 October 2021.
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).